NYSE Arca · ETF
Invest in MDYG ETF from India
Indian and foreign residents can buy State Street SPDR S&P 400 Mid Growth ETF (MDYG) units directly through Paasa.
By Paasa · Updated
MDYG at a glance
- Price
- $104.85+$0.20 (0.19%)
- Expense ratio
- 0.15%
- Day range
- $104.10 – $105.23
- Assets
- $2.8B
- Domicile
- the US
- Holdings
- 247
- Launched
- 2005
- Dividends
- Accumulating
- 1 month
- -3.33%
- 6 months
- +11.54%
- YTD
- +12.21%
- 1 year
- +14.54%
- 5 years
- +36.93%
Price change, excluding dividends.
Top 10 holdings
- 1TWILIO INC ATWLO2.5%
- 2OKTA INCOKTA1.9%
- 3TECHNIPFMC PLCFTI1.6%
- 4NVENT ELECTRIC PLCNVT1.5%
- 5ATI INCATI1.4%
- 6UNITED THERAPEUTICS CORPUTHR1.2%
- 7TENET HEALTHCARE CORPTHC1.2%
- 8XPO INCXPO1.2%
- 9ROYAL GOLD INCRGLD1.1%
- 10ROKU INCROKU1.1%
MDYG holds 247 securities in total. These 10 are 14.5% of the fund.
Where the money is invested
Sectors
- Industrials26.4%
- Technology23.7%
- Healthcare16.0%
- Consumer Cyclical7.3%
- Financial Services7.3%
- Real Estate5.5%
Countries
- United States94.9%
- United Kingdom2.3%
- Ireland0.9%
- Bermuda0.8%
- Cayman Islands0.8%
- Sweden0.3%
How to invest in MDYG 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 MDYG and buy
Find the fund by its ticker, MDYG, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in MDYG from India
What MDYG holds
The State Street SPDR S&P 400 Mid Cap Growth ETF strives to deliver investment performance that closely aligns with the total return of the S&P MidCap 400 Growth Index (the "Index"), excluding the impact of charges and operational costs. This Index consists of stocks chosen for their prominent growth characteristics, evaluated by metrics such as sales expansion, the earnings change to price ratio, and market momentum.
Dividends reinvested for you
Dividends from MDYG's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
MDYG 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one MDYG unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy MDYG from India?
Yes. Indian residents can buy State Street SPDR S&P 400 Mid Growth ETF (MDYG) through Paasa. It is listed on NYSE Arca 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 MDYG invest in?
State Street SPDR S&P 400 Mid Growth ETF holds 247 securities. Its largest holdings are TWILIO INC A (2.5%), OKTA INC (1.9%) and TECHNIPFMC PLC (1.6%). Industrials is its largest sector at 26.4%. It is an accumulating fund domiciled in the US.
What is the expense ratio of MDYG?
State Street SPDR S&P 400 Mid Growth ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.8B.
Does MDYG pay dividends?
No. State Street SPDR S&P 400 Mid Growth ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell MDYG?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one MDYG unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $104.85, and there is no minimum trade size.
What happens to my MDYG units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.