Morgan Stanley Pathway Funds - Small-Mid Cap Equity ETF
Morgan Stanley Pathway Funds - Small-Mid Equity ETF (AMEX: MSSM) is an exchange-traded fund listed on NYSE Arca, trading at $56.93 (about ₹5,469 a unit) as of 29 Sep 2026, 3:38 PM ET. It has an expense ratio of 0.89%. Indian residents can buy MSSM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$56.66
Today's high
$57.24
52 week low
$48.51
52 week high
$62.08
MSSM opened at $57.24, closed previously at $57.06, and has traded between $48.51 and $62.08 over the past 52 weeks.
About
MSSM primarily invests in equity securities of mid- and small-cap companies or other investments with similar economic characteristics. The fund defines these companies as those with market caps not exceeding the highest month-end market cap value of any stock in the Russell 2500 or Russell Mid Cap Index for the previous 12 months. To construct the portfolio, the fund employs a multi-manager strategy, with portions of the fund allocated to professional money managers who are responsible for investing the fund's assets. The fund may allocate up to 10% of its assets in foreign securities not traded on a US exchange or the US over-the-counter market. To generate additional income, the fund may lend portfolio securities. On December 9, 2024, MSSM converted from a mutual fund to an ETF structure, starting with $499 million in assets.
Key statistics
Expense ratio
0.89%
Assets (AUM)
$686.9M
Holdings
—
NAV
$57.01
Avg. volume
—
1-year price change
+12.44%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 7.3% of the fund.
Where the money is invested
Sectors
Countries
How to buy MSSM from India
Indian residents can buy MSSM 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 MSSM and buy
Find the fund by its ticker, MSSM, 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 MSSM from India
Trading and taxes when buying MSSM 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 MSSM price today?
Morgan Stanley Pathway Funds - Small-Mid Equity ETF (MSSM) last traded at $56.93 on NYSE Arca, as of 29 Sep 2026, 3:38 PM ET. That is ₹5,469 a unit at the 29 Sep 2026 USD/INR rate.
When does MSSM 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 MSSM, and what does it cost to hold?
Morgan Stanley Pathway Funds - Small-Mid Equity ETF manages about $686.9M. Its expense ratio is 0.89% a year, deducted inside the fund. It launched in 1991.
What are MSSM's largest holdings?
The top three are CASH (1.6%), DYNATRACE INC (0.9%) and ASCENDIS PHARMA A/S (0.7%). MSSM's 10 largest positions make up 7.3% of the fund.
Does MSSM pay dividends?
No. MSSM is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on MSSM 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 MSSM?
Yes. You can buy MSSM by amount rather than by whole unit, and there is no minimum trade size.
How has MSSM performed?
MSSM's price is up 12.4% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.