NASDAQ · ETF
Invest in MYCK ETF from India
Indian and foreign residents can buy State Street My2031 Corporate Bond ETF (MYCK) units directly through Paasa.
By Paasa · Updated
MYCK at a glance
- Price
- $23.87-$0.01 (0.04%)
- Expense ratio
- 0.15%
- Day range
- $23.81 – $23.88
- Assets
- $26.4M
- Domicile
- the US
- Holdings
- 167
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -2.53%
- 6 months
- -3.36%
- YTD
- -5.05%
- 1 year
- -5.13%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1GENERAL MOTORS FINL CO COMPANY GUAR 06/31 5.62.6%
- 2L3HARRIS TECH INC SR UNSECURED 06/31 5.252.5%
- 3BOEING CO/THE SR UNSECURED 05/31 6.3882.4%
- 4PHILIP MORRIS INTL INC SR UNSECURED 02/31 5.1252.2%
- 5BANK OF MONTREAL SR UNSECURED 06/31 5.5112.2%
- 6SUMISHO AIR LEASE CORP SR UNSECURED 144A 03/31 4.852.1%
- 7BANCO SANTANDER SA 04/31 4.8672.0%
- 8CVS HEALTH CORP SR UNSECURED 06/31 5.551.9%
- 9BUNGE LTD FINANCE CORP COMPANY GUAR 05/31 2.751.9%
- 10PACIFIC GAS + ELECTRIC SR SECURED 06/31 3.251.9%
MYCK holds 167 securities in total. These 10 are 21.9% of the fund.
Where the money is invested
Countries
- United States99.7%
- Other0.3%
How to invest in MYCK 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 MYCK and buy
Find the fund by its ticker, MYCK, 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 MYCK from India
What MYCK holds
The State Street My2031 Corporate Bond ETF (MYCK) is an actively managed exchange-traded fund structured with a defined maturity. It primarily invests in corporate bonds scheduled to mature in 2031 and is designed to distribute all remaining principal and cease operations around December 15, 2031.
Hold a dollar asset
MYCK 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 MYCK 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 MYCK from India?
Yes. Indian residents can buy State Street My2031 Corporate Bond ETF (MYCK) 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 MYCK invest in?
State Street My2031 Corporate Bond ETF holds 167 securities. Its largest holdings are GENERAL MOTORS FINL CO COMPANY GUAR 06/31 5.6 (2.6%), L3HARRIS TECH INC SR UNSECURED 06/31 5.25 (2.5%) and BOEING CO/THE SR UNSECURED 05/31 6.388 (2.4%). It is a distributing fund domiciled in the US.
What is the expense ratio of MYCK?
State Street My2031 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 $26.4M.
How are MYCK dividends taxed in India?
State Street My2031 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 MYCK?
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 MYCK unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.87, and there is no minimum trade size.
What happens to my MYCK 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.