NASDAQ · ETF
Invest in BSMZ ETF from India
Indian and foreign residents can buy Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) units directly through Paasa.
By Paasa · Updated
BSMZ at a glance
- Price
- $23.61+$0.34 (1.44%)
- Expense ratio
- 0.18%
- Day range
- $23.40 – $23.64
- Assets
- $62.7M
- Domicile
- the US
- Holdings
- 1,679
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -4.68%
- 6 months
- -5.45%
- YTD
- -7.27%
- 1 year
- -6.05%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1USD Pending Dividends1.4%
- 2New York Liberty Development Corp 5.25% 10/01/20350.7%
- 3Massachusetts School Building Authority 5.00% 02/15/20550.4%
- 4City of New York NY 5.25% 02/01/20500.4%
- 5Chicago O'Hare International Airport 5.25% 01/01/20610.4%
- 6Health & Educational Facilities Authority of the State of Missouri 5.00% 11/15/20350.4%
- 7North Texas Municipal Water District Water System Revenue 5.00% 09/01/20430.4%
- 8Ohio State University/The 5.00% 06/01/20350.4%
- 9Ohio Water Development Authority Water Pollution Control Loan Fund 5.00% 12/01/20350.4%
- 10State of California 5.00% 03/01/20550.4%
BSMZ holds 1,679 securities in total. These 10 are 5.3% of the fund.
How to invest in BSMZ 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 BSMZ and buy
Find the fund by its ticker, BSMZ, 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 BSMZ from India
What BSMZ holds
The Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) is an exchange-traded fund engineered to replicate the performance of the Invesco BulletShares USD Municipal Bond 2035 Index. This ETF allocates at least 80% of its total capital to municipal debt instruments that constitute its benchmark index.
Hold a dollar asset
BSMZ 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 BSMZ 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 BSMZ from India?
Yes. Indian residents can buy Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) 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 BSMZ invest in?
Invesco BulletShares 2035 Municipal Bond ETF holds 1,679 securities. Its largest holdings are USD Pending Dividends (1.4%), New York Liberty Development Corp 5.25% 10/01/2035 (0.7%) and Massachusetts School Building Authority 5.00% 02/15/2055 (0.4%). It is a distributing fund domiciled in the US.
What is the expense ratio of BSMZ?
Invesco BulletShares 2035 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 $62.7M.
How are BSMZ dividends taxed in India?
Invesco BulletShares 2035 Municipal Bond 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 BSMZ?
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 BSMZ unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.61, and there is no minimum trade size.
What happens to my BSMZ 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.