NYSE Arca · ETF
Invest in ISMD ETF from India
Indian and foreign residents can buy Inspire Small/Mid ETF (ISMD) units directly through Paasa.
By Paasa · Updated
ISMD at a glance
- Price
- $46.98-$0.10 (0.21%)
- Expense ratio
- 0.53%
- Day range
- $46.85 – $47.23
- Assets
- $322.1M
- Domicile
- the US
- Holdings
- 11
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -4.57%
- 6 months
- +15.74%
- YTD
- +20.34%
- 1 year
- +21.40%
- 5 years
- +29.24%
Price change, excluding dividends.
Top 10 holdings
- 1BBH SWEEP VEHICLE1.5%
- 2TWIST BIOSCIENCETWST0.4%
- 3UTZ BRANDS INCUTZ0.4%
- 4PULSE BIOSCIENCEPLSE0.4%
- 5AMPLITUDE-CL AAMPL0.4%
- 6VAREX IMAGINVREX0.4%
- 7TASKUS INC-ATGNOF0.4%
- 8EMBECTA CORPEMBC0.4%
- 9CBIZ INCCBZ0.4%
- 10KARAT PACKAGINGKRT0.3%
ISMD holds 11 securities in total. These 10 are 4.8% of the fund.
Where the money is invested
Sectors
- Financial Services17.3%
- Industrials15.3%
- Technology14.8%
- Consumer Cyclical10.7%
- Healthcare10.6%
- Real Estate7.8%
Countries
- United States98.0%
- Other1.0%
- France0.4%
- Bermuda0.2%
- Ireland0.2%
- Luxembourg0.2%
How to invest in ISMD 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 ISMD and buy
Find the fund by its ticker, ISMD, 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 ISMD from India
What ISMD holds
The Inspire Small/Mid Cap ETF strategically allocates its capital to American companies of small and medium market capitalization. These enterprises are rigorously selected for their inspiring qualities and adherence to biblical principles, requiring an Inspire Impact Score of zero or greater.
Dividends reinvested for you
Dividends from ISMD's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
ISMD 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 ISMD 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 ISMD from India?
Yes. Indian residents can buy Inspire Small/Mid ETF (ISMD) 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 ISMD invest in?
Inspire Small/Mid ETF holds 11 securities. Its largest holdings are BBH SWEEP VEHICLE (1.5%), TWIST BIOSCIENCE (0.4%) and UTZ BRANDS INC (0.4%). Financial Services is its largest sector at 17.3%. It is an accumulating fund domiciled in the US.
What is the expense ratio of ISMD?
Inspire Small/Mid ETF has an expense ratio of 0.53% a year, taken from the fund's assets rather than billed to you. The fund manages about $322.1M.
Does ISMD pay dividends?
No. Inspire Small/Mid ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell ISMD?
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 ISMD unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $46.98, and there is no minimum trade size.
What happens to my ISMD 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.