NASDAQ · ETF
Invest in TAXT ETF from India
Indian and foreign residents can buy Northern Trust Tax-Exempt Bond ETF (TAXT) units directly through Paasa.
By Paasa · Updated
TAXT at a glance
- Price
- $49.06-$0.20 (0.40%)
- Expense ratio
- 0.05%
- Day range
- $49.00 – $49.23
- Assets
- $74.7M
- Domicile
- the US
- Holdings
- 1,627
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -3.74%
- 6 months
- -4.06%
- YTD
- -4.60%
- 1 year
- -3.99%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1CASH1.3%
- 2UNIVERSITY CALIF REVS GEN REGT BDS 2022 BK0.4%
- 3NEW YORK ST URBAN DEV CORP REV ST PERSONAL INCOME0.4%
- 4NEW YORK ST TWY AUTH ST PERS INCOME TAX REV BDS0.3%
- 5SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN0.3%
- 6CALIFORNIA ST UNIV REV SYS WIDE BDS 2024 A0.3%
- 7METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN0.2%
- 8SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY0.2%
- 9CLARK CNTY NEV HWY IMPT REV BDS 2023 07/JUN/20230.2%
- 10INDIANAPOLIS IND LOC PUB IMPT BD BK CMNTY JUSTICE0.2%
TAXT holds 1,627 securities in total. These 10 are 3.8% of the fund.
Where the money is invested
Countries
- United States98.7%
- Other1.4%
How to invest in TAXT 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 TAXT and buy
Find the fund by its ticker, TAXT, 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 TAXT from India
What TAXT holds
This passively managed ETF is designed for investors seeking tax-exempt income from investment-grade municipal bonds. Its primary goal is to closely track the price and yield performance, before fees and expenses, of the ICE All Maturity Focused Municipal Bond Index.
Hold a dollar asset
TAXT 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 TAXT 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 TAXT from India?
Yes. Indian residents can buy Northern Trust Tax-Exempt Bond ETF (TAXT) 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 TAXT invest in?
Northern Trust Tax-Exempt Bond ETF holds 1,627 securities. Its largest holdings are CASH (1.3%), UNIVERSITY CALIF REVS GEN REGT BDS 2022 BK (0.4%) and NEW YORK ST URBAN DEV CORP REV ST PERSONAL INCOME (0.4%). It is a distributing fund domiciled in the US.
What is the expense ratio of TAXT?
Northern Trust Tax-Exempt Bond ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about $74.7M.
How are TAXT dividends taxed in India?
Northern Trust Tax-Exempt 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 TAXT?
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 TAXT unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.06, and there is no minimum trade size.
What happens to my TAXT 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.