MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF
MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (NYSE: MFSM) is an exchange-traded fund listed on the New York Stock Exchange, trading at $23.50 (about ₹2,257 a unit) as of 30 Sep 2026, 3:28 PM ET. It has an expense ratio of 0.34%. Indian residents can buy MFSM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.44
Today's high
$23.53
52 week low
$23.11
52 week high
$25.55
MFSM opened at $23.44, closed previously at $23.39, and has traded between $23.11 and $25.55 over the past 52 weeks.
About
MFSM is an actively managed fund that seeks total return with an emphasis on income exempt from federal income tax. It includes intermediate-term US municipal bonds whose interests are tax-exempt but subject to the federal alternative minimum tax. The fund primarily invests in investment grade quality debt instruments but may also include high-yield bonds. Its dollar-weighted average effective maturity ranges between three and ten years. To construct the portfolio, the fund uses a bottom-up investment approach, selecting investments based on fundamental analysis of individual instruments and their issuers. The adviser also considers top-down factors in structuring the fund. A significant percentage of the portfolio may be allocated to issuers in a single state, territory, or possession and 25% or more to municipal bonds that finance similar types of projects. The fund may use derivatives to adjust market and interest rate exposure or as alternatives to direct investments.
Key statistics
Expense ratio
0.34%
Assets (AUM)
$89.2M
Holdings
—
NAV
$23.33
Avg. volume
—
1-year price change
-5.72%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 9.8% of the fund.
Where the money is invested
Countries
How to buy MFSM from India
Indian residents can buy MFSM 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 MFSM and buy
Find the fund by its ticker, MFSM, on the New York Stock Exchange, 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 MFSM from India
Trading and taxes when buying MFSM 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 MFSM price today?
MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) last traded at $23.50 on the New York Stock Exchange, as of 30 Sep 2026, 3:28 PM ET. That is ₹2,257 a unit at the 29 Sep 2026 USD/INR rate.
When does MFSM trade, in Indian time?
The New York Stock Exchange 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 MFSM, and what does it cost to hold?
MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF manages about $89.2M. Its expense ratio is 0.34% a year, deducted inside the fund. It launched in 2024.
What are MFSM's largest holdings?
The top three are Cash & Cash Equivalents (3.5%), MINNESOTAST HSG FIN AGY (1.0%) and CALIFORNIACMNTY CHOICE FING A (0.8%). MFSM's 10 largest positions make up 9.8% of the fund.
Does MFSM pay dividends?
Yes. MFSM 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 MFSM 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 MFSM?
Yes. You can buy MFSM by amount rather than by whole unit, and there is no minimum trade size.
How has MFSM performed?
MFSM's price is down 5.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.