New York Stock Exchange · Financial Services
Invest in Sound Point Meridian Capital stock from India
Indian and foreign residents can buy Sound Point Meridian Capital (SPME) shares directly through Paasa.
By Paasa · Updated
Sound Point Meridian Capital at a glance
- Price
- $24.85+$0.05 (0.20%)
- Market cap
- $510.35M
- Day range
- $24.68 – $24.85
- P/E
- —
- Dividend yield
- —
- Volume
- 2.66K
- 1 month
- -0.20%
- 6 months
- +0.89%
- YTD
- -1.55%
- 1 year
- -0.80%
- 5 years
- -0.40%
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Tri-Continental Corporation PFD $2.50 | TY-P | $39.50 | $2.10B |
| Tri-Continental | TY | $34.38 | $1.83B |
| Eagle Point Credit | ECCU | $24.90 | $825.39M |
| Eagle Point Income | EICA | $24.99 | $575.88M |
| RiverNorth/DoubleLine Strategic Opportunity Fund | OPP-PB | $16.31 | $236.49M |
| Saba Capital Income & Opportunities Fund II | SABA | $7.96 | $212.96M |
| OFS Credit | OCCIO | $24.98 | $162.06M |
| Pearl Diver Credit | PDCC | $8.67 | $59.00M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Sound Point Meridian Capital 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 SPME and buy
Find Sound Point Meridian Capital by name or by its ticker, SPME, and place your order. Fractional shares are available and there is no minimum trade size, so you can buy by amount instead of whole shares.
Why invest in Sound Point Meridian Capital from India
What Sound Point Meridian Capital does
Sound Point Meridian Capital, LLC, founded in 2022, functions as a closed-end investment management company based in the United States. Its primary investment strategy involves allocating capital to the equity and mezzanine tranches of collateralized loan obligations (CLOs). Sound Point Meridian Capital operates in the Asset Management industry within the Financial Services sector.
Hold a dollar asset
Sound Point Meridian Capital shares are priced in US dollars, so a weaker rupee adds to what they're worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a share
Buy by amount, not by share, and get the matching fraction of one Sound Point Meridian Capital share. 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 stocks? Here's what US estate tax means for you.
US-listed shares 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.
There are two ways to plan for it: keep the right estate documentation in place, or get your financial services exposure through a UCITS ETF instead, which sits outside US estate tax.
Frequently asked questions
Can I buy Sound Point Meridian Capital stock from India?
Yes. Indian residents and NRIs can buy Sound Point Meridian Capital (SPME) shares directly through Paasa. Sound Point Meridian Capital is listed on the New York Stock Exchange, in the Asset Management industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Sound Point Meridian Capital share?
No. You can buy part of one Sound Point Meridian Capital share and add to your position over time. One share is $24.85, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Sound Point Meridian Capital dividends taxed for Indian investors?
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, which is what you need when you file.
What tax do I pay in India when I sell Sound Point Meridian Capital shares?
The US does not levy capital gains tax on shares for Indian residents. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares 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.
What happens to my Sound Point Meridian Capital shares if I pass away?
US-listed shares 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. There are two ways to plan for it: keep the right estate documentation in place, or get your financial services exposure through a UCITS ETF instead, which sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.