NYSE Arca · ETF
Invest in CGSM ETF from India
Indian and foreign residents can buy Capital Group Short Duration Municipal ETF (CGSM) units directly through Paasa.
By Paasa · Updated
CGSM at a glance
- Price
- $25.76-$0.08 (0.31%)
- Expense ratio
- 0.25%
- Day range
- $25.75 – $25.84
- Assets
- $1.6B
- Domicile
- the US
- Holdings
- 573
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -2.16%
- 6 months
- -2.13%
- YTD
- -2.24%
- 1 year
- -2.53%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NEW YORK ST THRUWAY AUTH PERSO NYSTRN 09/28 FIXED 51.1%
- 2MARYLAND ST MDS 06/30 FIXED 51.0%
- 3SOUTH CAROLINA ST JOBS ECON DE SCSMED 05/48 ADJUSTABLE VAR1.0%
- 4FLORIDA ST BRD OF EDU PUBLIC E FLSEDU 06/29 FIXED 51.0%
- 5TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 02/28 FIXED 50.8%
- 6ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 50.6%
- 7MARYLAND ST HLTH HGR EDUCTNL MDSMED 05/53 ADJUSTABLE VAR0.6%
- 8PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR0.6%
- 9KANSAS ST DEV FIN AUTH MF HSG KSSMFH 07/29 ADJUSTABLE VAR0.6%
- 10NEW YORK NY NYC 02/56 ADJUSTABLE VAR0.6%
CGSM holds 573 securities in total. These 10 are 7.9% of the fund.
Where the money is invested
Countries
- United States100.2%
How to invest in CGSM 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 CGSM and buy
Find the fund by its ticker, CGSM, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in CGSM from India
What CGSM holds
The Capital Group Short Duration Municipal Income ETF (CGSM) aims to generate current income that is exempt from regular federal income tax. It achieves this while maintaining a short-duration investment profile and prioritizing the preservation of capital.
Hold a dollar asset
CGSM 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 CGSM 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 CGSM from India?
Yes. Indian residents can buy Capital Group Short Duration Municipal ETF (CGSM) through Paasa. It is listed on NYSE Arca 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 CGSM invest in?
Capital Group Short Duration Municipal ETF holds 573 securities. Its largest holdings are NEW YORK ST THRUWAY AUTH PERSO NYSTRN 09/28 FIXED 5 (1.1%), MARYLAND ST MDS 06/30 FIXED 5 (1.0%) and SOUTH CAROLINA ST JOBS ECON DE SCSMED 05/48 ADJUSTABLE VAR (1.0%). It is a distributing fund domiciled in the US.
What is the expense ratio of CGSM?
Capital Group Short Duration Municipal ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.6B.
How are CGSM dividends taxed in India?
Capital Group Short Duration Municipal 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 CGSM?
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 CGSM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.76, and there is no minimum trade size.
What happens to my CGSM 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.