NASDAQ · ETF
Invest in TMSF ETF from India
Indian and foreign residents can buy T. Rowe Price Multi-Sector ETF (TMSF) units directly through Paasa.
By Paasa · Updated
TMSF at a glance
- Price
- $49.02-$0.08 (0.16%)
- Expense ratio
- 0.41%
- Day range
- $49.00 – $49.08
- Assets
- $100.4M
- Domicile
- the US
- Holdings
- —
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- +0.35%
- 6 months
- -2.25%
- YTD
- -2.54%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US 2YR NOTE (CBT) DEC26 XCBT 2026123115.0%
- 2S04921650 CDS USD R F 1.00000 204921650FEE CCPCDX11.6%
- 3US 10YR NOTE (CBT)DEC26 XCBT 202612216.6%
- 4EUR2611203.8%
- 5FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE3.1%
- 6FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE3.1%
- 7FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE3.1%
- 8MXN2701152.5%
- 9S05239066 IRS GBP R F 4.71880 205239066_FIX CCPOIS2.4%
- 10FRANCE (GOVT OF) BONDS 144A REGS 02/32 3.252.1%
These 10 are 53.3% of the fund.
Where the money is invested
Sectors
- Government43.4%
- Corporate26.8%
- Securitized18.1%
- Municipal0.3%
Countries
- United States72.5%
- Cayman Islands3.6%
- Mexico3.0%
- France2.9%
- Colombia2.7%
- United Kingdom1.7%
How to invest in TMSF 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 TMSF and buy
Find the fund by its ticker, TMSF, 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 TMSF from India
What TMSF holds
TMSF invests its assets in fixed income securities, aiming for high income and some capital appreciation. It actively shifts allocations among multiple sectors including, US and foreign high yield and investment-grade corporate debt, mortgage-backed and asset-backed securities, government bonds, and emerging market debt.
Hold a dollar asset
TMSF 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 TMSF 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 TMSF from India?
Yes. Indian residents can buy T. Rowe Price Multi-Sector ETF (TMSF) 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 TMSF invest in?
Its largest holdings are US 2YR NOTE (CBT) DEC26 XCBT 20261231 (15.0%), S04921650 CDS USD R F 1.00000 204921650FEE CCPCDX (11.6%) and US 10YR NOTE (CBT)DEC26 XCBT 20261221 (6.6%). Government is its largest sector at 43.4%. It is a distributing fund domiciled in the US.
What is the expense ratio of TMSF?
T. Rowe Price Multi-Sector ETF has an expense ratio of 0.41% a year, taken from the fund's assets rather than billed to you. The fund manages about $100.4M.
How are TMSF dividends taxed in India?
T. Rowe Price Multi-Sector 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 TMSF?
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 TMSF unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $49.02, and there is no minimum trade size.
What happens to my TMSF 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.