Inspire Small/Mid Cap ETF
Inspire Small/Mid ETF (AMEX: ISMD) is an exchange-traded fund listed on NYSE Arca, trading at $46.60 (about ₹4,477 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.53% and holds 11 securities. Indian residents can buy ISMD through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$46.21
Today's high
$46.77
52 week low
$35.81
52 week high
$51.58
ISMD opened at $46.77, closed previously at $46.71, and has traded between $35.81 and $51.58 over the past 52 weeks.
About
The Inspire Small/Mid Cap ETF strategically allocates its capital to American companies of small and medium market capitalization. These enterprises are rigorously selected for their inspiring qualities and adherence to biblical principles, requiring an Inspire Impact Score of zero or greater.
Key statistics
Expense ratio
0.53%
Assets (AUM)
$319.3M
Holdings
11
NAV
$46.61
Avg. volume
—
1-year price change
+20.23%
5-year price change
+29.77%
Price change excludes dividends.
Top 10 holdings
ISMD holds 11 securities in total. These 10 are 4.8% of the fund.
Where the money is invested
Sectors
Countries
How to buy ISMD from India
Indian residents can buy ISMD 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 ISMD and buy
Find the fund by its ticker, ISMD, 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 ISMD from India
Trading and taxes when buying ISMD 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
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 ISMD price today?
Inspire Small/Mid ETF (ISMD) last traded at $46.60 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹4,477 a unit at the 28 Sep 2026 USD/INR rate.
When does ISMD 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 ISMD, and what does it cost to hold?
Inspire Small/Mid ETF manages about $319.3M. Its expense ratio is 0.53% a year, deducted inside the fund. It launched in 2017.
What are ISMD's largest holdings?
The top three are BBH SWEEP VEHICLE (1.5%), TWIST BIOSCIENCE (0.4%) and UTZ BRANDS INC (0.4%). ISMD's 10 largest positions make up 4.8% of the fund.
Does ISMD pay dividends?
No. ISMD is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on ISMD 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 ISMD?
Yes. You can buy ISMD by amount rather than by whole unit, and there is no minimum trade size.
How has ISMD performed?
ISMD's price is up 20.2% over the past year and up 29.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.