NYSE Arca · ETF
Invest in PVI ETF from India
Indian and foreign residents can buy Invesco Floating Rate Municipal ETF (PVI) units directly through Paasa.
By Paasa · Updated
PVI at a glance
- Price
- $24.82-$0.04 (0.16%)
- Expense ratio
- 0.25%
- Day range
- $24.82 – $24.90
- Assets
- $31.0M
- Domicile
- the US
- Holdings
- 151
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -0.12%
- 6 months
- -0.32%
- YTD
- -0.20%
- 1 year
- -0.28%
- 5 years
- -0.24%
Price change, excluding dividends.
Top 10 holdings
- 1New York City Municipal Water Finance Authority 3.45% 06/15/20464.4%
- 2New York City Housing Development Corp 3.30% 10/15/20413.9%
- 3State of Texas 3.40% 06/01/20462.9%
- 4New York City Transitional Finance Authority Future Tax Secured Revenue 3.20% 11/01/20362.3%
- 5Florida Keys Aqueduct Authority 3.30% 09/01/20352.3%
- 6Connecticut Housing Finance Authority 3.40% 11/15/20502.3%
- 7Illinois Finance Authority 3.35% 11/01/20382.2%
- 8Metropolitan Transportation Authority 3.40% 11/01/20321.9%
- 9Board of Regents of the University of Texas System 3.35% 08/01/20391.6%
- 10City of Houston TX Combined Utility System Revenue 3.39% 05/15/20341.6%
PVI holds 151 securities in total. These 10 are 25.3% of the fund.
Where the money is invested
Countries
- Other100.0%
How to invest in PVI 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 PVI and buy
Find the fund by its ticker, PVI, 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 PVI from India
What PVI holds
The Invesco Floating Rate Municipal Income ETF (PVI) aims to replicate the performance of the ICE US Municipal AMT-Free VRDO Constrained Index. This Fund typically allocates a minimum of 80% of its total assets to U.S. dollar-denominated, tax-exempt variable rate demand obligations (VRDOs).
Hold a dollar asset
PVI 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 PVI 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 PVI from India?
Yes. Indian residents can buy Invesco Floating Rate Municipal ETF (PVI) 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 PVI invest in?
Invesco Floating Rate Municipal ETF holds 151 securities. Its largest holdings are New York City Municipal Water Finance Authority 3.45% 06/15/2046 (4.4%), New York City Housing Development Corp 3.30% 10/15/2041 (3.9%) and State of Texas 3.40% 06/01/2046 (2.9%). It is a distributing fund domiciled in the US.
What is the expense ratio of PVI?
Invesco Floating Rate Municipal ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $31.0M.
How are PVI dividends taxed in India?
Invesco Floating Rate Municipal 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 PVI?
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 PVI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.82, and there is no minimum trade size.
What happens to my PVI 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.