NYSE Arca · ETF
Invest in SIL ETF from India
Indian and foreign residents can buy Global X - Silver Miners ETF (SIL) units directly through Paasa.
By Paasa · Updated
SIL at a glance
- Price
- $86.83-$0.16 (0.18%)
- Expense ratio
- 0.65%
- Day range
- $85.59 – $87.29
- Assets
- $4.5B
- Domicile
- the US
- Holdings
- 39
- Launched
- 2010
- Dividends
- Distributing
- 1 month
- -12.42%
- 6 months
- +3.15%
- YTD
- +1.54%
- 1 year
- +24.04%
- 5 years
- +151.97%
Price change, excluding dividends.
Top 10 holdings
- 1WHEATON PRECIOUS METALS CORP23.6%
- 2PAN AMERICAN SILVER CORP11.2%
- 3COEUR MINING INC11.0%
- 4HECLA MINING CO4.8%
- 5INDUSTRIAS PENOLES SAB DE CV4.6%
- 6FIRST MAJESTIC SILVER CORP4.6%
- 7SSR MINING INC4.3%
- 8OR ROYALTIES INC4.0%
- 9FRESNILLO PLC4.0%
- 10CIA DE MINAS BUENAVENTUR-ADR3.7%
SIL holds 39 securities in total. These 10 are 75.9% of the fund.
Where the money is invested
Sectors
- Basic Materials99.9%
- Consumer Defensive0.1%
Countries
- Canada62.4%
- United States20.6%
- Mexico8.6%
- Peru3.7%
- South Korea2.3%
- United Kingdom1.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SLVRXETRAGlobal X Silver Miners UCITS ETF USD Acc | 0.65% | 1.3B |
| SILVLSEGlobal X - Silver Miners UCITS ETF | 0.65% | 1.5B |
Assets are shown in each fund's own reporting currency.
How to invest in SIL 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 SIL and buy
Find the fund by its ticker, SIL, 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 SIL from India
What SIL holds
The Global X Silver Miners ETF (SIL) aims to deliver investment returns that broadly align with the overall financial performance of the Solactive Global Silver Miners Total Return Index. Its objective is to mirror the index's movements, encompassing both capital appreciation and income generation, prior to the deduction of any fund-related fees and operational expenses.
Hold a dollar asset
SIL 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 SIL 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 SIL from India?
Yes. Indian residents can buy Global X - Silver Miners ETF (SIL) 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 SIL invest in?
Global X - Silver Miners ETF holds 39 securities. Its largest holdings are WHEATON PRECIOUS METALS CORP (23.6%), PAN AMERICAN SILVER CORP (11.2%) and COEUR MINING INC (11.0%). Consumer Defensive is its largest sector at 0.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of SIL?
Global X - Silver Miners 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 $4.5B.
How are SIL dividends taxed in India?
Global X - Silver 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 SIL?
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 SIL unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $86.83, and there is no minimum trade size.
What happens to my SIL 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.