NASDAQ · ETF
Invest in JSMD ETF from India
Indian and foreign residents can buy Janus Henderson Small/Mid Growth Alpha ETF (JSMD) units directly through Paasa.
By Paasa · Updated
JSMD at a glance
- Price
- $89.89-$0.07 (0.08%)
- Expense ratio
- 0.3%
- Day range
- $89.70 – $90.52
- Assets
- $1.0B
- Domicile
- the US
- Holdings
- 121
- Launched
- 2016
- Dividends
- Accumulating
- 1 month
- -3.57%
- 6 months
- +16.50%
- YTD
- +8.69%
- 1 year
- +6.62%
- 5 years
- +38.55%
Price change, excluding dividends.
Top 10 holdings
- 1Commvault Systems, Inc.1.9%
- 2Ryman Hospitality Properties, Inc.1.9%
- 3Exelixis, Inc.1.9%
- 4Medpace Holdings, Inc.1.8%
- 5Halozyme Therapeutics, Inc.1.6%
- 6Sterling Infrastructure, Inc.1.6%
- 7Qualys, Inc.1.6%
- 8StepStone Group, Inc. Class A1.5%
- 9Landstar System, Inc.1.5%
- 10Gen Digital Inc.1.4%
JSMD holds 121 securities in total. These 10 are 16.6% of the fund.
Where the money is invested
Sectors
- Healthcare26.5%
- Technology25.5%
- Industrials15.3%
- Financial Services10.0%
- Consumer Cyclical8.8%
- Basic Materials5.7%
Countries
- United States97.5%
- United Kingdom0.9%
- Canada0.8%
- France0.7%
- Other0.1%
How to invest in JSMD 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 JSMD and buy
Find the fund by its ticker, JSMD, 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 JSMD from India
What JSMD holds
This fund typically dedicates a minimum of 80% of its net assets to the equities that constitute its target index. This benchmark is composed of common shares from smaller and mid-sized businesses, specifically those featured in the Solactive Small/Mid Cap Index, which itself encompasses 2,500 companies with small to medium market capitalizations.
Dividends reinvested for you
Dividends from JSMD'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
JSMD 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 JSMD 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 JSMD from India?
Yes. Indian residents can buy Janus Henderson Small/Mid Growth Alpha ETF (JSMD) 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 JSMD invest in?
Janus Henderson Small/Mid Growth Alpha ETF holds 121 securities. Its largest holdings are Commvault Systems, Inc. (1.9%), Ryman Hospitality Properties, Inc. (1.9%) and Exelixis, Inc. (1.9%). Healthcare is its largest sector at 26.5%. It is an accumulating fund domiciled in the US.
What is the expense ratio of JSMD?
Janus Henderson Small/Mid Growth Alpha ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.0B.
Does JSMD pay dividends?
No. Janus Henderson Small/Mid Growth Alpha 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 JSMD?
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 JSMD unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $89.89, and there is no minimum trade size.
What happens to my JSMD 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.