NYSE Arca · ETF
Invest in MDYV ETF from India
Indian and foreign residents can buy State Street SPDR S&P 400 Mid Value ETF (MDYV) units directly through Paasa.
By Paasa · Updated
MDYV at a glance
- Price
- $93.88-$1.06 (1.12%)
- Expense ratio
- 0.15%
- Day range
- $93.75 – $94.83
- Assets
- $2.9B
- Domicile
- the US
- Holdings
- 298
- Launched
- 2005
- Dividends
- Accumulating
- 1 month
- +3.99%
- 6 months
- +4.33%
- YTD
- +9.83%
- 1 year
- +12.67%
- 5 years
- +29.31%
Price change, excluding dividends.
Top 10 holdings
- 1US FOODS HOLDING CORP1.4%
- 2RELIANCE INC1.3%
- 3TD SYNNEX CORP1.1%
- 4SHARKNINJA INC1.1%
- 5PERMIAN RESOURCES CORP CL A1.1%
- 6REINSURANCE GROUP OF AMERICA1.0%
- 7PERFORMANCE FOOD GROUP CO1.0%
- 8OVINTIV INC1.0%
- 9JONES LANG LASALLE INC1.0%
- 10JAMES HARDIE IND PLC0.9%
MDYV holds 298 securities in total. These 10 are 10.8% of the fund.
Where the money is invested
Sectors
- Financial Services22.2%
- Industrials18.5%
- Consumer Cyclical12.6%
- Real Estate8.8%
- Technology8.0%
- Basic Materials7.8%
Countries
- United States99.1%
- United Kingdom0.5%
- India0.2%
- Sweden0.2%
How to invest in MDYV 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 MDYV and buy
Find the fund by its ticker, MDYV, 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 MDYV from India
What MDYV holds
The State Street SPDR S&P 400 Mid Cap Value ETF aims to replicate the overall financial performance of the S&P MidCap 400 Value Index, prior to the deduction of any charges or operating costs. This benchmark index is composed of stocks that display the most robust "value" characteristics, which are identified through an assessment of their book value relative to their market price, their earnings in comparison to their market price, and their sales figures against their market price.
Dividends reinvested for you
Dividends from MDYV'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
MDYV 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 MDYV 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 MDYV from India?
Yes. Indian residents can buy State Street SPDR S&P 400 Mid Value ETF (MDYV) 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 MDYV invest in?
State Street SPDR S&P 400 Mid Value ETF holds 298 securities. Its largest holdings are US FOODS HOLDING CORP (1.4%), RELIANCE INC (1.3%) and TD SYNNEX CORP (1.1%). Financial Services is its largest sector at 22.2%. It is an accumulating fund domiciled in the US.
What is the expense ratio of MDYV?
State Street SPDR S&P 400 Mid Value 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 $2.9B.
Does MDYV pay dividends?
No. State Street SPDR S&P 400 Mid Value 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 MDYV?
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 MDYV unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $93.88, and there is no minimum trade size.
What happens to my MDYV 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.