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BKMSNASDAQMarket openCloses 4:00pm ET

BNY Mellon Municipal Short Duration ETF

$25.02Last updated
+$0.10 (0.39%)Past day
Timezone

BNY Mellon Municipal Short Duration ETF (NASDAQ: BKMS) is an exchange-traded fund listed on NASDAQ, trading at $25.02 (about ₹2,403 a unit) as of 30 Sep 2026, 2:15 PM ET. It has an expense ratio of 0.35% and holds 253 securities. Indian residents can buy BKMS through Paasa under the RBI's Liberalised Remittance Scheme.

Quote

Open:$24.95
Previous close:$24.92
Volume:78.37K

Today's low

$24.95

Today's high

$25.06

52 week low

$24.89

52 week high

$25.81

BKMS opened at $24.95, closed previously at $24.92, and has traded between $24.89 and $25.81 over the past 52 weeks.

About

This fund endeavors to produce significant current income that is exempt from federal taxation, prioritizing the protection of invested capital. To accomplish this, it typically commits a minimum of 80% of its net assets, including any leveraged funds, to municipal bonds that generate income free from U.S. federal income tax. The portfolio primarily comprises municipal and taxable bonds that carry an investment-grade rating (specifically Baa3/BBB- or higher) at the point of acquisition, or, if unrated, are judged to be of equivalent quality by Insight North America LLC, the fund's sub-adviser. The average effective duration of the fund's assets is structured to remain at or below three years. Nevertheless, the fund maintains the flexibility to acquire individual municipal and taxable bonds across all maturities or durations. Duration serves as an indicator of an investment's "interest rate risk," illustrating its susceptibility to changes in interest rates. Generally, a longer duration signifies increased sensitivity to interest rate movements, which can lead to more pronounced long-term risk and return outcomes. Being a liquid exchange-traded fund (ETF), it facilitates investor trading of shares during all market operating hours.

Issuer
BNY Mellon
Exchange listed on
NASDAQ
Asset class
Fixed Income
Base currency
USD
Domicile
United States
Dividends
Distributing
Launched
2000
ISIN
US05613H6053

Key statistics

Expense ratio

0.35%

Assets (AUM)

$428.0M

Holdings

253

NAV

$24.94

Avg. volume

—

1-year price change

—

5-year price change

—

Price change excludes dividends.

Top 10 holdings

1. RHODE ISLAND ST HLTH 5 5/15/2027
2.3%
2. TARRANT CO EDU FACS-B FRN 11/15/2064
1.8%
3. SOUTHEAST ENERGY AUTH FRN 5/1/2053
1.7%
4. DASNY-SER-2-A FRN 7/1/2048
1.4%
5. CT HLTH & EDUCTNL-B-1 FRN 7/1/2064
1.3%
6. PHILADELPHIA HSG-A 5 3/1/2029
1.2%
7. NEW YORK CITY-F-1-REF 5 8/1/2030
1.2%
8. PVT CLG UNIV AUTH-A 5 9/1/2029
1.2%
9. NEW YORK CITY-B-1-REF 5 8/1/2029
1.2%
10. VIRGINIA ST CMWLTH-A 5 5/15/2031
1.2%

BKMS holds 253 securities in total. These 10 are 14.6% of the fund.

How to buy BKMS from India

Indian residents can buy BKMS units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.

  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.

  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.

  3. Search BKMS and buy

    Find the fund by its ticker, BKMS, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.

Read the full guide: how to invest in BKMS from India

Trading and taxes when buying BKMS 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
Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Dividends
Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.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. Units 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

What is the BKMS price today?

BNY Mellon Municipal Short Duration ETF (BKMS) last traded at $25.02 on NASDAQ, as of 30 Sep 2026, 2:15 PM ET. That is ₹2,403 a unit at the 29 Sep 2026 USD/INR rate.

When does BKMS trade, in Indian time?

NASDAQ trades 7:00 pm – 1:30 am IST, 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.

How big is BKMS, and what does it cost to hold?

BNY Mellon Municipal Short Duration ETF manages about $428.0M. Its expense ratio is 0.35% a year, deducted inside the fund. It launched in 2000.

What are BKMS's largest holdings?

The top three are RHODE ISLAND ST HLTH 5 5/15/2027 (2.3%), TARRANT CO EDU FACS-B FRN 11/15/2064 (1.8%) and SOUTHEAST ENERGY AUTH FRN 5/1/2053 (1.7%). BKMS's 10 largest positions make up 14.6% of the fund.

Does BKMS pay dividends?

Yes. BKMS is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.

How are gains on BKMS taxed in India?

Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.

Can I buy fractional units of BKMS?

Yes. You can buy BKMS by amount rather than by whole unit, and there is no minimum trade size.