NYSE Arca · ETF
Invest in SLV ETF from India
Indian and foreign residents can buy iShares Silver Trust (SLV) units directly through Paasa.
By Paasa · Updated
SLV at a glance
- Price
- $55.48+$0.53 (0.96%)
- Expense ratio
- 0.5%
- Day range
- $54.81 – $55.50
- Assets
- $30.3B
- Domicile
- the US
- Holdings
- —
- Launched
- 2006
- Dividends
- —
- 1 month
- -7.56%
- 6 months
- -12.55%
- YTD
- -19.57%
- 1 year
- +30.54%
- 5 years
- +178.10%
Price change, excluding dividends.
Top holding
- 1Physical Silver100.0%
These 1 are 100.0% of the fund.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SLVRLSEWisdomTree Silver | 0.49% | 92.0M |
Assets are shown in each fund's own reporting currency.
How to invest in SLV 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 SLV and buy
Find the fund by its ticker, SLV, 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 SLV from India
What SLV holds
The iShares Silver Trust is designed to broadly replicate the market price movements of silver. This Trust operates outside the regulatory framework of the 1940 Investment Company Act, meaning it is not subject to the same stringent rules that govern registered mutual funds or ETFs.
Hold a dollar asset
SLV 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 SLV 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 SLV from India?
Yes. Indian residents can buy iShares Silver Trust (SLV) 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 SLV invest in?
Its largest holding is Physical Silver (100.0%). The fund is domiciled in the US.
What is the expense ratio of SLV?
iShares Silver Trust has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $30.3B.
What tax do I pay in India when I sell SLV?
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 SLV unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $55.48, and there is no minimum trade size.
What happens to my SLV 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.