NASDAQ · ETF
Invest in ASTM ETF from India
Indian and foreign residents can buy Allspring Strategic Municipal Bond Fund - ETF Class (ASTM) units directly through Paasa.
By Paasa · Updated
ASTM at a glance
- Price
- $25.01-$0.03 (0.10%)
- Expense ratio
- 0%
- Day range
- $24.99 – $25.03
- Assets
- —
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- —
Top 10 holdings
- 1Main Str Nat Gas Inc Ga Gas Supply Rev1.5%
- 2City of Chicago (Illinois)1.2%
- 3Net Other Assets1.2%
- 4Missouri St Health & Edl Facs Auth Health Facs Rev1.0%
- 5Usm ProcurementLLC1.0%
- 6City of Dallas (Texas)0.9%
- 7Southeast Energy Auth Coop Dist Ala Gas Supply Rev0.8%
- 8Central Plains Energy Proj Neb Gas Supply Rev0.8%
- 9California Cmnty Choice Fing Auth Clean Energy Proj Rev0.8%
- 10Kentucky Inc Ky Pub Energy Auth Gas Suplly Rev0.8%
These 10 are 10.1% of the fund.
Where the money is invested
Countries
- United States99.3%
- Other0.7%
How to invest in ASTM from India
Step 1
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.
Step 2
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.
Step 3
Search ASTM and buy
Find the fund by its ticker, ASTM, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in ASTM from India
What ASTM holds
The ETF Class of the Allspring Strategic Municipal Bond Fund is an actively managed, exchange-listed share class of a long-running municipal bond mutual fund, a series of Allspring Funds Trust. ETF Class shares are listed on Nasdaq and are not individually redeemable.
Hold a dollar asset
ASTM is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one ASTM unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy ASTM from India?
Yes. Indian residents can buy Allspring Strategic Municipal Bond Fund - ETF Class (ASTM) through Paasa. It is listed on NASDAQ and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does ASTM invest in?
Its largest holdings are Main Str Nat Gas Inc Ga Gas Supply Rev (1.5%), City of Chicago (Illinois) (1.2%) and Net Other Assets (1.2%). The fund is domiciled in the US.
What is the expense ratio of ASTM?
Allspring Strategic Municipal Bond Fund - ETF Class has an expense ratio of 0% a year, taken from the fund's assets rather than billed to you.
What tax do I pay in India when I sell ASTM?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one ASTM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.01, and there is no minimum trade size.
What happens to my ASTM units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.