NASDAQ · ETF
Invest in MYCI ETF from India
Indian and foreign residents can buy State Street My2029 Corporate Bond ETF (MYCI) units directly through Paasa.
By Paasa · Updated
MYCI at a glance
- Price
- $24.26+$0.02 (0.10%)
- Expense ratio
- 0.15%
- Day range
- $24.23 – $24.27
- Assets
- $38.9M
- Domicile
- the US
- Holdings
- 204
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -1.52%
- 6 months
- -1.96%
- YTD
- -3.10%
- 1 year
- -3.25%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ORACLE CORP SR UNSECURED 02/29 4.552.2%
- 2LAS VEGAS SANDS CORP SR UNSECURED 08/29 3.92.0%
- 3PHILIP MORRIS INTL INC SR UNSECURED 11/29 5.6251.8%
- 4TOLL BROS FINANCE CORP COMPANY GUAR 11/29 3.81.8%
- 5BOEING CO/THE SR UNSECURED 05/29 6.2981.7%
- 6WELLS FARGO + COMPANY SR UNSECURED 01/29 4.151.5%
- 7APOLLO DEBT SOLUTIONS BD SR UNSECURED 04/29 6.91.5%
- 8CENTENE CORP SR UNSECURED 07/28 2.451.5%
- 9ABBVIE INC SR UNSECURED 11/29 3.21.4%
- 10L3HARRIS TECH INC SR UNSECURED 06/29 5.051.3%
MYCI holds 204 securities in total. These 10 are 16.5% of the fund.
Where the money is invested
Countries
- United States92.7%
- Japan1.3%
- Other1.2%
- Canada1.1%
- Luxembourg1.0%
- United Kingdom0.8%
How to invest in MYCI 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 MYCI and buy
Find the fund by its ticker, MYCI, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in MYCI from India
What MYCI holds
The State Street My2029 Corporate Bond ETF operates with an active management strategy, focusing its investments primarily on corporate bonds scheduled to mature in the year 2029. This fund is structured to liquidate and distribute any remaining principal around December 15, 2029.
Hold a dollar asset
MYCI 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 MYCI 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 MYCI from India?
Yes. Indian residents can buy State Street My2029 Corporate Bond ETF (MYCI) through Paasa. It is listed on NASDAQ 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 MYCI invest in?
State Street My2029 Corporate Bond ETF holds 204 securities. Its largest holdings are ORACLE CORP SR UNSECURED 02/29 4.55 (2.2%), LAS VEGAS SANDS CORP SR UNSECURED 08/29 3.9 (2.0%) and PHILIP MORRIS INTL INC SR UNSECURED 11/29 5.625 (1.8%). It is a distributing fund domiciled in the US.
What is the expense ratio of MYCI?
State Street My2029 Corporate Bond ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $38.9M.
How are MYCI dividends taxed in India?
State Street My2029 Corporate Bond 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 MYCI?
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 MYCI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.26, and there is no minimum trade size.
What happens to my MYCI 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.