First Trust Multi-Manager Small Cap Opportunities ETF
First Trust Multi-Manager Small Opportunities ETF (AMEX: MMSC) is an exchange-traded fund listed on NYSE Arca, trading at $26.19 (about ₹2,469 a unit) as of 13 Nov 2026, 3:27 PM ET. It has an expense ratio of 0.95% and holds 190 securities. Indian residents can buy MMSC through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.88
Today's high
$26.20
52 week low
$22.18
52 week high
$29.62
MMSC opened at $25.88, closed previously at $26.34, and has traded between $22.18 and $29.62 over the past 52 weeks.
About
This Exchange Traded Fund (ETF) aims to achieve significant long-term appreciation in its capital. Under typical market circumstances, it allocates a minimum of 80% of its total assets, potentially including funds borrowed for investment, to equity securities issued by smaller companies. These small-capitalization firms are defined as those whose market value, at the time of initial investment, falls within the range of companies comprising the Russell 2000 Growth Index as established during its most recent rebalancing. The fund's holdings are primarily composed of common shares from corporations headquartered in the United States, in addition to non-U.S. companies whose stocks are principally traded on U.S. exchanges. Through a multi-manager strategy, the ETF endeavors to access the growth-oriented portion of the small-cap equity market by integrating the expertise of various portfolio management teams.
Key statistics
Expense ratio
0.95%
Assets (AUM)
$51.1M
Holdings
190
NAV
$26.20
Avg. volume
5.14K
1-year price change
+14.16%
5-year price change
+17.49%
Price change excludes dividends.
Top 10 holdings
MMSC holds 190 securities in total. These 10 are 15.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy MMSC from India
Indian residents can buy MMSC 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 MMSC 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 MMSC and buy
Find the fund by its ticker, MMSC, 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 MMSC position in USD and INR. MMSC 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 MMSC 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 MMSC price today?
First Trust Multi-Manager Small Opportunities ETF (MMSC) last traded at $26.19 on NYSE Arca, as of 13 Nov 2026, 3:27 PM ET. That is ₹2,469 a unit at the 13 Nov 2026 USD/INR rate.
When does MMSC 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 MMSC, and what does it cost to hold?
First Trust Multi-Manager Small Opportunities ETF manages about $51.1M. Its expense ratio is 0.95% a year, deducted inside the fund. It launched in 2021.
What are MMSC's largest holdings?
The top three are Xometry, Inc. (Class A) (2.0%), JFrog Ltd. (1.9%) and US Dollar (1.8%). MMSC's 10 largest positions make up 15.6% of the fund.
Does MMSC pay dividends?
No. MMSC is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on MMSC 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 MMSC?
Yes. You can buy MMSC by amount rather than by whole unit, and there is no minimum trade size.
How has MMSC performed?
MMSC's price is up 14.2% over the past year and up 17.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.