London Stock Exchange ETF segment · UCITS ETF
Invest in SMH ETF from India
Indian and foreign residents can buy VanEck Semiconductor UCITS ETF (SMH) units directly through Paasa.
By Paasa · Updated
SMH at a glance
- Price
- $111.78-$2.36 (2.07%)
- Expense ratio
- 0.35%
- Day range
- $111.10 – $114.34
- Assets
- $9.6B
- Domicile
- Ireland
- Holdings
- 25
- Launched
- 2020
- Dividends
- —
- 1 month
- +6.34%
- 6 months
- +68.90%
- YTD
- +78.25%
- 1 year
- +107.54%
- 5 years
- +344.94%
Price change, excluding dividends.
Top 10 holdings
- 1Advanced Micro Devices IncAMD11.3%
- 2Micron Technology IncMU10.0%
- 3Taiwan Semiconductor Manufacturing Co LTSM9.9%
- 4Nvidia CorpNVDA9.6%
- 5Broadcom IncAVGO9.2%
- 6Sk Hynix IncSKHYV9.2%
- 7Asml Holding NvASML8.1%
- 8Intel CorpINTC6.9%
- 9Lam Research CorpLRCX4.2%
- 10Applied Materials IncAMAT4.2%
SMH holds 25 securities in total. These 10 are 82.6% of the fund.
Where the money is invested
Countries
- United States71.7%
- Taiwan9.8%
- South Korea9.3%
- Netherlands8.6%
- Switzerland0.5%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SMHNASDAQVanEck Semiconductor ETF | 0.35% | 74.6B |
| SOXXNASDAQiShares Semiconductor ETF | 0.33% | 48.2B |
| CHPSNASDAQXtrackers Semiconductor Select Equity ETF | 0.15% | 125.4M |
Assets are shown in each fund's own reporting currency.
How to invest in SMH 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 SMH and buy
Find the fund by its ticker, SMH, on the London Stock Exchange ETF segment, and place your order.
Why invest in SMH from India
What SMH holds
Electrify your portfolio with the VanEck Semiconductor UCITS ETF. Semiconductors are at the heart of today’s tech revolution, yet just a small number of companies make them.
Outside US estate tax
SMH is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
SMH 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.
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.
Why SMH's UCITS structure matters for Indian investors
SMH is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy SMH from India?
Yes. Indian residents can buy VanEck Semiconductor UCITS ETF (SMH) through Paasa. It is listed on the London Stock Exchange ETF segment 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 SMH invest in?
VanEck Semiconductor UCITS ETF holds 25 securities. Its largest holdings are Advanced Micro Devices Inc (11.3%), Micron Technology Inc (10.0%) and Taiwan Semiconductor Manufacturing Co L (9.9%). The fund is domiciled in Ireland.
What is the expense ratio of SMH?
VanEck Semiconductor UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $9.6B.
Is SMH a UCITS ETF, and why does that matter for Indian investors?
Yes. VanEck Semiconductor UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell SMH?
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.