State Street SPDR US Small Cap Low Volatility Index ETF
State Street SPDR US Small Low Volatility Index ETF (AMEX: SMLV) is an exchange-traded fund listed on NYSE Arca, trading at $151.05 (about ₹14,509 a unit) as of 29 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.12% and holds 393 securities. Indian residents can buy SMLV through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$150.01
Today's high
$151.62
52 week low
$124.22
52 week high
$163.75
SMLV opened at $151.30, closed previously at $151.28, and has traded between $124.22 and $163.75 over the past 52 weeks.
About
The State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) strives to deliver investment returns that broadly match the total return of the State Street US Small Cap Low Volatility Index, before accounting for fees and operating expenses. This underlying index is constructed from a selection of U.S. equities, specifically those listed on a U.S. exchange whose market capitalizations fall between the 1,001st and 3,000th positions among the top 2,000 U.S. stocks at each rebalance date. The index applies a systematic methodology focused on increasing its allocation to companies within its eligible universe that display lower price volatility. Consequently, securities demonstrating reduced volatility are given a higher weighting within the index, contingent upon meeting specific liquidity criteria.
Key statistics
Expense ratio
0.12%
Assets (AUM)
$246.2M
Holdings
393
NAV
$152.00
Avg. volume
—
1-year price change
+16.81%
5-year price change
+34.63%
Price change excludes dividends.
Top 10 holdings
SMLV holds 393 securities in total. These 10 are 5.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy SMLV from India
Indian residents can buy SMLV units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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 SMLV and buy
Find the fund by its ticker, SMLV, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in SMLV from India
Trading and taxes when buying SMLV 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
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
- 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
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the SMLV price today?
State Street SPDR US Small Low Volatility Index ETF (SMLV) last traded at $151.05 on NYSE Arca, as of 29 Sep 2026, 3:59 PM ET. That is ₹14,509 a unit at the 29 Sep 2026 USD/INR rate.
When does SMLV trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is SMLV, and what does it cost to hold?
State Street SPDR US Small Low Volatility Index ETF manages about $246.2M. Its expense ratio is 0.12% a year, deducted inside the fund. It launched in 2013.
What are SMLV's largest holdings?
The top three are SAFETY INSURANCE GROUP INC (0.7%), CITY HOLDING CO (0.6%) and ATLANTA BRAVES HOLDINGS IN C (0.6%). SMLV's 10 largest positions make up 5.9% of the fund.
Does SMLV pay dividends?
No. SMLV is an accumulating fund: dividends from its holdings are reinvested inside the fund, so nothing is paid out to you.
How are gains on SMLV 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 SMLV?
Yes. You can buy SMLV by amount rather than by whole unit, and there is no minimum trade size.
How has SMLV performed?
SMLV's price is up 16.8% over the past year and up 34.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.