NASDAQ · ETF
Invest in TXCA ETF from India
Indian and foreign residents can buy Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) units directly through Paasa.
By Paasa · Updated
TXCA at a glance
- Price
- $50.97+$1.91 (3.89%)
- Expense ratio
- 0.06%
- Day range
- $50.97 – $51.00
- Assets
- $7.7M
- Domicile
- the US
- Holdings
- 302
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1CASH2.0%
- 2BAY AREA TOLL AUTH CALIF TOLL BRDG REV SR VARIABLE1.3%
- 3BAY AREA TOLL AUTH CALIF TOLL BRDG REV BDS 2026 F10.8%
- 4LOS ANGELES CALIF MUN IMPT CORP LEASE REV REF BDS0.8%
- 5LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV SYS0.7%
- 6CALIFORNIA EDL FACS AUTH REV REV BDS U-70.7%
- 7LOS ANGELES CALIF UNI SCH DIST GEN OBLIG BDS QRRUS0.7%
- 8CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY0.7%
- 9CENTRAL VY ENERGY AUTH CALIF COMMODITY SUPPLY REV0.7%
- 10CALIFORNIA ST PUB WKS BRD LEASE REV BDS 2026D0.7%
TXCA holds 302 securities in total. These 10 are 9.0% of the fund.
Where the money is invested
Sectors
- Municipal98.3%
Countries
- United States99.8%
- Sweden0.2%
How to invest in TXCA 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 TXCA and buy
Find the fund by its ticker, TXCA, 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 TXCA from India
What TXCA holds
Northern Trust California Intermediate Tax-Exempt Bond ETF is an exchange-traded fund that seeks to track the performance of an index of investment-grade California municipal bonds with intermediate-term maturities. The fund primarily invests in California state and local government and agency debt securities whose interest is generally exempt from regular federal income tax and California state personal income tax.
Hold a dollar asset
TXCA 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 TXCA 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 TXCA from India?
Yes. Indian residents can buy Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) 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 TXCA invest in?
Northern Trust California Intermediate Tax-Exempt Bond ETF holds 302 securities. Its largest holdings are CASH (2.0%), BAY AREA TOLL AUTH CALIF TOLL BRDG REV SR VARIABLE (1.3%) and BAY AREA TOLL AUTH CALIF TOLL BRDG REV BDS 2026 F1 (0.8%). Municipal is its largest sector at 98.3%. It is a distributing fund domiciled in the US.
What is the expense ratio of TXCA?
Northern Trust California Intermediate Tax-Exempt Bond ETF has an expense ratio of 0.06% a year, taken from the fund's assets rather than billed to you. The fund manages about $7.7M.
How are TXCA dividends taxed in India?
Northern Trust California Intermediate 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 TXCA?
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 TXCA unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $50.97, and there is no minimum trade size.
What happens to my TXCA 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.