Invesco S&P MidCap 400 QVM Multi-factor ETF
Invesco S&P MidCap 400 QVM Multi-factor ETF (AMEX: QVMM) is an exchange-traded fund listed on NYSE Arca, trading at $33.67 (about ₹3,234 a unit) as of 29 Sep 2026, 12:17 PM ET. It has an expense ratio of 0.15% and holds 360 securities. Indian residents can buy QVMM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$33.48
Today's high
$33.67
52 week low
$29.00
52 week high
$36.71
QVMM opened at $33.59, closed previously at $33.64, and has traded between $29.00 and $36.71 over the past 52 weeks.
About
The Invesco S&P MidCap 400 QVM Multi-factor ETF, referred to as the Fund, is designed to closely track the performance of its underlying benchmark, the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index. Typically, the Fund allocates a minimum of 90% of its total assets to the common equity securities that make up this Index. The Index itself is curated to reflect the returns of a specific selection of companies chosen from the wider S&P MidCap 400 Index. These companies are identified based on their strong exhibition of three key investment characteristics: quality, value, and momentum. Both the Fund's holdings and the Index composition are reviewed and adjusted every three months, specifically during March, June, September, and December.
Key statistics
Expense ratio
0.15%
Assets (AUM)
$413.6M
Holdings
360
NAV
$33.93
Avg. volume
—
1-year price change
+11.27%
5-year price change
+37.88%
Price change excludes dividends.
Top 10 holdings
QVMM holds 360 securities in total. These 10 are 8.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy QVMM from India
Indian residents can buy QVMM 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 QVMM and buy
Find the fund by its ticker, QVMM, 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 QVMM from India
Trading and taxes when buying QVMM 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
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit 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 QVMM price today?
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) last traded at $33.67 on NYSE Arca, as of 29 Sep 2026, 12:17 PM ET. That is ₹3,234 a unit at the 29 Sep 2026 USD/INR rate.
When does QVMM 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 QVMM, and what does it cost to hold?
Invesco S&P MidCap 400 QVM Multi-factor ETF manages about $413.6M. Its expense ratio is 0.15% a year, deducted inside the fund. It launched in 2021.
What are QVMM's largest holdings?
The top three are Twilio Inc (1.5%), Okta Inc (1.1%) and TechnipFMC PLC (0.9%). QVMM's 10 largest positions make up 8.6% of the fund.
Does QVMM pay dividends?
Yes. QVMM is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on QVMM 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 QVMM?
Yes. You can buy QVMM by amount rather than by whole unit, and there is no minimum trade size.
How has QVMM performed?
QVMM's price is up 11.3% over the past year and up 37.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.