NASDAQ · ETF
Invest in SETM ETF from India
Indian and foreign residents can buy Sprott Critical Materials ETF (SETM) units directly through Paasa.
By Paasa · Updated
SETM at a glance
- Price
- $29.67+$0.10 (0.34%)
- Expense ratio
- 0.65%
- Day range
- $29.45 – $30.00
- Assets
- $531.3M
- Domicile
- the US
- Holdings
- 157
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -14.45%
- 6 months
- -6.99%
- YTD
- +1.89%
- 1 year
- +16.86%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Freeport-McMoRan Inc.5.2%
- 2Cameco Corp.4.9%
- 3Lynas Rare Earths Ltd.4.6%
- 4PLS Group Ltd.3.9%
- 5NAC Kazatomprom JSC3.8%
- 6Albemarle Corp.3.4%
- 7Teck Resources Ltd.3.3%
- 8Hecla Mining Co.3.3%
- 9First Majestic Silver Corp.3.3%
- 10Sociedad Quimica y Minera de Chile SA3.3%
SETM holds 157 securities in total. These 10 are 38.8% of the fund.
Where the money is invested
Sectors
- Basic Materials74.4%
- Energy24.8%
- Industrials0.7%
- Consumer Defensive0.1%
Countries
- Canada34.2%
- United States22.6%
- Australia21.6%
- Kazakhstan3.8%
- Chile3.3%
- Peru3.0%
How to invest in SETM 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 SETM and buy
Find the fund by its ticker, SETM, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SETM from India
What SETM holds
This fund aims to mirror the performance of a specific index by investing at least 80% of its total capital in the index's constituent securities. The underlying index focuses on companies that generate a minimum of 50% of their revenue or hold at least 50% of their assets from activities integral to "energy transition materials." These activities span the full spectrum, including the discovery (exploration), extraction (mining), development, production, processing (refining or smelting), and recycling of these critical materials.
Hold a dollar asset
SETM 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 SETM 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 SETM from India?
Yes. Indian residents can buy Sprott Critical Materials ETF (SETM) through Paasa. It is listed on NASDAQ 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 SETM invest in?
Sprott Critical Materials ETF holds 157 securities. Its largest holdings are Freeport-McMoRan Inc. (5.2%), Cameco Corp. (4.9%) and Lynas Rare Earths Ltd. (4.6%). Basic Materials is its largest sector at 74.4%. It is a distributing fund domiciled in the US.
What is the expense ratio of SETM?
Sprott Critical Materials ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $531.3M.
How are SETM dividends taxed in India?
Sprott Critical Materials 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 SETM?
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 SETM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $29.67, and there is no minimum trade size.
What happens to my SETM 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.