NASDAQ · ETF
Invest in VMSD ETF from India
Indian and foreign residents can buy VictoryShares Short-Duration Municipal ETF (VMSD) units directly through Paasa.
By Paasa · Updated
VMSD at a glance
- Price
- $25.08+$0.04 (0.18%)
- Expense ratio
- 0.62%
- Day range
- $25.05 – $25.11
- Assets
- $22.5M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- —
Top 10 holdings
- 1BURKE CO VRN 11/01/5213.5%
- 2CHICAGO-C 5.% 01/01/334.6%
- 3SAN FRANC 5.% 05/01/304.6%
- 4CHICAGO-C 5.% 01/01/344.6%
- 5ILLINOIS 5.% 10/01/284.6%
- 6POUGHKEEP 5.% 04/23/274.5%
- 7PORT PORT VRN 04/01/404.5%
- 8MA H/E-VA VRN 07/01/354.5%
- 9OHIO ST A VRN 10/01/394.5%
- 10DT OF COL VRN 06/01/514.5%
These 10 are 54.2% of the fund.
Where the money is invested
Countries
- Other100.0%
How to invest in VMSD 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 VMSD and buy
Find the fund by its ticker, VMSD, 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 VMSD from India
What VMSD holds
VictoryShares Short-Duration Municipal ETF is an exchange-traded fund that seeks to provide interest income exempt from federal income tax. The fund primarily invests in investment-grade municipal securities and generally maintains a short-duration portfolio, with an effective duration targeted within two years of the Bloomberg Municipal Bond 3 Year (2-4) Total Return Index.
Hold a dollar asset
VMSD 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 VMSD 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 VMSD from India?
Yes. Indian residents can buy VictoryShares Short-Duration Municipal ETF (VMSD) 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 VMSD invest in?
Its largest holdings are BURKE CO VRN 11/01/52 (13.5%), CHICAGO-C 5.% 01/01/33 (4.6%) and SAN FRANC 5.% 05/01/30 (4.6%). The fund is domiciled in the US.
What is the expense ratio of VMSD?
VictoryShares Short-Duration Municipal ETF has an expense ratio of 0.62% a year, taken from the fund's assets rather than billed to you. The fund manages about $22.5M.
What tax do I pay in India when I sell VMSD?
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 VMSD unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.08, and there is no minimum trade size.
What happens to my VMSD 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.