Invesco BulletShares 2029 Municipal Bond ETF
Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ: BSMT) is an exchange-traded fund listed on NASDAQ, trading at $22.27 (about ₹2,138 a unit) as of 25 Sep 2026, 3:35 PM ET. It has an expense ratio of 0.18% and holds 2,003 securities. Indian residents can buy BSMT through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.20
Today's high
$22.32
52 week low
$22.22
52 week high
$23.41
BSMT opened at $22.30, closed previously at $22.31, and has traded between $22.22 and $23.41 over the past 52 weeks.
About
This exchange-traded fund, the Invesco BulletShares 2029 Municipal Bond ETF (BSMT), is designed to mirror the performance of the Invesco BulletShares USD Municipal Bond 2029 Index. The Fund allocates at least 80% of its total investments to the municipal debt instruments that constitute its underlying benchmark. The index itself aims to reflect the returns of a basket of US dollar-denominated municipal securities, originated by US state, state agencies, or local governmental bodies, all maturing effectively in the year 2029. Rather than purchasing every security in the index, BSMT employs a 'sampling' approach to pursue its investment objective. Both the Fund's holdings and the Index's composition undergo rebalancing on a monthly basis. With a predetermined maturity year of 2029, the Fund is slated to cease operations on approximately December 15, 2029. For comprehensive information, please refer to the official prospectus.
Key statistics
Expense ratio
0.18%
Assets (AUM)
$286.3M
Holdings
2,003
NAV
$22.37
Avg. volume
—
1-year price change
-3.80%
5-year price change
-14.77%
Price change excludes dividends.
Top 10 holdings
BSMT holds 2,003 securities in total. These 10 are 4.8% of the fund.
How to buy BSMT from India
Indian residents can buy BSMT 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 BSMT and buy
Find the fund by its ticker, BSMT, 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 BSMT from India
Trading and taxes when buying BSMT 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 BSMT price today?
Invesco BulletShares 2029 Municipal Bond ETF (BSMT) last traded at $22.27 on NASDAQ, as of 25 Sep 2026, 3:35 PM ET. That is ₹2,138 a unit at the 24 Sep 2026 USD/INR rate.
When does BSMT 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 BSMT, and what does it cost to hold?
Invesco BulletShares 2029 Municipal Bond ETF manages about $286.3M. Its expense ratio is 0.18% a year, deducted inside the fund. It launched in 2019.
What are BSMT's largest holdings?
The top three are USD Pending Dividends (1.2%), Triborough Bridge & Tunnel Authority 5.00% 02/01/2029 (0.5%) and Triborough Bridge & Tunnel Authority 5.00% 03/15/2029 (0.5%). BSMT's 10 largest positions make up 4.8% of the fund.
Does BSMT pay dividends?
Yes. BSMT 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 BSMT 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 BSMT?
Yes. You can buy BSMT by amount rather than by whole unit, and there is no minimum trade size.
How has BSMT performed?
BSMT's price is down 3.8% over the past year and down 14.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.