NYSE Arca · ETF
Invest in PSIL ETF from India
Indian and foreign residents can buy AdvisorShares Psychedelics ETF (PSIL) units directly through Paasa.
By Paasa · Updated
PSIL at a glance
- Price
- $22.90-$0.24 (1.04%)
- Expense ratio
- 1.84%
- Day range
- $22.75 – $23.02
- Assets
- $53.8M
- Domicile
- the US
- Holdings
- 25
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -9.31%
- 6 months
- +41.36%
- YTD
- +33.92%
- 1 year
- +19.83%
- 5 years
- -74.86%
Price change, excluding dividends.
Top 10 holdings
- 1COMPASS PATHWAYS PLC11.7%
- 2Definium Therapeutics, Inc10.9%
- 3CYBIN INC9.1%
- 4RELMADA THERAPEUTICS INC4.8%
- 5NEURONETICS INC4.7%
- 6ELI LILLY & CO4.6%
- 7NRX PHARMACEUTICALS INC4.5%
- 8ABBVIE INC4.5%
- 9NEUROCRINE BIOSCIENCES INC4.4%
- 10GH RESEARCH PLC4.4%
PSIL holds 25 securities in total. These 10 are 63.6% of the fund.
Where the money is invested
Countries
- United States61.7%
- Canada17.4%
- United Kingdom11.7%
- Ireland7.8%
- Australia1.0%
- Other0.3%
How to invest in PSIL 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 PSIL and buy
Find the fund by its ticker, PSIL, 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 PSIL from India
What PSIL holds
This actively managed Exchange Traded Fund (ETF) endeavors to meet its investment goals by typically allocating a minimum of 80% of its total net assets (including any capital secured through borrowing for investment purposes) into the securities of specific companies. To be eligible for inclusion, these companies must either derive at least half of their net revenue from, or commit 50% or more of their assets to, psychedelic compounds, their derivatives, or other financial instruments exhibiting similar economic characteristics.
Hold a dollar asset
PSIL 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 PSIL 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 PSIL from India?
Yes. Indian residents can buy AdvisorShares Psychedelics ETF (PSIL) 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 PSIL invest in?
AdvisorShares Psychedelics ETF holds 25 securities. Its largest holdings are COMPASS PATHWAYS PLC (11.7%), Definium Therapeutics, Inc (10.9%) and CYBIN INC (9.1%). It is a distributing fund domiciled in the US.
What is the expense ratio of PSIL?
AdvisorShares Psychedelics ETF has an expense ratio of 1.84% a year, taken from the fund's assets rather than billed to you. The fund manages about $53.8M.
How are PSIL dividends taxed in India?
AdvisorShares Psychedelics ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell PSIL?
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 PSIL unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $22.90, and there is no minimum trade size.
What happens to my PSIL 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.