New York Stock Exchange · ETF
Invest in MFSM ETF from India
Indian and foreign residents can buy MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) units directly through Paasa.
By Paasa · Updated
MFSM at a glance
- Price
- $23.68-$0.09 (0.37%)
- Expense ratio
- 0.34%
- Day range
- $23.66 – $23.82
- Assets
- $88.5M
- Domicile
- the US
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -4.36%
- 6 months
- -4.51%
- YTD
- -5.39%
- 1 year
- -4.82%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Cash & Cash Equivalents3.5%
- 2MINNESOTAST HSG FIN AGY1.0%
- 3CALIFORNIACMNTY CHOICE FING A0.8%
- 4RICHLAND WAYNE JASPER CLAY L0.7%
- 5PASCO CNTYFL SOL WST DISP R0.7%
- 6W CORNWALLTWP PA MUNI AUTH0.7%
- 7BRAZOS TXHGR EDU AUTH STUDENT0.6%
- 8BREVARD CNTY FL HLTH FACS AUTH0.6%
- 9RENSSELAERCO NY CAPITAL RESOU0.6%
- 10SAINT TAMMANY PARISH LA HOSP S0.6%
These 10 are 9.8% of the fund.
Where the money is invested
Countries
- Other100.0%
How to invest in MFSM 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 MFSM and buy
Find the fund by its ticker, MFSM, 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 MFSM from India
What MFSM holds
MFSM is an actively managed fund that seeks total return with an emphasis on income exempt from federal income tax. It includes intermediate-term US municipal bonds whose interests are tax-exempt but subject to the federal alternative minimum tax.
Hold a dollar asset
MFSM 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 MFSM 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 MFSM from India?
Yes. Indian residents can buy MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF (MFSM) 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 MFSM invest in?
Its largest holdings are Cash & Cash Equivalents (3.5%), MINNESOTAST HSG FIN AGY (1.0%) and CALIFORNIACMNTY CHOICE FING A (0.8%). It is a distributing fund domiciled in the US.
What is the expense ratio of MFSM?
MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETF has an expense ratio of 0.34% a year, taken from the fund's assets rather than billed to you. The fund manages about $88.5M.
How are MFSM dividends taxed in India?
MFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni 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 MFSM?
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 MFSM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $23.68, and there is no minimum trade size.
What happens to my MFSM 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.