NYSE Arca · ETF
Invest in RMOP ETF from India
Indian and foreign residents can buy Rockefeller Opportunistic Municipal Bond ETF (RMOP) units directly through Paasa.
By Paasa · Updated
RMOP at a glance
- Price
- $23.42+$0.22 (0.96%)
- Expense ratio
- 0.8%
- Day range
- $23.35 – $23.55
- Assets
- $450.7M
- Domicile
- the US
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -5.61%
- 6 months
- -5.84%
- YTD
- -6.44%
- 1 year
- -6.10%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Medical University Hospital Authority 5.25% 11/15/20542.5%
- 2Salt River Project Agricultural Improvement & Power District 5.5% 01/01/20572.2%
- 3Worthington City School District 5.5% 12/01/20542.2%
- 4Massachusetts Port Authority 5.25% 07/01/20562.2%
- 5Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.25% 05/15/20592.1%
- 6Crandall Independent School District 5% 08/15/20542.1%
- 7New York State Dormitory Authority 5% 03/15/20552.1%
- 8Port of Port Arthur Navigation District 3.15% 04/01/20401.9%
- 9Texas Transportation Finance Corp 5.5% 10/01/20551.8%
- 10Tarrant County Cultural Education Facilities Finance Corp 5% 11/15/20551.8%
These 10 are 21.0% of the fund.
Where the money is invested
Countries
- Other100.0%
How to invest in RMOP 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 RMOP and buy
Find the fund by its ticker, RMOP, 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 RMOP from India
What RMOP holds
The Rockefeller Opportunistic Municipal Bond ETF (RMOP) is an actively managed exchange-traded fund designed with a two-fold aim: to generate current income that is exempt from federal income tax and to foster long-term capital appreciation. To achieve these goals, the fund primarily allocates its investments to municipal bonds.
Hold a dollar asset
RMOP 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 RMOP 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 RMOP from India?
Yes. Indian residents can buy Rockefeller Opportunistic Municipal Bond ETF (RMOP) 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 RMOP invest in?
Its largest holdings are Medical University Hospital Authority 5.25% 11/15/2054 (2.5%), Salt River Project Agricultural Improvement & Power District 5.5% 01/01/2057 (2.2%) and Worthington City School District 5.5% 12/01/2054 (2.2%). It is a distributing fund domiciled in the US.
What is the expense ratio of RMOP?
Rockefeller Opportunistic Municipal Bond ETF has an expense ratio of 0.8% a year, taken from the fund's assets rather than billed to you. The fund manages about $450.7M.
How are RMOP dividends taxed in India?
Rockefeller Opportunistic Municipal 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 RMOP?
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 RMOP unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.42, and there is no minimum trade size.
What happens to my RMOP 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.