Invesco BulletShares 2028 Municipal Bond ETF
Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ: BSMS) is an exchange-traded fund listed on NASDAQ, trading at $22.80 (about ₹2,189 a unit) as of 30 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.18% and holds 2,360 securities. Indian residents can buy BSMS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.71
Today's high
$22.83
52 week low
$22.63
52 week high
$23.70
BSMS opened at $22.74, closed previously at $22.64, and has traded between $22.63 and $23.70 over the past 52 weeks.
About
The Invesco BulletShares 2028 Municipal Bond ETF (the Fund) is designed to track the performance of the Invesco BulletShares USD Municipal Bond 2028 Index. The Fund commits a minimum of 80% of its total assets to municipal debt instruments that are part of this benchmark index. The Index itself aims to reflect the returns of a diversified collection of U.S. dollar-denominated municipal securities, which are issued by U.S. states, their agencies, or local governmental bodies, and all possess an effective maturity date in 2028. Instead of acquiring every security within the Index, the Fund implements a "sampling" methodology to work towards its investment goals. Both the Fund's portfolio and the Index's composition undergo monthly adjustments. This Fund features a predetermined maturity year of 2028 and is scheduled to cease operations around December 15, 2028. For complete details, consult the prospectus.
Key statistics
Expense ratio
0.18%
Assets (AUM)
$326.2M
Holdings
2,360
NAV
$22.65
Avg. volume
—
1-year price change
-2.64%
5-year price change
-12.64%
Price change excludes dividends.
Top 10 holdings
BSMS holds 2,360 securities in total. These 10 are 4.7% of the fund.
How to buy BSMS from India
Indian residents can buy BSMS 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.
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 BSMS and buy
Find the fund by its ticker, BSMS, 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 BSMS from India
Trading and taxes when buying BSMS 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 BSMS price today?
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) last traded at $22.80 on NASDAQ, as of 30 Sep 2026, 4:00 PM ET. That is ₹2,189 a unit at the 30 Sep 2026 USD/INR rate.
When does BSMS 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 BSMS, and what does it cost to hold?
Invesco BulletShares 2028 Municipal Bond ETF manages about $326.2M. Its expense ratio is 0.18% a year, deducted inside the fund. It launched in 2019.
What are BSMS's largest holdings?
The top three are USD Pending Dividends (1.3%), State of Illinois 5.00% 11/01/2028 (0.5%) and Texas Water Development Board 5.00% 04/15/2049 (0.5%). BSMS's 10 largest positions make up 4.7% of the fund.
Does BSMS pay dividends?
Yes. BSMS 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 BSMS 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 BSMS?
Yes. You can buy BSMS by amount rather than by whole unit, and there is no minimum trade size.
How has BSMS performed?
BSMS' price is down 2.6% over the past year and down 12.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.