NASDAQ · ETF
Invest in TAXE ETF from India
Indian and foreign residents can buy T. Rowe Price Intermediate Municipal ETF (TAXE) units directly through Paasa.
By Paasa · Updated
TAXE at a glance
- Price
- $48.53-$0.39 (0.79%)
- Expense ratio
- 0.24%
- Day range
- $48.48 – $48.76
- Assets
- $206.9M
- Domicile
- the US
- Holdings
- 200
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -4.03%
- 6 months
- -4.26%
- YTD
- -5.03%
- 1 year
- -4.58%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1PHILADELPHIA PA AUTH FOR INDL PHIMED 07/54 ADJUSTABLE VAR1.5%
- 2Cash/Cash equivalent USD1.1%
- 3PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.3291.1%
- 4MICHIGAN ST HOSP FIN AUTH MISMED 08/55 ADJUSTABLE VAR1.0%
- 5LOUISVILLE JEFFERSON CNTY KY LOUMED 10/56 ADJUSTABLE VAR0.9%
- 6SEATTLE WA MUNI LIGHT PWR RE SEAPWR 08/56 ADJUSTABLE VAR0.9%
- 7PUERTO RICO CMWLTH PRC 07/31 FIXED 5.750.8%
- 8UNIV OF COLORADO CO HOSP AUTH UCOMED 11/35 ADJUSTABLE VAR0.7%
- 9BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR0.7%
- 10DENVER CITY CNTY CO ARPT REV DENAPT 12/37 FIXED 50.7%
TAXE holds 200 securities in total. These 10 are 9.5% of the fund.
Where the money is invested
Sectors
- Municipal99.7%
- Corporate0.1%
Countries
- Other100.0%
How to invest in TAXE 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 TAXE and buy
Find the fund by its ticker, TAXE, 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 TAXE from India
What TAXE holds
The fund's core objective is to deliver the most substantial income possible, which is exempt from federal income taxes, while simultaneously aiming for a controlled level of price volatility.
Hold a dollar asset
TAXE 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 TAXE 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 TAXE from India?
Yes. Indian residents can buy T. Rowe Price Intermediate Municipal ETF (TAXE) 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 TAXE invest in?
T. Rowe Price Intermediate Municipal ETF holds 200 securities. Its largest holdings are PHILADELPHIA PA AUTH FOR INDL PHIMED 07/54 ADJUSTABLE VAR (1.5%), Cash/Cash equivalent USD (1.1%) and PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329 (1.1%). Corporate is its largest sector at 0.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of TAXE?
T. Rowe Price Intermediate Municipal ETF has an expense ratio of 0.24% a year, taken from the fund's assets rather than billed to you. The fund manages about $206.9M.
How are TAXE dividends taxed in India?
T. Rowe Price Intermediate 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 TAXE?
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 TAXE unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $48.53, and there is no minimum trade size.
What happens to my TAXE 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.