Invesco BulletShares 2027 Municipal Bond ETF
Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ: BSMR) is an exchange-traded fund listed on NASDAQ, trading at $23.54 (about ₹2,220 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.18% and holds 2,727 securities. Indian residents can buy BSMR through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.49
Today's high
$23.57
52 week low
$23.12
52 week high
$23.85
BSMR opened at $23.55, closed previously at $23.58, and has traded between $23.12 and $23.85 over the past 52 weeks.
About
The Invesco BulletShares 2027 Municipal Bond ETF (the Fund) is structured to mirror the performance of the Invesco BulletShares USD Municipal Bond 2027 Index (the Index). A minimum of 80% of the Fund's total capital will be allocated to municipal debt instruments included in this index. The Index itself is engineered to gauge the returns of a collection of US dollar-denominated municipal securities, which are issued by US state, state agencies, or local government bodies and all feature an effective maturity in 2027. To achieve its investment goals, the Fund utilizes a "sampling" methodology, rather than purchasing every single security in the Index. Both the Fund's portfolio and the Index's constituents undergo monthly adjustments. The Fund possesses a predetermined maturity year of 2027 and is slated to conclude its operations and liquidate around December 15, 2027. For additional comprehensive information, please refer to the official prospectus.
Key statistics
Expense ratio
0.18%
Assets (AUM)
$373.4M
Holdings
2,727
NAV
$23.49
Avg. volume
80.28K
1-year price change
-0.59%
5-year price change
-8.62%
Price change excludes dividends.
Top 10 holdings
BSMR holds 2,727 securities in total. These 10 are 4.4% of the fund.
Where the money is invested
Sectors
Countries
How to buy BSMR from India
Indian residents can buy BSMR units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in BSMR from India
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.
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.
Search BSMR and buy
Find the fund by its ticker, BSMR, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your BSMR position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying BSMR 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
FAQs
What is the BSMR price today?
Invesco BulletShares 2027 Municipal Bond ETF (BSMR) last traded at $23.54 on NASDAQ, as of 13 Nov 2026, 4:00 PM ET. That is ₹2,220 a unit at the 13 Nov 2026 USD/INR rate.
When does BSMR trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is BSMR, and what does it cost to hold?
Invesco BulletShares 2027 Municipal Bond ETF manages about $373.4M. Its expense ratio is 0.18% a year, deducted inside the fund. It launched in 2019.
What are BSMR's largest holdings?
The top three are USD Pending Dividends (1.3%), Chicago Board of Education Dedicated Capital Improvement Tax 6.00% 04/01/2046 (0.5%) and State of Illinois 5.00% 11/01/2027 (0.5%). BSMR's 10 largest positions make up 4.4% of the fund.
Does BSMR pay dividends?
Yes. BSMR 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 BSMR 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 BSMR?
Yes. You can buy BSMR by amount rather than by whole unit, and there is no minimum trade size.
How has BSMR performed?
BSMR's price is down 0.6% over the past year and down 8.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.