NYSE Arca · ETF
Invest in SMCP ETF from India
Indian and foreign residents can buy SMART Mid ETF (SMCP) units directly through Paasa.
By Paasa · Updated
SMCP at a glance
- Price
- $26.67+$0.00 (0.00%)
- Expense ratio
- 0.79%
- Day range
- $26.67 – $26.67
- Assets
- $10.4M
- Domicile
- the US
- Holdings
- —
- Launched
- 2026
- Dividends
- Accumulating
Top 10 holdings
- 1Kiniksa Pharmaceuticals International PlcKNSA8.3%
- 2Cia de Minas Buenaventura SAABVN6.9%
- 3Aya Gold & Silver IncAYA6.8%
- 4Warrior Met Coal IncHCC6.6%
- 5Silicon Motion Technology CorpSIMO5.7%
- 6Hypera SAHYPMY5.5%
- 7First Busey CorpBUSE4.7%
- 8Eastern Bankshares IncEBC4.6%
- 9Customers Bancorp IncCUBI4.2%
- 10Central Puerto SACEPU3.8%
These 10 are 57.1% of the fund.
Where the money is invested
Sectors
- Industrials16.9%
- Financial Services16.7%
- Basic Materials16.5%
- Energy16.3%
- Healthcare14.9%
- Technology9.8%
Countries
- United States38.7%
- Canada8.9%
- United Kingdom8.3%
- Peru6.9%
- Argentina6.0%
- Hong Kong5.7%
How to invest in SMCP 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 SMCP and buy
Find the fund by its ticker, SMCP, 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 SMCP from India
What SMCP holds
Designed to pursue long-term capital appreciation through a quantitative, active management strategy focused on mid-cap U.S. companies. The Fund targets companies demonstrating strong revenue expansion, supported by improving earnings trends and sustained price momentum.
Dividends reinvested for you
Dividends from SMCP'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
SMCP 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 SMCP 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 SMCP from India?
Yes. Indian residents can buy SMART Mid ETF (SMCP) 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 SMCP invest in?
Its largest holdings are Kiniksa Pharmaceuticals International Plc (8.3%), Cia de Minas Buenaventura SAA (6.9%) and Aya Gold & Silver Inc (6.8%). Industrials is its largest sector at 16.9%. It is an accumulating fund domiciled in the US.
What is the expense ratio of SMCP?
SMART Mid ETF has an expense ratio of 0.79% a year, taken from the fund's assets rather than billed to you. The fund manages about $10.4M.
Does SMCP pay dividends?
No. SMART Mid 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 SMCP?
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 SMCP unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $26.67, and there is no minimum trade size.
What happens to my SMCP 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.