NYSE Arca · ETF
Invest in SGDM ETF from India
Indian and foreign residents can buy Sprott Gold Miners ETF (SGDM) units directly through Paasa.
By Paasa · Updated
SGDM at a glance
- Price
- $78.31+$0.94 (1.21%)
- Expense ratio
- 0.46%
- Day range
- $76.90 – $78.35
- Assets
- $694.2M
- Domicile
- the US
- Holdings
- 48
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- -9.07%
- 6 months
- +10.53%
- YTD
- +10.69%
- 1 year
- +28.86%
- 5 years
- +214.50%
Price change, excluding dividends.
Top 10 holdings
- 1Agnico Eagle Mines Ltd.AEM.TO9.7%
- 2Barrick Mining Corp.ABX.TO7.5%
- 3Newmont Corp.NEM7.5%
- 4Wheaton Precious Metals Corp.WPM.TO7.0%
- 5Franco-Nevada Corp.FNV.TO6.0%
- 6Kinross Gold Corp.K.TO4.1%
- 7Pan American Silver Corp.PAAS.TO3.6%
- 8Coeur Mining Inc.CDE3.6%
- 9Endeavour Mining PLCEDV.TO3.3%
- 10Lundin Gold Inc.LUG.TO3.2%
SGDM holds 48 securities in total. These 10 are 55.4% of the fund.
Where the money is invested
Countries
- Canada78.5%
- United States14.1%
- South Africa3.8%
- United Kingdom3.3%
- Other0.2%
- Australia0.1%
How to invest in SGDM 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 SGDM and buy
Find the fund by its ticker, SGDM, 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 SGDM from India
What SGDM holds
The Sprott Gold Miners ETF (SGDM) endeavors to replicate the investment performance of its underlying benchmark index. This index specifically targets gold-producing companies situated in the United States and Canada, provided their common stock or American Depositary Receipts (ADRs) are traded on the Toronto Stock Exchange, the New York Stock Exchange, or NASDAQ.
Hold a dollar asset
SGDM 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 SGDM 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 SGDM from India?
Yes. Indian residents can buy Sprott Gold Miners ETF (SGDM) 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 SGDM invest in?
Sprott Gold Miners ETF holds 48 securities. Its largest holdings are Agnico Eagle Mines Ltd. (9.7%), Barrick Mining Corp. (7.5%) and Newmont Corp. (7.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of SGDM?
Sprott Gold Miners ETF has an expense ratio of 0.46% a year, taken from the fund's assets rather than billed to you. The fund manages about $694.2M.
How are SGDM dividends taxed in India?
Sprott Gold Miners 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 SGDM?
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 SGDM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $78.31, and there is no minimum trade size.
What happens to my SGDM 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.