London Stock Exchange ETF segment · ETF
Invest in PHSP ETF from India
Indian and foreign residents can buy WisdomTree Physical Silver (PHSP) units directly through Paasa.
By Paasa · Updated
PHSP at a glance
- Price
- £41.80+£0.55 (1.33%)
- Expense ratio
- 0.49%
- Day range
- £41.51 – £42.08
- Assets
- £1.9B
- Domicile
- Jersey
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -4.26%
- 6 months
- -18.93%
- YTD
- -18.97%
- 1 year
- +30.36%
- 5 years
- +169.97%
Price change, excluding dividends.
Top holding
- 1Silver100.0%
These 1 are 100.0% of the fund.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SSLNLSEiShares Physical Silver ETC | 0.2% | 2.4B |
| ISLNLSEiShares Physical Silver ETC | 0.2% | 3.1B |
| PHAGLSEWisdomTree Physical Silver | 0.49% | 2.5B |
| SSLVLSEInvesco Physical Silver ETC | 0.19% | 33.2B |
| PHAGAMSWisdomTree Physical Silver | 0.49% | 2.2B |
Assets are shown in each fund's own reporting currency.
How to invest in PHSP 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, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search PHSP and buy
Find the fund by its ticker, PHSP, on the London Stock Exchange ETF segment, and place your order.
Why invest in PHSP from India
What PHSP holds
WisdomTree Physical Silver is a UCITS-compliant Exchange Traded Commodity (ETC) designed to provide investors with a straightforward, economical, and secure avenue for exposure to physical silver. Its value directly tracks fluctuations in the silver spot price, accounting for applicable management fees.
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.
Frequently asked questions
Can I buy PHSP from India?
Yes. Indian residents can buy WisdomTree Physical Silver (PHSP) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 PHSP invest in?
Its largest holding is Silver (100.0%). The fund is domiciled in Jersey.
What is the expense ratio of PHSP?
WisdomTree Physical Silver has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.9B.
What tax do I pay in India when I sell PHSP?
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 GBP/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.