State Street SPDR S&P 500 ETF
State Street SPDR S&P 500 ETF (AMEX: SPY) is an exchange-traded fund listed on NYSE Arca, trading at $771.35 (about ₹73,988 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.09% and holds 504 securities. Indian residents can buy SPY through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$766.29
Today's high
$772.27
52 week low
$629.28
52 week high
$779.37
SPY opened at $768.78, closed previously at $767.18, and has traded between $629.28 and $779.37 over the past 52 weeks.
About
SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can`t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.
Key statistics
Expense ratio
0.09%
Assets (AUM)
$818.7B
Holdings
504
NAV
$767.44
Avg. volume
—
1-year price change
+17.22%
5-year price change
+74.26%
Price change excludes dividends.
Top 10 holdings
SPY holds 504 securities in total. These 10 are 38.7% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy SPY from India
Indian residents can buy SPY 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 SPY and buy
Find the fund by its ticker, SPY, 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 SPY from India
Trading and taxes when buying SPY 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
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 SPY price today?
State Street SPDR S&P 500 ETF (SPY) last traded at $771.35 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹73,988 a unit at the 25 Sep 2026 USD/INR rate.
When does SPY 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 SPY, and what does it cost to hold?
State Street SPDR S&P 500 ETF manages about $818.7B. Its expense ratio is 0.09% a year, deducted inside the fund. It launched in 1993.
What are SPY's largest holdings?
The top three are NVIDIA CORP (8.2%), APPLE INC (7.4%) and MICROSOFT CORP (5.6%). SPY's 10 largest positions make up 38.7% of the fund.
Does SPY pay dividends?
Yes. SPY 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 SPY 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 SPY?
Yes. You can buy SPY by amount rather than by whole unit, and there is no minimum trade size.
How has SPY performed?
SPY's price is up 17.2% over the past year and up 74.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.