New Mountain Finance Corporation
New Mountain Finance Corporation (NASDAQ: NMFC) is trading at $6.96, about ₹668 at today's USD/INR rate, as of 25 Sep 2026, 10:44 AM ET, down 0.78% today. Indian residents can buy New Mountain Finance from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$6.94
Today's high
$7.04
52 week low
$6.73
52 week high
$9.87
NMFC opened at $6.99, closed previously at $7.01, and has traded between $6.73 and $9.87 over the past 52 weeks.
About
New Mountain Finance Corporation (NMFC), a Nasdaq-listed business development company (BDC), operates as both a private equity and lending vehicle. It specializes in providing capital through direct investments and loans to middle-market companies, with a particular emphasis on those operating in stable, "defensive growth" sectors. The firm actively seeks out opportunities in buyouts and established middle-market businesses. NMFC deploys capital across various levels of a company's capital structure. This includes investing in debt instruments such as first and second lien debt, unsecured notes, and mezzanine securities. Occasionally, the firm's investments may also involve acquiring equity interests. Its investment strategy is focused exclusively on the United States. The fund targets a diverse array of industries, including but not limited to: energy, specialty chemicals and materials, trading companies and distributors, commercial printing, various support and professional services (diversified, education, environmental, facilities, office, business, federal), media, distribution and logistics, interactive home entertainment, telecommunication services, and several aspects of healthcare (services, facilities, technology). It also invests in different forms of power generation (hydroelectric, fossil fuels, nuclear) and security and alarm services. New Mountain Finance Corporation typically commits between $10 million and $50 million per transaction. Its investment sourcing involves both directly originating new deals and purchasing existing assets through open-market secondary transactions. The firm looks for companies with EBITDA ranging from $10 million to $200 million and aims for an investment hold size of up to $125 million. A key objective for the fund is to secure a majority ownership stake in its portfolio companies.
Key statistics
Avg. volume
565.74K
Market cap
$656.92M
P/E Ratio
-14.49
Price-to-sales ratio
3.83
Enterprise value
$1.94B
Free cash flow yield
100.55%
Debt-to-equity ratio
1.31
Return on equity
-4.28%
ROIC
1.33%
Beta
0.63
Dividend yield
16.39%
Last dividend
$1.21
Financial overview
Revenue
$138.56M
Earnings per share
$0.16
Free cash flow
$378.98M
Net profit margin
-28.24%
Gross margin
71.78%
EBITDA
$17.40M
Revenue growth
-57.99%
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This is not an investment recommendation
How to buy New Mountain Finance from India
Indian residents can buy New Mountain Finance shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for New Mountain Finance and place an order
Find New Mountain Finance by name or by its ticker, NMFC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. New Mountain Finance trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your New Mountain Finance position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in New Mountain Finance from India
Trading and taxes when buying New Mountain Finance from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. New Mountain Finance’s current yield is 16.39%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy New Mountain Finance stock?
Yes. New Mountain Finance (NMFC) has been listed on NASDAQ since 2011, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one New Mountain Finance share cost in rupees?
One New Mountain Finance share is $6.96 — about ₹668 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the New Mountain Finance price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying New Mountain Finance from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of New Mountain Finance?
Yes. One New Mountain Finance share is $6.96, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in New Mountain Finance.
How are gains on New Mountain Finance shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the New Mountain Finance price. Paasa issues a capital-gains statement for your return.
Does New Mountain Finance pay a dividend, and how is it taxed in India?
Yes. New Mountain Finance pays a dividend and the current yield is 16.39%; the last declared dividend was $1.21 per share, about ₹116.18. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade New Mountain Finance from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on New Mountain Finance shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare New Mountain Finance shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your New Mountain Finance holding, its cost and its closing value.
How do I sell New Mountain Finance and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.