Fidelity Enhanced Small Cap ETF
Fidelity Enhanced Small ETF (AMEX: FESM) is an exchange-traded fund listed on NYSE Arca, trading at $45.19 (about ₹4,251 a unit) as of 13 Nov 2026, 2:55 PM ET. It has an expense ratio of 0.28% and holds 632 securities. Indian residents can buy FESM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$44.77
Today's high
$45.55
52 week low
$34.83
52 week high
$48.93
FESM opened at $45.53, closed previously at $45.42, and has traded between $34.83 and $48.93 over the past 52 weeks.
About
This U.S. equity fund specializes in smaller companies, utilizing a structured and consistent process to identify those with strong, appealing characteristics.
Key statistics
Expense ratio
0.28%
Assets (AUM)
$6.7B
Holdings
632
NAV
$45.41
Avg. volume
1.05M
1-year price change
+21.17%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
FESM holds 632 securities in total. These 10 are 10.2% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy FESM from India
Indian residents can buy FESM 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 FESM 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 FESM and buy
Find the fund by its ticker, FESM, on NYSE Arca, 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 FESM position in USD and INR. FESM reinvests its income instead of paying it out, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying FESM 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
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- 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 FESM price today?
Fidelity Enhanced Small ETF (FESM) last traded at $45.19 on NYSE Arca, as of 13 Nov 2026, 2:55 PM ET. That is ₹4,251 a unit at the 12 Nov 2026 USD/INR rate.
When does FESM trade, in Indian time?
NYSE Arca 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 FESM, and what does it cost to hold?
Fidelity Enhanced Small ETF manages about $6.7B. Its expense ratio is 0.28% a year, deducted inside the fund. It launched in 2007.
What are FESM's largest holdings?
The top three are SECURITIES LENDING CF (2.8%), CASH CF (1.2%) and GLAUKOS CORP (1.0%). FESM's 10 largest positions make up 10.2% of the fund.
Does FESM pay dividends?
No. FESM is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on FESM taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of FESM?
Yes. You can buy FESM by amount rather than by whole unit, and there is no minimum trade size.
How has FESM performed?
FESM's price is up 21.2% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.