NYSE Arca · ETF
Invest in TAFL ETF from India
Indian and foreign residents can buy Alliance Bernstein - AB Tax-Aware Long Municipal ETF (TAFL) units directly through Paasa.
By Paasa · Updated
TAFL at a glance
- Price
- $23.52-$0.11 (0.49%)
- Expense ratio
- 0.28%
- Day range
- $23.48 – $23.62
- Assets
- $61.9M
- Domicile
- the US
- Holdings
- 129
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -4.70%
- 6 months
- -4.55%
- YTD
- -6.22%
- 1 year
- -5.73%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/54 FIXED 52.9%
- 2PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 12/65 FIXED OID 5.752.5%
- 3CHICAGO IL WTRWKS REVENUE CHIWTR 11/61 FIXED 5.252.4%
- 4BS3DP98 IRS USD R V 12MUSCPI IS3DPA9 CCPINFLATIONZERO2.3%
- 5CLACKAMAS WASHINGTON CNTYS O CLASCD 06/46 FIXED 52.0%
- 6ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 5872.0%
- 7NEW YORK ST DORM AUTH ST PERSO NYSGEN 03/55 FIXED 51.9%
- 8SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/54 FIXED 5.251.9%
- 9SS3CXV3 IRS USD R F 4.40450 IS3CXV3 CCPOIS1.8%
- 10CALIFORNIA ST MUNI FIN AUTH RE CASFIN 09/56 FIXED 61.7%
TAFL holds 129 securities in total. These 10 are 21.4% of the fund.
Where the money is invested
Countries
- United States99.7%
- Other0.3%
How to invest in TAFL 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 TAFL and buy
Find the fund by its ticker, TAFL, 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 TAFL from India
What TAFL holds
This exchange-traded fund (ETF) is dynamically managed and focuses on investments in municipal bonds with extended maturities. Its core objective is to deliver both robust income and compelling after-tax returns, all while accounting for the associated risks.
Hold a dollar asset
TAFL 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 TAFL 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 TAFL from India?
Yes. Indian residents can buy Alliance Bernstein - AB Tax-Aware Long Municipal ETF (TAFL) 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 TAFL invest in?
Alliance Bernstein - AB Tax-Aware Long Municipal ETF holds 129 securities. Its largest holdings are TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/54 FIXED 5 (2.9%), PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 12/65 FIXED OID 5.75 (2.5%) and CHICAGO IL WTRWKS REVENUE CHIWTR 11/61 FIXED 5.25 (2.4%). It is a distributing fund domiciled in the US.
What is the expense ratio of TAFL?
Alliance Bernstein - AB Tax-Aware Long Municipal ETF has an expense ratio of 0.28% a year, taken from the fund's assets rather than billed to you. The fund manages about $61.9M.
How are TAFL dividends taxed in India?
Alliance Bernstein - AB Tax-Aware Long 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 TAFL?
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 TAFL unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.52, and there is no minimum trade size.
What happens to my TAFL 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.