NYSE Arca · ETF
Invest in TSME ETF from India
Indian and foreign residents can buy Thrivent Small-Mid Equity ETF (TSME) units directly through Paasa.
By Paasa · Updated
TSME at a glance
- Price
- $45.70-$0.15 (0.33%)
- Expense ratio
- 0.65%
- Day range
- $45.41 – $46.03
- Assets
- $871.3M
- Domicile
- the US
- Holdings
- 67
- Launched
- 2022
- Dividends
- Accumulating
- 1 month
- -3.63%
- 6 months
- +12.15%
- YTD
- +8.42%
- 1 year
- +10.55%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1SSC GOVERNMENT MM GVMXX2.8%
- 2LSI INDUSTRIES INC COMMON STOCKLYTS2.2%
- 3RYDER SYSTEM INC COMMON STOCK USD.5R2.2%
- 4SHARKNINJA INC COMMON STOCK USD.0001SN2.1%
- 5FEDERAL AGRIC MTG CORP CL C COMMON STOCK USD1.0AGM2.1%
- 6INTERDIGITAL INC COMMON STOCK USD.01IDCC2.1%
- 7CLIMB GLOBAL SOLUTIONS INC COMMON STOCK USD.01CLMB2.0%
- 8ENOVA INTERNATIONAL INC COMMON STOCK USD.00001ENVA2.0%
- 9TWIST BIOSCIENCE CORP COMMON STOCK USD.00001TWST1.9%
- 10GENEDX HOLDINGS CORP COMMON STOCK USD.0001WGS1.9%
TSME holds 67 securities in total. These 10 are 21.4% of the fund.
Where the money is invested
Sectors
- Industrials25.4%
- Technology24.1%
- Consumer Cyclical17.6%
- Healthcare11.7%
- Financial Services11.6%
- Basic Materials4.1%
Countries
- United States87.0%
- Bermuda3.3%
- Ireland3.2%
- Other2.8%
- Canada1.5%
- United Kingdom1.2%
How to invest in TSME 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 TSME and buy
Find the fund by its ticker, TSME, 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 TSME from India
What TSME holds
Under ordinary market circumstances, this fund primarily allocates its investments to companies whose market value falls within the scope of well-recognized small and mid-capitalization benchmarks. These benchmarks include, but are not limited to, the Russell 2500 Index, the S&P MidCap 400 Index, the S&P SmallCap 600 Index, and Morningstar's classifications for small- to medium-sized enterprises.
Dividends reinvested for you
Dividends from TSME'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
TSME 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 TSME 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 TSME from India?
Yes. Indian residents can buy Thrivent Small-Mid Equity ETF (TSME) 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 TSME invest in?
Thrivent Small-Mid Equity ETF holds 67 securities. Its largest holdings are SSC GOVERNMENT MM GVMXX (2.8%), LSI INDUSTRIES INC COMMON STOCK (2.2%) and RYDER SYSTEM INC COMMON STOCK USD.5 (2.2%). Industrials is its largest sector at 25.4%. It is an accumulating fund domiciled in the US.
What is the expense ratio of TSME?
Thrivent Small-Mid Equity ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $871.3M.
Does TSME pay dividends?
No. Thrivent Small-Mid Equity 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 TSME?
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 TSME unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $45.70, and there is no minimum trade size.
What happens to my TSME 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.