Putnam ETF Trust - Franklin Massachusetts Municipal Income ETF
Putnam ETF Trust - Franklin Massachusetts Municipal ETF (AMEX: FTMA) is an exchange-traded fund listed on NYSE Arca, trading at $8.48 (about ₹815 a unit) as of 28 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.35% and holds 187 securities. Indian residents can buy FTMA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$8.45
Today's high
$8.52
52 week low
$8.12
52 week high
$9.21
FTMA opened at $8.52, closed previously at $8.56, and has traded between $8.12 and $9.21 over the past 52 weeks.
About
FTMA aims for a high level of current income exempt from federal income tax and Massachusetts personal income tax believed to be consistent with capital preservation. The fund invests mainly in investment grade municipal bonds with intermediate- to long-term maturities (three years or longer). Investments may include general obligation bonds, revenue obligation bonds, and tender option bonds. The fund targets at least 80% tax-exempt investments issued by the US government and its agencies. Interest income from private activity bonds may be subject to federal AMT for individuals. The fund may invest up to 25% in junk bonds but limits this exposure by avoiding bonds rated lower than BB. FTMA considers various factors, such as credit, interest rate, and prepayment risks, as well as general market conditions. Prior to Nov. 10, 2025, the fund was called Putnam Massachusetts Tax Exempt Income Fund before converting to an actively managed ETF structure, starting with $239.5 million.
Key statistics
Expense ratio
0.35%
Assets (AUM)
$290.7M
Holdings
187
NAV
$8.55
Avg. volume
—
1-year price change
—
5-year price change
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Price change excludes dividends.
Top 10 holdings
FTMA holds 187 securities in total. These 10 are 19.3% of the fund.
Where the money is invested
Sectors
Countries
How to buy FTMA from India
Indian residents can buy FTMA 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 FTMA and buy
Find the fund by its ticker, FTMA, 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 FTMA from India
Trading and taxes when buying FTMA 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 FTMA price today?
Putnam ETF Trust - Franklin Massachusetts Municipal ETF (FTMA) last traded at $8.48 on NYSE Arca, as of 28 Sep 2026, 3:59 PM ET. That is ₹815 a unit at the 28 Sep 2026 USD/INR rate.
When does FTMA 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 FTMA, and what does it cost to hold?
Putnam ETF Trust - Franklin Massachusetts Municipal ETF manages about $290.7M. Its expense ratio is 0.35% a year, deducted inside the fund. It launched in 1989.
What are FTMA's largest holdings?
The top three are PUTNAM GOVT MMKT FND-P (4.7%), MA CMWLTH-A 5 6/55 (1.9%) and MA DEV WGBH EDL 5.75 1/42 (1.9%). FTMA's 10 largest positions make up 19.3% of the fund.
Does FTMA pay dividends?
Yes. FTMA 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 FTMA 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 FTMA?
Yes. You can buy FTMA by amount rather than by whole unit, and there is no minimum trade size.