iShares Edge S&P 500 Minimum Volatility UCITS ETF
iShares Edge S&P 500 Minimum Volatility UCITS ETF (LSE: SPMD) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $10.57 (about ₹993 a unit) as of 10 Nov 2026, 11:35 AM ET. It has an expense ratio of 0.2% and holds 127 securities. Indian residents can buy SPMD through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$10.55
Today's high
$10.63
52 week low
$9.10
52 week high
$10.82
SPMD opened at $10.63, closed previously at $10.56, and has traded between $9.10 and $10.82 over the past 52 weeks.
About
This investment fund seeks to mirror the performance of a specific benchmark. This index comprises a selection of prominent U.S. corporations, chosen because their combined financial stability and reduced price swings are generally lower than those found in the wider American stock market. Furthermore, a crucial aspect of this fund is its continuous strategy of converting the U.S. dollar currency exposure from the index back into euros.
Key statistics
Expense ratio
0.2%
Assets (AUM)
$130.7M
Holdings
127
NAV
$10.60
Avg. volume
26.33K
1-year price change
+12.19%
5-year price change
+39.79%
Price change excludes dividends.
Top 10 holdings
SPMD holds 127 securities in total. These 10 are 21.3% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy SPMD from India
Indian residents can buy SPMD 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 SPMD 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 SPMD and buy
Find the fund by its ticker, SPMD, on the London Stock Exchange ETF segment, and place your order.
Track holdings and download tax reports
Follow your SPMD 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 SPMD 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
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
FAQs
What is the SPMD price today?
iShares Edge S&P 500 Minimum Volatility UCITS ETF (SPMD) last traded at $10.57 on the London Stock Exchange ETF segment, as of 10 Nov 2026, 11:35 AM ET. That is ₹993 a unit at the 9 Nov 2026 USD/INR rate.
When does SPMD trade, in Indian time?
The London Stock Exchange ETF segment trades 1:30 pm – 10:00 pm IST. The window shifts to 12:30 pm – 9:00 pm IST when the UK is on daylight time. Orders can only execute during that window.
How big is SPMD, and what does it cost to hold?
iShares Edge S&P 500 Minimum Volatility UCITS ETF manages about $130.7M. Its expense ratio is 0.2% a year, deducted inside the fund. It launched in 2018.
Is SPMD a UCITS ETF?
Yes. iShares Edge S&P 500 Minimum Volatility UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in US dollars.
What are SPMD's largest holdings?
The top three are PROCTER & GAMBLE (2.3%), VISA CLASS A (2.2%) and ABBVIE (2.2%). SPMD's 10 largest positions make up 21.3% of the fund.
Is SPMD subject to US estate tax?
No. Because SPMD is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
Is SPMD accumulating or distributing?
Distributing. It pays dividends out to you in cash, taxed at your slab rate in India.
How are US dividends taxed inside SPMD?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on SPMD 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 SPMD performed?
SPMD's price is up 12.2% over the past year and up 39.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is SPMD different from a US-listed ETF?
SPMD is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.