Invesco BulletShares 2032 Municipal Bond ETF
Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ: BSMW) is an exchange-traded fund listed on NASDAQ, trading at $23.65 (about ₹2,269 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.18% and holds 1,913 securities. Indian residents can buy BSMW through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.58
Today's high
$23.77
52 week low
$23.56
52 week high
$25.57
BSMW opened at $23.77, closed previously at $23.76, and has traded between $23.56 and $25.57 over the past 52 weeks.
About
The Invesco BulletShares 2032 Municipal Bond ETF (BSMW) aims to mirror the performance of the Invesco BulletShares USD Municipal Bond 2032 Index. This ETF allocates at least 80% of its total assets to municipal bonds that are part of the underlying index. The benchmark index itself is designed to track a collection of US dollar-denominated municipal securities. These bonds are issued by U.S. state, state agencies, or local governments and all share effective maturities in 2032. Instead of acquiring every security in the index, the Fund utilizes a "sampling" approach to fulfill its investment objective. Both the Fund and its corresponding index undergo monthly rebalancing. BSMW is structured with a definitive maturity year of 2032 and is scheduled to terminate on or about December 15, 2032. For more detailed information, consult the prospectus.
Key statistics
Expense ratio
0.18%
Assets (AUM)
$210.8M
Holdings
1,913
NAV
$23.68
Avg. volume
—
1-year price change
-5.06%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
BSMW holds 1,913 securities in total. These 10 are 4.7% of the fund.
Where the money is invested
Countries
How to buy BSMW from India
Indian residents can buy BSMW 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 BSMW and buy
Find the fund by its ticker, BSMW, 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 BSMW from India
Trading and taxes when buying BSMW 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 BSMW price today?
Invesco BulletShares 2032 Municipal Bond ETF (BSMW) last traded at $23.65 on NASDAQ, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,269 a unit at the 25 Sep 2026 USD/INR rate.
When does BSMW 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 BSMW, and what does it cost to hold?
Invesco BulletShares 2032 Municipal Bond ETF manages about $210.8M. Its expense ratio is 0.18% a year, deducted inside the fund. It launched in 2023.
What are BSMW's largest holdings?
The top three are USD Pending Dividends (1.3%), Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 (0.5%) and New York City Municipal Water Finance Authority 5.25% 06/15/2052 (0.5%). BSMW's 10 largest positions make up 4.7% of the fund.
Does BSMW pay dividends?
Yes. BSMW 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 BSMW 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 BSMW?
Yes. You can buy BSMW by amount rather than by whole unit, and there is no minimum trade size.
How has BSMW performed?
BSMW's price is down 5.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.