NASDAQ · ETF
Invest in BSMA ETF from India
Indian and foreign residents can buy Invesco BulletShares 2036 Municipal Bond ETF (BSMA) units directly through Paasa.
By Paasa · Updated
BSMA at a glance
- Price
- $24.37+$0.24 (1.01%)
- Expense ratio
- 0.18%
- Day range
- $24.34 – $24.45
- Assets
- $4.8M
- Domicile
- the US
- Holdings
- 189
- Launched
- 2026
- Dividends
- —
Top 10 holdings
- 1City of New York NY 5.00% 08/01/20441.4%
- 2CASH & EQUIVALENTS1.4%
- 3Mountain View Capital Improvements Financing Authority 5.00% 05/01/20561.3%
- 4Metropolitan Transportation Authority 4.00% 11/15/20361.2%
- 5New York State Thruway Authority 5.00% 01/01/20451.2%
- 6Sales Tax Securitization Corp 5.00% 01/01/20391.2%
- 7Port Authority of New York & New Jersey 3.25% 12/01/20361.2%
- 8USD Pending Dividends1.2%
- 9New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 02/01/20431.1%
- 10University of California 5.00% 05/15/20361.1%
BSMA holds 189 securities in total. These 10 are 12.4% of the fund.
How to invest in BSMA 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 BSMA and buy
Find the fund by its ticker, BSMA, 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 BSMA from India
What BSMA holds
This fund seeks to track the investment results of the ICE BulletShares® Municipal Bond 2036 Index. It generally invests in U.S. dollar-denominated, investment-grade municipal bonds issued by U.S. states and local governments that are scheduled to mature in 2036.
Hold a dollar asset
BSMA 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 BSMA 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 BSMA from India?
Yes. Indian residents can buy Invesco BulletShares 2036 Municipal Bond ETF (BSMA) 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 BSMA invest in?
Invesco BulletShares 2036 Municipal Bond ETF holds 189 securities. Its largest holdings are City of New York NY 5.00% 08/01/2044 (1.4%), CASH & EQUIVALENTS (1.4%) and Mountain View Capital Improvements Financing Authority 5.00% 05/01/2056 (1.3%). The fund is domiciled in the US.
What is the expense ratio of BSMA?
Invesco BulletShares 2036 Municipal Bond ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $4.8M.
What tax do I pay in India when I sell BSMA?
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 BSMA unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.37, and there is no minimum trade size.
What happens to my BSMA 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.