VictoryShares US Small Mid Cap Value Momentum ETF
VictoryShares US Small Mid Value Momentum ETF (NASDAQ: USVM) is an exchange-traded fund listed on NASDAQ, trading at $106.56 (about ₹10,009 a unit) as of 10 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.22% and holds 296 securities. Indian residents can buy USVM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$105.51
Today's high
$106.66
52 week low
$86.52
52 week high
$112.66
USVM opened at $105.86, closed previously at $106.51, and has traded between $86.52 and $112.66 over the past 52 weeks.
About
The fund endeavors to replicate the investment outcomes of the Nasdaq Victory US Small Mid Cap Value Momentum Index, excluding any deductions for operational fees and expenses. This benchmark index strategically targets equity securities issued by small and mid-cap companies. These selected firms are characterized by their pronounced value and momentum attributes. Furthermore, the index aims to balance moderate portfolio turnover with reduced price volatility when juxtaposed against more conventional capitalization-weighted indexes.
Key statistics
Expense ratio
0.22%
Assets (AUM)
$1.9B
Holdings
296
NAV
$106.48
Avg. volume
48.47K
1-year price change
+18.63%
5-year price change
+40.23%
Price change excludes dividends.
Top 10 holdings
USVM holds 296 securities in total. These 10 are 6.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy USVM from India
Indian residents can buy USVM 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 USVM 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 USVM and buy
Find the fund by its ticker, USVM, on NASDAQ, 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 USVM position in USD and INR. USVM 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 USVM 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 USVM price today?
VictoryShares US Small Mid Value Momentum ETF (USVM) last traded at $106.56 on NASDAQ, as of 10 Nov 2026, 4:00 PM ET. That is ₹10,009 a unit at the 9 Nov 2026 USD/INR rate.
When does USVM trade, in Indian time?
NASDAQ 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 USVM, and what does it cost to hold?
VictoryShares US Small Mid Value Momentum ETF manages about $1.9B. Its expense ratio is 0.22% a year, deducted inside the fund. It launched in 2017.
What are USVM's largest holdings?
The top three are PINNACLE WEST CAPITAL (0.8%), SOUTHWEST GAS HOLDINGS IN (0.7%) and KITE REALTY GROUP TRUST (0.7%). USVM's 10 largest positions make up 6.9% of the fund.
Does USVM pay dividends?
No. USVM is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on USVM 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 USVM?
Yes. You can buy USVM by amount rather than by whole unit, and there is no minimum trade size.
How has USVM performed?
USVM's price is up 18.6% over the past year and up 40.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.