SonicShares Global Shipping ETF
SonicShares Global Shipping ETF (AMEX: BOAT) is an exchange-traded fund listed on NYSE Arca, trading at $47.02 (about ₹4,422 a unit) as of 9 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.69% and holds 53 securities. Indian residents can buy BOAT through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$46.88
Today's high
$47.90
52 week low
$31.25
52 week high
$55.49
BOAT opened at $47.45, closed previously at $47.28, and has traded between $31.25 and $55.49 over the past 52 weeks.
About
This ETF aims to offer exposure to a global universe of companies operating within the maritime shipping industry, by tracking an index governed by specific criteria. Under typical market conditions, a minimum of 80% of its net assets, combined with any funds borrowed for investment purposes, will be allocated to these global shipping enterprises. Additionally, the fund's investment adviser possesses the flexibility to invest in securities or other holdings not specifically included in the index, should they determine these investments will assist in achieving its objective of tracking the index. The fund is designated as non-diversified.
Key statistics
Expense ratio
0.69%
Assets (AUM)
$145.7M
Holdings
53
NAV
$48.56
Avg. volume
98.68K
1-year price change
+46.02%
5-year price change
+70.30%
Price change excludes dividends.
Top 10 holdings
BOAT holds 53 securities in total. These 10 are 48.1% of the fund.
Where the money is invested
Sectors
Countries
How to buy BOAT from India
Indian residents can buy BOAT units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in BOAT from India
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.
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.
Search BOAT and buy
Find the fund by its ticker, BOAT, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your BOAT position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying BOAT from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the BOAT price today?
SonicShares Global Shipping ETF (BOAT) last traded at $47.02 on NYSE Arca, as of 9 Nov 2026, 4:00 PM ET. That is ₹4,422 a unit at the 8 Nov 2026 USD/INR rate.
When does BOAT trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is BOAT, and what does it cost to hold?
SonicShares Global Shipping ETF manages about $145.7M. Its expense ratio is 0.69% a year, deducted inside the fund. It launched in 2021.
What are BOAT's largest holdings?
The top three are Frontline PLC (5.6%), SITC International Holdings Co Ltd (5.6%) and HMM Co Ltd (5.4%). BOAT's 10 largest positions make up 48.1% of the fund.
Does BOAT pay dividends?
Yes. BOAT is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on BOAT taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of BOAT?
Yes. You can buy BOAT by amount rather than by whole unit, and there is no minimum trade size.
How has BOAT performed?
BOAT's price is up 46.0% over the past year and up 70.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.