Schwab U.S. Mid-Cap ETF
Schwab U.S. Mid- ETF (AMEX: SCHM) is an exchange-traded fund listed on NYSE Arca, trading at $35.45 (about ₹3,334 a unit) as of 9 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.03% and holds 503 securities. Indian residents can buy SCHM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$34.70
Today's high
$35.61
52 week low
$28.25
52 week high
$36.92
SCHM opened at $34.80, closed previously at $34.39, and has traded between $28.25 and $36.92 over the past 52 weeks.
About
This investment vehicle aims to replicate, with utmost precision, the overall performance generated by the Dow Jones U.S. Mid-Cap Total Stock Market Index, prior to the deduction of any administrative fees and operational expenses.
Key statistics
Expense ratio
0.03%
Assets (AUM)
$14.6B
Holdings
503
NAV
$34.40
Avg. volume
1.86M
1-year price change
+20.29%
5-year price change
+27.66%
Price change excludes dividends.
Top 10 holdings
SCHM holds 503 securities in total. These 10 are 4.8% of the fund.
Where the money is invested
Sectors
Countries
How to buy SCHM from India
Indian residents can buy SCHM 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 SCHM 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 SCHM and buy
Find the fund by its ticker, SCHM, 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 SCHM position in USD and INR. SCHM 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 SCHM 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 SCHM price today?
Schwab U.S. Mid- ETF (SCHM) last traded at $35.45 on NYSE Arca, as of 9 Nov 2026, 4:00 PM ET. That is ₹3,334 a unit at the 8 Nov 2026 USD/INR rate.
When does SCHM 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 SCHM, and what does it cost to hold?
Schwab U.S. Mid- ETF manages about $14.6B. Its expense ratio is 0.03% a year, deducted inside the fund. It launched in 2011.
What are SCHM's largest holdings?
The top three are OKTA CLASS A (0.6%), UNITED THERAPEUTICS (0.5%) and OMNICOM GROUP INC (0.5%). SCHM's 10 largest positions make up 4.8% of the fund.
Does SCHM pay dividends?
No. SCHM is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on SCHM 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 SCHM?
Yes. You can buy SCHM by amount rather than by whole unit, and there is no minimum trade size.
How has SCHM performed?
SCHM's price is up 20.3% over the past year and up 27.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.