NYSE Arca · ETF
Invest in SMDC ETF from India
Indian and foreign residents can buy Nomura Small and Mid ETF (SMDC) units directly through Paasa.
By Paasa · Updated
SMDC at a glance
- Price
- $20.57-$0.02 (0.10%)
- Expense ratio
- 0.7%
- Day range
- $20.33 – $20.73
- Assets
- $247.4M
- Domicile
- the US
- Holdings
- —
- Launched
- 2007
- Dividends
- Accumulating
Top 10 holdings
- 1LIGAND PHARMACEUTICALS INC2.1%
- 2EAST WEST BANCORP INC2.0%
- 3PERMIAN RESOURCES CORP1.9%
- 4CASEY'S GENERAL STORES INC1.8%
- 5HALOZYME THERAPEUTICS INC1.7%
- 6NEUROCRINE BIOSCIENCES INC1.7%
- 7SOUTHSTATE BANK CORP1.7%
- 8SEMTECH CORP1.6%
- 9GUIDEWIRE SOFTWARE INC1.5%
- 10STIFEL FINANCIAL CORP1.5%
These 10 are 17.5% of the fund.
Where the money is invested
Countries
- United States95.7%
- Bermuda2.0%
- Canada1.4%
- United Kingdom0.6%
- Cayman Islands0.3%
- Other0.1%
How to invest in SMDC 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 SMDC and buy
Find the fund by its ticker, SMDC, 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 SMDC from India
What SMDC holds
Nomura Small and Mid Cap ETF is an actively managed exchange-traded fund that seeks capital appreciation by investing primarily in equity securities of U.S. small- and mid-capitalization companies. The fund uses fundamental research to identify companies with attractive growth potential, evaluating factors such as valuation, earnings consistency, financial strength, and business prospects.
Dividends reinvested for you
Dividends from SMDC'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
SMDC 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 SMDC 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 SMDC from India?
Yes. Indian residents can buy Nomura Small and Mid ETF (SMDC) 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 SMDC invest in?
Its largest holdings are LIGAND PHARMACEUTICALS INC (2.1%), EAST WEST BANCORP INC (2.0%) and PERMIAN RESOURCES CORP (1.9%). It is an accumulating fund domiciled in the US.
What is the expense ratio of SMDC?
Nomura Small and Mid ETF has an expense ratio of 0.7% a year, taken from the fund's assets rather than billed to you. The fund manages about $247.4M.
Does SMDC pay dividends?
No. Nomura Small and 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 SMDC?
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 SMDC unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $20.57, and there is no minimum trade size.
What happens to my SMDC 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.