NYSE Arca · ETF
Invest in MUNJ ETF from India
Indian and foreign residents can buy Northern Trust 2031 Tax-Exempt Ladder ETF (MUNJ) units directly through Paasa.
By Paasa · Updated
MUNJ at a glance
- Price
- $99.75+$0.00 (0.00%)
- Expense ratio
- 0.18%
- Day range
- $97.84 – $99.75
- Assets
- $5.0M
- Domicile
- the US
- Holdings
- 170
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1TRI-VALLEY SCH DIST NO 49-6 S D LTD TAX CAP OUTLAY2.6%
- 2CASH2.4%
- 3SALT LAKE CNTY UTAH GO BDS 2019 18/DEC/20192.2%
- 4LOVEJOY INDPT SCH DIST TEX UNLTD TAX BLDG BDS 20252.0%
- 5PIERCE & KING CNTYS WASH SCH DIST NO 417 FIFE ULTD1.6%
- 6DISTRICT COLUMBIA INCOME TAX REV SECD BDS 2020 C1.6%
- 7WISCONSIN ST GO REF BDS 2024 1 14/MAR/20241.5%
- 8CHARLESTON S C WTRWKS & SWR REV REF SYS BDS 20211.4%
- 9CLEVELAND TEX INDPT SCH DIST UNLTD TAX REF BDS1.2%
- 10CANYONS SCH DIST UTAH GO REF BDS 2021 B1.2%
MUNJ holds 170 securities in total. These 10 are 17.6% of the fund.
Where the money is invested
Countries
- United States97.6%
- Other2.4%
How to invest in MUNJ 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 MUNJ and buy
Find the fund by its ticker, MUNJ, 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 MUNJ from India
What MUNJ holds
The fund holds a portfolio of high-quality municipal bonds with staggered maturity dates. It is designed to help investors manage future income needs and long-term goals while seeking to minimize taxes.
Hold a dollar asset
MUNJ 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 MUNJ 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 MUNJ from India?
Yes. Indian residents can buy Northern Trust 2031 Tax-Exempt Ladder ETF (MUNJ) 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 MUNJ invest in?
Northern Trust 2031 Tax-Exempt Ladder ETF holds 170 securities. Its largest holdings are TRI-VALLEY SCH DIST NO 49-6 S D LTD TAX CAP OUTLAY (2.6%), CASH (2.4%) and SALT LAKE CNTY UTAH GO BDS 2019 18/DEC/2019 (2.2%). It is a distributing fund domiciled in the US.
What is the expense ratio of MUNJ?
Northern Trust 2031 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 $5.0M.
How are MUNJ dividends taxed in India?
Northern Trust 2031 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 MUNJ?
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 MUNJ unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $99.75, and there is no minimum trade size.
What happens to my MUNJ 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.