London Stock Exchange ETF segment · UCITS ETF
Invest in GDX ETF from India
Indian and foreign residents can buy VanEck Gold Miners UCITS ETF (GDX) units directly through Paasa.
By Paasa · Updated
GDX at a glance
- Price
- $100.01+$0.01 (0.01%)
- Expense ratio
- 0.53%
- Day range
- $99.68 – $103.41
- Assets
- $4.3B
- Domicile
- Ireland
- Holdings
- 59
- Launched
- 2015
- Dividends
- —
- 1 month
- -13.42%
- 6 months
- +1.53%
- YTD
- +1.11%
- 1 year
- +16.40%
- 5 years
- +216.29%
Price change, excluding dividends.
Top 10 holdings
- 1Newmont Corp11.1%
- 2Agnico Eagle Mines Ltd11.0%
- 3Barrick Mining Corp7.9%
- 4Wheaton Precious Metals Corp5.5%
- 5Franco-Nevada Corp5.2%
- 6Anglogold Ashanti Plc4.9%
- 7Kinross Gold Corp3.8%
- 8Gold Fields Ltd3.8%
- 9Northern Star Resources Ltd2.7%
- 10Pan American Silver Corp2.7%
GDX holds 59 securities in total. These 10 are 58.7% of the fund.
Where the money is invested
Countries
- Canada55.9%
- United States22.2%
- Australia8.3%
- South Africa4.9%
- Mexico2.5%
- United Kingdom1.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GDXAMEXVanEck Gold Miners ETF | 0.51% | 26.4B |
| AUAUAMEXGlobal X - Gold Miners ETF | 0.35% | 6.1M |
Assets are shown in each fund's own reporting currency.
How to invest in GDX from India
Step 1
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.
Step 2
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.
Step 3
Search GDX and buy
Find the fund by its ticker, GDX, on the London Stock Exchange ETF segment, and place your order.
Why invest in GDX from India
What GDX holds
Gold has consistently demonstrated its value as a robust financial sanctuary, particularly during times of economic volatility and instability. The VanEck Gold Miners UCITS ETF is designed to invest in the equities of companies that extract gold and silver, whose market values are highly responsive to fluctuations in the price of gold itself.
Outside US estate tax
GDX is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
GDX is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why GDX's UCITS structure matters for Indian investors
GDX is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy GDX from India?
Yes. Indian residents can buy VanEck Gold Miners UCITS ETF (GDX) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does GDX invest in?
VanEck Gold Miners UCITS ETF holds 59 securities. Its largest holdings are Newmont Corp (11.1%), Agnico Eagle Mines Ltd (11.0%) and Barrick Mining Corp (7.9%). The fund is domiciled in Ireland.
What is the expense ratio of GDX?
VanEck Gold Miners UCITS ETF has an expense ratio of 0.53% a year, taken from the fund's assets rather than billed to you. The fund manages about $4.3B.
Is GDX a UCITS ETF, and why does that matter for Indian investors?
Yes. VanEck Gold Miners UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell GDX?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.