NYSE Arca · ETF
Invest in MUND ETF from India
Indian and foreign residents can buy Northern Trust 2055 Tax-Exempt Ladder ETF (MUND) units directly through Paasa.
By Paasa · Updated
MUND at a glance
- Price
- $97.56+$0.00 (0.00%)
- Expense ratio
- 0.18%
- Day range
- $97.56 – $97.56
- Assets
- $3.9M
- Domicile
- the US
- Holdings
- 160
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -1.40%
- 6 months
- -4.98%
- YTD
- -5.19%
- 1 year
- -5.06%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1PENNSYLVANIA ST TPK COMMN TPK REV BDS 2025A2.5%
- 2MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV2.0%
- 3CASH1.9%
- 4NEW MEXICO FIN AUTH REV SR LIEN PUB PROJ REVOLVING1.8%
- 5HOUSTON TEX INDPT SCH DIST TAX REF BDS 20251.8%
- 6SOUTH DAKOTA CONSERVANCY DIST REV ST REVOLVING FD1.7%
- 7SPOKANE CNTY WASH SCH DIST NO 356 CENT VY UNLTD1.7%
- 8ILLINOIS ST UNIV REVS AUXILIARY FACS SYS REF BDS1.6%
- 9OKLAHOMA CITY OKLA WTR UTILS TR UTIL SYS REV REF1.4%
- 10CRYSTAL CITY TEX INDPT SCH DIST UNLTD TAX REF BDS1.4%
MUND holds 160 securities in total. These 10 are 17.8% of the fund.
Where the money is invested
Countries
- United States98.1%
- Other1.9%
How to invest in MUND from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search MUND and buy
Find the fund by its ticker, MUND, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in MUND from India
What MUND holds
This ETF is designed to deliver consistent payouts, derived from income that is exempt from regular federal income tax and/or a return of original capital, with its final distributions scheduled for 2055. It caters to investors seeking a structured plan to systematically draw down their investment, providing tax-advantaged monthly income and annual principal repayments, which can help manage recurring expenses over an approximate thirty-year period.
Hold a dollar asset
MUND is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one MUND unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy MUND from India?
Yes. Indian residents can buy Northern Trust 2055 Tax-Exempt Ladder ETF (MUND) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does MUND invest in?
Northern Trust 2055 Tax-Exempt Ladder ETF holds 160 securities. Its largest holdings are PENNSYLVANIA ST TPK COMMN TPK REV BDS 2025A (2.5%), MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV (2.0%) and CASH (1.9%). It is a distributing fund domiciled in the US.
What is the expense ratio of MUND?
Northern Trust 2055 Tax-Exempt Ladder ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.9M.
How are MUND dividends taxed in India?
Northern Trust 2055 Tax-Exempt Ladder ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell MUND?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one MUND unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $97.56, and there is no minimum trade size.
What happens to my MUND units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.