VictoryShares Short-Duration Municipal ETF
VictoryShares Short-Duration Municipal ETF (NASDAQ: VMSD) is an exchange-traded fund listed on NASDAQ, trading at $25.03 (about ₹2,404 a unit) as of 29 Sep 2026, 7:30 PM ET. It has an expense ratio of 0.62%. Indian residents can buy VMSD through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.99
Today's high
$25.04
52 week low
$24.89
52 week high
$25.06
VMSD opened at $25.00, closed previously at $24.98, and has traded between $24.89 and $25.06 over the past 52 weeks.
About
VictoryShares Short-Duration Municipal ETF is an exchange-traded fund that seeks to provide interest income exempt from federal income tax. The fund primarily invests in investment-grade municipal securities and generally maintains a short-duration portfolio, with an effective duration targeted within two years of the Bloomberg Municipal Bond 3 Year (2-4) Total Return Index.
Key statistics
Expense ratio
0.62%
Assets (AUM)
$22.5M
Holdings
—
NAV
$24.96
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 54.2% of the fund.
Where the money is invested
Countries
How to buy VMSD from India
Indian residents can buy VMSD 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 VMSD and buy
Find the fund by its ticker, VMSD, on NASDAQ, 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 VMSD from India
Trading and taxes when buying VMSD 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
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- 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 VMSD price today?
VictoryShares Short-Duration Municipal ETF (VMSD) last traded at $25.03 on NASDAQ, as of 29 Sep 2026, 7:30 PM ET. That is ₹2,404 a unit at the 29 Sep 2026 USD/INR rate.
When does VMSD trade, in Indian time?
NASDAQ 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 VMSD, and what does it cost to hold?
VictoryShares Short-Duration Municipal ETF manages about $22.5M. Its expense ratio is 0.62% a year, deducted inside the fund. It launched in 2026.
What are VMSD's largest holdings?
The top three are BURKE CO VRN 11/01/52 (13.5%), CHICAGO-C 5.% 01/01/33 (4.6%) and SAN FRANC 5.% 05/01/30 (4.6%). VMSD's 10 largest positions make up 54.2% of the fund.
How are gains on VMSD taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of VMSD?
Yes. You can buy VMSD by amount rather than by whole unit, and there is no minimum trade size.