New York Stock Exchange · ETF
Invest in DSMC ETF from India
Indian and foreign residents can buy Distillate Small/Mid Cash Flow ETF (DSMC) units directly through Paasa.
By Paasa · Updated
DSMC at a glance
- Price
- $41.90+$0.13 (0.31%)
- Expense ratio
- 0.55%
- Day range
- $41.77 – $42.01
- Assets
- $138.4M
- Domicile
- the US
- Holdings
- 100
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -5.63%
- 6 months
- +12.85%
- YTD
- +17.04%
- 1 year
- +16.58%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Skyworks Solutions Inc1.6%
- 2Versant Media Group Inc1.3%
- 3Invesco Ltd1.1%
- 4APA Corp1.1%
- 5ICON PLC1.1%
- 6Gartner Inc1.1%
- 7Toll Brothers Inc1.1%
- 8DXC Technology Co1.0%
- 9Carlisle Cos Inc1.0%
- 10Owens Corning1.0%
DSMC holds 100 securities in total. These 10 are 11.4% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical20.9%
- Technology19.5%
- Industrials16.2%
- Energy12.3%
- Healthcare8.4%
- Consumer Defensive8.2%
Countries
- United States94.6%
- Bermuda2.8%
- Ireland2.2%
- Cayman Islands0.5%
How to invest in DSMC 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 DSMC and buy
Find the fund by its ticker, DSMC, on the New York Stock Exchange, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in DSMC from India
What DSMC holds
DSMC employs a disciplined strategy to pick its holdings, admitting only companies that satisfy its unique, internally developed benchmarks for cash-flow-based valuation and overall quality. The fund's initial universe for consideration encompasses roughly 1,000 profitable U.S. stocks from the small and mid-capitalization segments.
Hold a dollar asset
DSMC 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 DSMC 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 DSMC from India?
Yes. Indian residents can buy Distillate Small/Mid Cash Flow ETF (DSMC) through Paasa. It is listed on the New York Stock Exchange 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 DSMC invest in?
Distillate Small/Mid Cash Flow ETF holds 100 securities. Its largest holdings are Skyworks Solutions Inc (1.6%), Versant Media Group Inc (1.3%) and Invesco Ltd (1.1%). Consumer Cyclical is its largest sector at 20.9%. It is a distributing fund domiciled in the US.
What is the expense ratio of DSMC?
Distillate Small/Mid Cash Flow ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $138.4M.
How are DSMC dividends taxed in India?
Distillate Small/Mid Cash Flow ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 DSMC?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are 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 DSMC unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $41.90, and there is no minimum trade size.
What happens to my DSMC 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.