Franklin Small Cap Enhanced ETF
Franklin Small Enhanced ETF (AMEX: FSML) is an exchange-traded fund listed on NYSE Arca, trading at $29.10 (about ₹2,743 a unit) as of 13 Nov 2026, 3:01 PM ET. It has an expense ratio of 0.45%. Indian residents can buy FSML through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$29.10
Today's high
$29.10
52 week low
$23.90
52 week high
$31.18
FSML opened at $29.10, closed previously at $29.03, and has traded between $23.90 and $31.18 over the past 52 weeks.
About
FSML provides exposure to US small capitalization equities through a portfolio constructed using fundamental and quantitative inputs. The fund invests primarily in small cap companies that are selected based on valuation, quality, and other company specific characteristics, with the aim of capturing long term capital growth. Portfolio positioning reflects an assessment of relative opportunities across the small cap universe rather than tracking a market capitalization weighted index. Holdings and weights may shift over time as company fundamentals and market conditions evolve, resulting in a portfolio that can differ meaningfully from broad small cap benchmarks.
Key statistics
Expense ratio
0.45%
Assets (AUM)
$151.0M
Holdings
—
NAV
$28.96
Avg. volume
4.21K
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 13.5% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy FSML from India
Indian residents can buy FSML 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 FSML 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 FSML and buy
Find the fund by its ticker, FSML, 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 FSML position in USD and INR. FSML 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 FSML 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 FSML price today?
Franklin Small Enhanced ETF (FSML) last traded at $29.10 on NYSE Arca, as of 13 Nov 2026, 3:01 PM ET. That is ₹2,743 a unit at the 13 Nov 2026 USD/INR rate.
When does FSML 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 FSML, and what does it cost to hold?
Franklin Small Enhanced ETF manages about $151.0M. Its expense ratio is 0.45% a year, deducted inside the fund. It launched in 2025.
What are FSML's largest holdings?
The top three are BOX INC - CLASS A (1.6%), EXPONENT INC (1.4%) and HINGE HEALTH INC-A (1.4%). FSML's 10 largest positions make up 13.5% of the fund.
Does FSML pay dividends?
No. FSML is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on FSML 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 FSML?
Yes. You can buy FSML by amount rather than by whole unit, and there is no minimum trade size.