NASDAQ · ETF
Invest in SFLO ETF from India
Indian and foreign residents can buy VictoryShares Small Free Cash Flow ETF (SFLO) units directly through Paasa.
By Paasa · Updated
SFLO at a glance
- Price
- $37.50-$0.04 (0.09%)
- Expense ratio
- 0.56%
- Day range
- $37.36 – $37.68
- Assets
- $822.4M
- Domicile
- the US
- Holdings
- 202
- Launched
- 2023
- Dividends
- Accumulating
- 1 month
- -5.72%
- 6 months
- +25.53%
- YTD
- +26.25%
- 1 year
- +27.32%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1OSCAR HEALTH INCOSCR1.5%
- 2GODADDY INC - CLASS AGDDY1.4%
- 3LYFT INCLYFT1.4%
- 4CHORD ENERGY CORPCHRD1.3%
- 5PINTEREST INCPINS1.3%
- 6MAGNOLIA OIL & GAS CORPMGY1.2%
- 7VIPER ENERGY INCVNOM1.2%
- 8CENTURY ALUMINUM CO.CENX1.1%
- 9TALOS ENERGY INCTALO1.1%
- 10TOLL BROTHERS INC.TOL1.1%
SFLO holds 202 securities in total. These 10 are 12.6% of the fund.
Where the money is invested
Sectors
- Technology27.3%
- Consumer Cyclical16.0%
- Energy15.4%
- Industrials12.4%
- Healthcare12.3%
- Communication Services8.1%
Countries
- United States94.0%
- Bermuda3.4%
- Canada0.7%
- Luxembourg0.6%
- United Kingdom0.6%
- Israel0.4%
How to invest in SFLO 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 SFLO and buy
Find the fund by its ticker, SFLO, 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 SFLO from India
What SFLO holds
This exchange-traded fund (ETF) aims to mirror the investment performance of the Victory U.S. Small Cap Free Cash Flow Index. It achieves this by investing in financially sound, smaller American companies selected for their undervalued market prices, robust free cash flow generation, and promising potential for expansion.
Dividends reinvested for you
Dividends from SFLO'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
SFLO 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 SFLO 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 SFLO from India?
Yes. Indian residents can buy VictoryShares Small Free Cash Flow ETF (SFLO) 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 SFLO invest in?
VictoryShares Small Free Cash Flow ETF holds 202 securities. Its largest holdings are OSCAR HEALTH INC (1.5%), GODADDY INC - CLASS A (1.4%) and LYFT INC (1.4%). Technology is its largest sector at 27.3%. It is an accumulating fund domiciled in the US.
What is the expense ratio of SFLO?
VictoryShares Small Free Cash Flow ETF has an expense ratio of 0.56% a year, taken from the fund's assets rather than billed to you. The fund manages about $822.4M.
Does SFLO pay dividends?
No. VictoryShares Small Free Cash Flow 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 SFLO?
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 SFLO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $37.50, and there is no minimum trade size.
What happens to my SFLO 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.