Thrivent ETF Trust - Thrivent Mid Cap Value ETF
Thrivent ETF Trust - Thrivent Mid Value ETF (AMEX: TMVE) is an exchange-traded fund listed on NYSE Arca, trading at $17.21 (about ₹1,651 a unit) as of 25 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.55% and holds 83 securities. Indian residents can buy TMVE through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$17.20
Today's high
$17.21
52 week low
$14.18
52 week high
$18.26
TMVE opened at $17.21, closed previously at $17.16, and has traded between $14.18 and $18.26 over the past 52 weeks.
About
TMVE invests in equity securities of US mid-cap companies that appear undervalued relative to their earnings potential, asset base, and long-term growth prospects. The strategy is based on fundamental analysis to identify mispriced opportunities. Additionally, the fund also utilizes features such as in-kind transactions and custom baskets to manage exposure efficiently. The strategy focuses on businesses trading at lower valuations that may offer greater growth potential as they mature from medium to large-cap firms. Note that these companies are more established than smaller ones and have the potential to grow quickly, though they carry greater risk than larger, more seasoned companies. Positions are sold to capture gains, limit losses, or reallocate capital toward more promising opportunities. TMVE converted from a mutual fund into an ETF structure, starting with $262 million in assets.
Key statistics
Expense ratio
0.55%
Assets (AUM)
$283.0M
Holdings
83
NAV
$17.15
Avg. volume
—
1-year price change
—
5-year price change
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Price change excludes dividends.
Top 10 holdings
TMVE holds 83 securities in total. These 10 are 19.5% of the fund.
Where the money is invested
Sectors
Countries
How to buy TMVE from India
Indian residents can buy TMVE 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 TMVE and buy
Find the fund by its ticker, TMVE, 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 TMVE from India
Trading and taxes when buying TMVE 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 TMVE price today?
Thrivent ETF Trust - Thrivent Mid Value ETF (TMVE) last traded at $17.21 on NYSE Arca, as of 25 Sep 2026, 3:59 PM ET. That is ₹1,651 a unit at the 25 Sep 2026 USD/INR rate.
When does TMVE 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 TMVE, and what does it cost to hold?
Thrivent ETF Trust - Thrivent Mid Value ETF manages about $283.0M. Its expense ratio is 0.55% a year, deducted inside the fund. It launched in 2020.
What are TMVE's largest holdings?
The top three are INTERCONTINENTAL EXCHANGE IN COMMON STOCK USD.01 (2.2%), M + T BANK CORP COMMON STOCK USD.5 (2.1%) and US BANCORP COMMON STOCK USD.01 (2.0%). TMVE's 10 largest positions make up 19.5% of the fund.
Does TMVE pay dividends?
No. TMVE is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on TMVE 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 TMVE?
Yes. You can buy TMVE by amount rather than by whole unit, and there is no minimum trade size.