NASDAQ · ETF
Invest in PCMM ETF from India
Indian and foreign residents can buy Bondbloxx ETF Trust - Bondbloxx Private Credit CLO ETF (PCMM) units directly through Paasa.
By Paasa · Updated
PCMM at a glance
- Price
- $50.04+$0.12 (0.24%)
- Expense ratio
- 0.68%
- Day range
- $49.65 – $50.04
- Assets
- $270.5M
- Domicile
- the US
- Holdings
- 84
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- +0.42%
- 6 months
- +0.70%
- YTD
- -0.12%
- 1 year
- -0.46%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1CASHUSD4.7%
- 2ANTR 2023-1A BR V/R 07/25/373.7%
- 3WDMNT 2022-9A A1 V/R 10/25/363.2%
- 4MFCLO 1A CR V/R 10/23/372.4%
- 5DPATH 2023-1A A1 V/R 04/15/372.2%
- 6MCMML 2022-2A CR V/R 10/24/342.2%
- 7ANTR 2019-2A A1R V/R 07/23/382.2%
- 8MCMML 2022-2AR C V/R 10/24/382.2%
- 9LSHR 2021-1A AR V/R 01/15/371.9%
- 10SPCSL 2025-1A A2 V/R 04/20/381.9%
PCMM holds 84 securities in total. These 10 are 26.7% of the fund.
Where the money is invested
Sectors
- Securitized93.2%
- Corporate2.3%
Countries
- United States46.9%
- Cayman Islands37.3%
- United Kingdom9.6%
- Other6.2%
How to invest in PCMM 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 PCMM and buy
Find the fund by its ticker, PCMM, 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 PCMM from India
What PCMM holds
PCMM is an actively managed ETF that focuses on private credit collateralized loan obligations (CLOs). It primarily invests in loans to private companies, which may be U.S. or non-U.S. senior secured or subordinated corporate loans.
Hold a dollar asset
PCMM 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 PCMM 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 PCMM from India?
Yes. Indian residents can buy Bondbloxx ETF Trust - Bondbloxx Private Credit CLO ETF (PCMM) 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 PCMM invest in?
Bondbloxx ETF Trust - Bondbloxx Private Credit CLO ETF holds 84 securities. Its largest holdings are CASHUSD (4.7%), ANTR 2023-1A BR V/R 07/25/37 (3.7%) and WDMNT 2022-9A A1 V/R 10/25/36 (3.2%). Securitized is its largest sector at 93.2%. It is a distributing fund domiciled in the US.
What is the expense ratio of PCMM?
Bondbloxx ETF Trust - Bondbloxx Private Credit CLO ETF has an expense ratio of 0.68% a year, taken from the fund's assets rather than billed to you. The fund manages about $270.5M.
How are PCMM dividends taxed in India?
Bondbloxx ETF Trust - Bondbloxx Private Credit CLO 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 PCMM?
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 PCMM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.04, and there is no minimum trade size.
What happens to my PCMM 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.