NASDAQ · ETF
Invest in BKMS ETF from India
Indian and foreign residents can buy BNY Mellon Municipal Short Duration ETF (BKMS) units directly through Paasa.
By Paasa · Updated
BKMS at a glance
- Price
- $25.05+$0.13 (0.51%)
- Expense ratio
- 0.35%
- Day range
- $24.95 – $25.05
- Assets
- $428.0M
- Domicile
- the US
- Holdings
- 253
- Launched
- 2000
- Dividends
- Distributing
Top 10 holdings
- 1RHODE ISLAND ST HLTH 5 5/15/20272.3%
- 2TARRANT CO EDU FACS-B FRN 11/15/20641.8%
- 3SOUTHEAST ENERGY AUTH FRN 5/1/20531.7%
- 4DASNY-SER-2-A FRN 7/1/20481.4%
- 5CT HLTH & EDUCTNL-B-1 FRN 7/1/20641.3%
- 6PHILADELPHIA HSG-A 5 3/1/20291.2%
- 7NEW YORK CITY-F-1-REF 5 8/1/20301.2%
- 8PVT CLG UNIV AUTH-A 5 9/1/20291.2%
- 9NEW YORK CITY-B-1-REF 5 8/1/20291.2%
- 10VIRGINIA ST CMWLTH-A 5 5/15/20311.2%
BKMS holds 253 securities in total. These 10 are 14.6% of the fund.
How to invest in BKMS 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 BKMS and buy
Find the fund by its ticker, BKMS, 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 BKMS from India
What BKMS holds
This fund endeavors to produce significant current income that is exempt from federal taxation, prioritizing the protection of invested capital. To accomplish this, it typically commits a minimum of 80% of its net assets, including any leveraged funds, to municipal bonds that generate income free from U.S. federal income tax.
Hold a dollar asset
BKMS 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 BKMS 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 BKMS from India?
Yes. Indian residents can buy BNY Mellon Municipal Short Duration ETF (BKMS) 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 BKMS invest in?
BNY Mellon Municipal Short Duration ETF holds 253 securities. Its largest holdings are RHODE ISLAND ST HLTH 5 5/15/2027 (2.3%), TARRANT CO EDU FACS-B FRN 11/15/2064 (1.8%) and SOUTHEAST ENERGY AUTH FRN 5/1/2053 (1.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of BKMS?
BNY Mellon Municipal Short Duration ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $428.0M.
How are BKMS dividends taxed in India?
BNY Mellon Municipal Short Duration ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell BKMS?
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 BKMS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.05, and there is no minimum trade size.
What happens to my BKMS 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.