NYSE Arca · ETF
Invest in TAXM ETF from India
Indian and foreign residents can buy BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) units directly through Paasa.
By Paasa · Updated
TAXM at a glance
- Price
- $47.40+$0.35 (0.74%)
- Expense ratio
- 0.35%
- Day range
- $47.27 – $47.46
- Assets
- $41.8M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -4.15%
- 6 months
- -4.34%
- YTD
- -5.67%
- 1 year
- -5.37%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1MASSACHUSETTS ST D 5% 07/01/312.0%
- 2MASSACHUSETTS ST D 5% 12/01/362.0%
- 3MASSACHUSETTS S 5.25% 07/01/561.9%
- 4HAYS TX CONSOL IND 5% 08/15/511.8%
- 5MASSACHUSETTS ST D 5% 01/01/331.8%
- 6GTR FALL RIVER MA 5% 06/01/551.8%
- 7DOUGLAS CNTY G 4.375% 09/01/361.8%
- 8SOUTHEAST ENERG 5.25% 11/01/321.7%
- 9NORTH ATTLEBOROUGH 4% 03/15/431.7%
- 10PUBLIC FIN AUTH WI 4% 08/01/361.7%
These 10 are 18.2% of the fund.
Where the money is invested
Countries
- United States100.1%
How to invest in TAXM 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 TAXM and buy
Find the fund by its ticker, TAXM, 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 TAXM from India
What TAXM holds
Under typical conditions, this fund dedicates a minimum of 80% of its overall holdings – which encompasses both its own assets and any capital leveraged for investment purposes – to high-quality, U.S. dollar-denominated fixed-income debt securities. These investments are made either directly or indirectly, potentially through the use of derivative instruments.
Hold a dollar asset
TAXM 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 TAXM 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 TAXM from India?
Yes. Indian residents can buy BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) 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 TAXM invest in?
Its largest holdings are MASSACHUSETTS ST D 5% 07/01/31 (2.0%), MASSACHUSETTS ST D 5% 12/01/36 (2.0%) and MASSACHUSETTS S 5.25% 07/01/56 (1.9%). It is a distributing fund domiciled in the US.
What is the expense ratio of TAXM?
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $41.8M.
How are TAXM dividends taxed in India?
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents 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 TAXM?
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 TAXM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $47.40, and there is no minimum trade size.
What happens to my TAXM 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.