NYSE Arca · ETF
Invest in SLVX ETF from India
Indian and foreign residents can buy Nicholas Silver ETF (SLVX) units directly through Paasa.
By Paasa · Updated
SLVX at a glance
- Price
- $14.91+$0.16 (1.06%)
- Expense ratio
- 1.16%
- Day range
- $14.56 – $14.98
- Assets
- $9.6M
- Domicile
- the US
- Holdings
- 47
- Launched
- 2026
- Dividends
- Distributing
Top 10 holdings
- 1abrdn Physical Silver Shares ETFSIVR43.6%
- 2SSR Mining IncSSREF6.6%
- 3Fortuna Mining CorpFSM5.5%
- 4First American Government Obligations Fund 12/01/20315.4%
- 5Silvercorp Metals IncSVTRF5.3%
- 6First Majestic Silver CorpFMCQF5.3%
- 7Pan American Silver CorpPAAS5.1%
- 8Wheaton Precious Metals CorpWPM5.0%
- 9COEUR MINING INC.CDE4.3%
- 10OR Royalties IncOR4.2%
SLVX holds 47 securities in total. These 10 are 90.4% of the fund.
Where the money is invested
Sectors
- Financial Services49.0%
- Basic Materials38.9%
- Utilities5.4%
- Healthcare5.2%
Countries
- United States54.1%
- Canada27.4%
- Switzerland6.4%
- United Kingdom5.4%
- Germany5.2%
- Other1.5%
How to invest in SLVX 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 SLVX and buy
Find the fund by its ticker, SLVX, 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 SLVX from India
What SLVX holds
The Nicholas Silver Income ETF aims to provide total returns by strategically investing in a broad range of silver-related assets. Its holdings typically include direct exposure to physical silver bullion, silver futures contracts, and the equity shares of companies actively involved in silver mining and production.
Hold a dollar asset
SLVX 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 SLVX 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 SLVX from India?
Yes. Indian residents can buy Nicholas Silver ETF (SLVX) 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 SLVX invest in?
Nicholas Silver ETF holds 47 securities. Its largest holdings are abrdn Physical Silver Shares ETF (43.6%), SSR Mining Inc (6.6%) and Fortuna Mining Corp (5.5%). Financial Services is its largest sector at 49.0%. It is a distributing fund domiciled in the US.
What is the expense ratio of SLVX?
Nicholas Silver ETF has an expense ratio of 1.16% a year, taken from the fund's assets rather than billed to you. The fund manages about $9.6M.
How are SLVX dividends taxed in India?
Nicholas Silver 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 SLVX?
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 SLVX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $14.91, and there is no minimum trade size.
What happens to my SLVX 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.