Invesco Physical Palladium ETC
Invesco Physical Palladium ETC (LSE: SPAL) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $116.61 (about ₹11,203 a unit) as of 29 Sep 2026, 5:58 AM ET. It has an expense ratio of 0.19%. Indian residents can buy SPAL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$115.49
Today's high
$116.61
52 week low
$103.40
52 week high
$206.55
SPAL opened at $115.49, closed previously at $115.85, and has traded between $103.40 and $206.55 over the past 52 weeks.
About
The Invesco Physical Palladium ETC is structured to mirror the market's spot price of palladium. Each issued certificate is directly underpinned by physical palladium, which is securely stored in J.P. Morgan Chase Bank's London vaults. Invesco Physical Markets PLC (Invesco PMP), an Irish-incorporated entity, functions as the issuer of these certificates, with administrative duties handled by J.P. Morgan Administration Services (Ireland) Limited. The investment's returns are generated from holding actual palladium, the value of which is appraised daily based on the London Bullion Market Association's (LBMA) PM auction price. This ETC employs a "swing bar" strategy, ensuring that palladium plates or ingots, amounting to at least the total worth of all outstanding certificates, are kept in an allocated account registered to the issuer. It is crucial to note that Invesco ETCs are classified as distinct exchange-traded certificates, differentiating them from traditional funds or exchange-traded funds.
Key statistics
Expense ratio
0.19%
Assets (AUM)
$32.9B
Holdings
—
NAV
$116.06
Avg. volume
—
1-year price change
-4.55%
5-year price change
-36.11%
Price change excludes dividends.
Top holding
These 1 are 100.0% of the fund.
Similar funds
This is not an investment recommendation
How to buy SPAL from India
Indian residents can buy SPAL 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 SPAL and buy
Find the fund by its ticker, SPAL, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in SPAL from India
Trading and taxes when buying SPAL from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- 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
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the SPAL price today?
Invesco Physical Palladium ETC (SPAL) last traded at $116.61 on the London Stock Exchange ETF segment, as of 29 Sep 2026, 5:58 AM ET. That is ₹11,203 a unit at the 28 Sep 2026 USD/INR rate.
When does SPAL trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is SPAL, and what does it cost to hold?
Invesco Physical Palladium ETC manages about $32.9B. Its expense ratio is 0.19% a year, deducted inside the fund. It launched in 2011.
What are SPAL's largest holdings?
Its largest holding is Palladium (100.0%).
How are gains on SPAL 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.
How has SPAL performed?
SPAL's price is down 4.6% over the past year and down 36.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.