NYSE Arca · ETF
Invest in MUNI ETF from India
Indian and foreign residents can buy PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) units directly through Paasa.
By Paasa · Updated
MUNI at a glance
- Price
- $49.50-$0.31 (0.62%)
- Expense ratio
- 0.35%
- Day range
- $49.41 – $49.66
- Assets
- $3.1B
- Domicile
- the US
- Holdings
- 446
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -4.20%
- 6 months
- -4.79%
- YTD
- -5.80%
- 1 year
- -5.26%
- 5 years
- -12.22%
Price change, excluding dividends.
Top 10 holdings
- 1ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 5 5.00% 10/01/20321.5%
- 2BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR 5.00% 03/01/20551.1%
- 3MAIN STREET ENERGY INC ENERGY MSEPWR 09/34 FIXED 5 5.00% 09/01/20341.0%
- 4COLORADO ST HLTH FACS AUTH REV COSMED 11/32 FIXED 5 5.00% 11/15/20320.9%
- 5TEXAS WTR DEV BRD REVENUE TXSWTR 10/44 FIXED 5 5.00% 10/15/20440.9%
- 6HAMILTON CNTY OH SALES TAX HAMGEN 12/37 FIXED 5 5.00% 12/01/20370.8%
- 7CONNECTICUT ST HLTH EDUCTNL CTSHGR 07/57 ADJUSTABLE VAR 3.05% 07/01/20570.8%
- 8NEW YORK ST DORM AUTH SALES TA NYSHGR 03/39 FIXED 5 5.00% 03/15/20390.8%
- 9TEXAS ST MUNI GAS ACQUISITION TXSUTL 04/36 FIXED 5 5.00% 04/01/20360.8%
- 10BLACK BELT ENERGY GAS DIST AL BBEUTL 01/34 FIXED 5 5.00% 01/01/20340.8%
MUNI holds 446 securities in total. These 10 are 9.5% of the fund.
Where the money is invested
Countries
- Other99.1%
- United States0.9%
How to invest in MUNI 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 MUNI and buy
Find the fund by its ticker, MUNI, 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 MUNI from India
What MUNI holds
MUNI is an actively managed municipal bond fund, meaning that its portfolio tilts are dynamic and can deviate quite a bit from neutral exposure. The fund principally invests in investment-grade municipal bonds that are exempt from federal alternative minimum tax.
Hold a dollar asset
MUNI 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 MUNI 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 MUNI from India?
Yes. Indian residents can buy PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) 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 MUNI invest in?
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund holds 446 securities. Its largest holdings are ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 5 5.00% 10/01/2032 (1.5%), BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR 5.00% 03/01/2055 (1.1%) and MAIN STREET ENERGY INC ENERGY MSEPWR 09/34 FIXED 5 5.00% 09/01/2034 (1.0%). It is a distributing fund domiciled in the US.
What is the expense ratio of MUNI?
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.1B.
How are MUNI dividends taxed in India?
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 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 MUNI?
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 MUNI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.50, and there is no minimum trade size.
What happens to my MUNI 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.