Thrivent Small-Mid Cap Equity ETF
Thrivent Small-Mid Equity ETF (AMEX: TSME) is an exchange-traded fund listed on NYSE Arca, trading at $45.85 (about ₹4,405 a unit) as of 28 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.65% and holds 67 securities. Indian residents can buy TSME through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$45.54
Today's high
$46.15
52 week low
$38.38
52 week high
$52.37
TSME opened at $45.93, closed previously at $46.37, and has traded between $38.38 and $52.37 over the past 52 weeks.
About
Under ordinary market circumstances, this fund primarily allocates its investments to companies whose market value falls within the scope of well-recognized small and mid-capitalization benchmarks. These benchmarks include, but are not limited to, the Russell 2500 Index, the S&P MidCap 400 Index, the S&P SmallCap 600 Index, and Morningstar's classifications for small- to medium-sized enterprises.
Key statistics
Expense ratio
0.65%
Assets (AUM)
$879.9M
Holdings
67
NAV
$45.78
Avg. volume
—
1-year price change
+11.07%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
TSME holds 67 securities in total. These 10 are 21.4% of the fund.
Where the money is invested
Sectors
Countries
How to buy TSME from India
Indian residents can buy TSME 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 TSME and buy
Find the fund by its ticker, TSME, 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 TSME from India
Trading and taxes when buying TSME 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 TSME price today?
Thrivent Small-Mid Equity ETF (TSME) last traded at $45.85 on NYSE Arca, as of 28 Sep 2026, 4:00 PM ET. That is ₹4,405 a unit at the 28 Sep 2026 USD/INR rate.
When does TSME 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 TSME, and what does it cost to hold?
Thrivent Small-Mid Equity ETF manages about $879.9M. Its expense ratio is 0.65% a year, deducted inside the fund. It launched in 2022.
What are TSME's largest holdings?
The top three are SSC GOVERNMENT MM GVMXX (2.8%), LSI INDUSTRIES INC COMMON STOCK (2.2%) and RYDER SYSTEM INC COMMON STOCK USD.5 (2.2%). TSME's 10 largest positions make up 21.4% of the fund.
Does TSME pay dividends?
No. TSME is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on TSME 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 TSME?
Yes. You can buy TSME by amount rather than by whole unit, and there is no minimum trade size.
How has TSME performed?
TSME's price is up 11.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.