Eaton Vance Short Duration Municipal Income ETF
Eaton Vance Short Duration Municipal ETF (AMEX: EVSM) is an exchange-traded fund listed on NYSE Arca, trading at $49.25 (about ₹4,724 a unit) as of 25 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.19% and holds 393 securities. Indian residents can buy EVSM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$49.22
Today's high
$49.37
52 week low
$49.22
52 week high
$50.88
EVSM opened at $49.37, closed previously at $49.32, and has traded between $49.22 and $50.88 over the past 52 weeks.
About
The Eaton Vance Short Duration Municipal Income ETF (EVSM) operates under an active management strategy, focusing primarily on municipal debt instruments that offer federal tax exemptions. While its typical allocation is to investment-grade municipal obligations, the fund's objective is to maintain a dollar-weighted average portfolio duration of less than three years. However, this does not preclude the inclusion of individual securities with any maturity length. The investment adviser's primary criteria for selecting securities include evaluating the credit quality of the issuer and assessing the bond's value proposition within the market. Furthermore, Environmental, Social, and Governance (ESG) considerations are incorporated into the decision-making process. Due to its active management approach, EVSM holds the flexibility to occasionally invest a portion of its assets in bonds that are subject to regular federal income tax, as well as in higher-yielding, non-investment grade (junk) bonds.
Key statistics
Expense ratio
0.19%
Assets (AUM)
$840.2M
Holdings
393
NAV
$49.20
Avg. volume
—
1-year price change
-2.61%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
EVSM holds 393 securities in total. These 10 are 10.5% of the fund.
Where the money is invested
Countries
How to buy EVSM from India
Indian residents can buy EVSM 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 EVSM and buy
Find the fund by its ticker, EVSM, on NYSE Arca, 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 EVSM from India
Trading and taxes when buying EVSM 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 EVSM price today?
Eaton Vance Short Duration Municipal ETF (EVSM) last traded at $49.25 on NYSE Arca, as of 25 Sep 2026, 3:59 PM ET. That is ₹4,724 a unit at the 25 Sep 2026 USD/INR rate.
When does EVSM trade, in Indian time?
NYSE Arca 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 EVSM, and what does it cost to hold?
Eaton Vance Short Duration Municipal ETF manages about $840.2M. Its expense ratio is 0.19% a year, deducted inside the fund. It launched in 2018.
What are EVSM's largest holdings?
The top three are BLACKROCK LIQUIDITY FUNDS (1.7%), CHARLOTTE-MECKL VAR 01/38 (1.1%) and GAINESVILLE FLA VAR 10/42 (1.0%). EVSM's 10 largest positions make up 10.5% of the fund.
Does EVSM pay dividends?
Yes. EVSM 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 EVSM 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 EVSM?
Yes. You can buy EVSM by amount rather than by whole unit, and there is no minimum trade size.
How has EVSM performed?
EVSM's price is down 2.6% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.