NYSE Arca · ETF
Invest in TAXX ETF from India
Indian and foreign residents can buy BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) units directly through Paasa.
By Paasa · Updated
TAXX at a glance
- Price
- $49.85+$0.10 (0.19%)
- Expense ratio
- 0.35%
- Day range
- $49.79 – $49.89
- Assets
- $282.5M
- Domicile
- the US
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -1.38%
- 6 months
- -1.40%
- YTD
- -1.58%
- 1 year
- -2.22%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US T BILL ZCP 11/12/262.0%
- 2SAN ANTONIO TX EL V/R 02/01/561.9%
- 3NEW YORK CITY NY T 5% 07/15/341.6%
- 4TEXAS ST MUNI GAS V/R 01/01/541.3%
- 5PHOENIX AZ INDL D V/R 02/01/591.3%
- 6SCHERTZ-CIBOLO-UN V/R 02/01/561.3%
- 7ATLANTA GA URBAN V/R 12/01/291.2%
- 8FORT BEND TX INDE V/R 08/01/561.1%
- 9INDIANA ST FIN AU V/R 10/01/641.1%
- 10HARRIS CNTY TX MUN 4% 03/01/321.0%
These 10 are 13.7% of the fund.
Where the money is invested
Sectors
- Financial Services0.8%
Countries
- Other89.5%
- United States9.8%
- Canada0.7%
How to invest in TAXX 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 TAXX and buy
Find the fund by its ticker, TAXX, 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 TAXX from India
What TAXX holds
The BondBloxx IR+M Tax-Aware Short Duration ETF operates as an actively managed exchange-traded fund, meaning it does not aim to mirror the performance of any specific market index. Instead, its investment strategy dictates that, under typical market conditions, a minimum of 80% of its total capital (inclusive of any funds acquired through borrowing for investment purposes) will be allocated to a diversified collection of U.S. dollar-denominated, high-quality (investment-grade) fixed-income debt securities.
Hold a dollar asset
TAXX 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 TAXX 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 TAXX from India?
Yes. Indian residents can buy BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) 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 TAXX invest in?
Its largest holdings are US T BILL ZCP 11/12/26 (2.0%), SAN ANTONIO TX EL V/R 02/01/56 (1.9%) and NEW YORK CITY NY T 5% 07/15/34 (1.6%). Financial Services is its largest sector at 0.8%. It is a distributing fund domiciled in the US.
What is the expense ratio of TAXX?
BondBloxx IR+M Tax-Aware Short Duration ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $282.5M.
How are TAXX dividends taxed in India?
BondBloxx IR+M Tax-Aware Short Duration 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 TAXX?
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 TAXX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.85, and there is no minimum trade size.
What happens to my TAXX 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.