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
- $51.32-$0.18 (0.35%)
- Expense ratio
- 0.05%
- Day range
- $51.26 – $51.33
- Assets
- $198.6M
- Domicile
- the US
- Holdings
- 3,270
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- +4.02%
- 6 months
- -0.32%
- YTD
- -0.22%
- 1 year
- -0.28%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1CASH1.3%
- 2COLORADO EDL & CULTURAL FACS AUTH REV BDS 2026A0.2%
- 3CENTENNIAL AUTH N C REV BDS 2026 08/JUL/20260.2%
- 4DALLAS TEX GO REF IMPT BDS 2024C 19/DEC/20240.2%
- 5SAN ANTONIO TEX ELEC & GAS REV JR LIEN SYS REF BDS0.2%
- 6BURKE CNTY GA DEV AUTH POLLUTN CTL REV BDS 2017C0.2%
- 7BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV REF0.2%
- 8CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX0.1%
- 9RICHLAND CNTY S C SCH DIST NO 002 GO BDS 2023A0.1%
- 10SHELBY CNTY TENN GO PUB IMPT SCH BDS 2025A0.1%
TAXT holds 3,270 securities in total. These 10 are 2.8% of the fund.
Where the money is invested
Countries
- United States100.0%
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 3,270 securities. Its largest holdings are CASH (1.3%), COLORADO EDL & CULTURAL FACS AUTH REV BDS 2026A (0.2%) and CENTENNIAL AUTH N C REV BDS 2026 08/JUL/2026 (0.2%). 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 $198.6M.
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 $51.32, 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.