NYSE Arca · ETF
Invest in SPMD ETF from India
Indian and foreign residents can buy State Street SPDR Portfolio S&P 400 Mid ETF (SPMD) units directly through Paasa.
By Paasa · Updated
SPMD at a glance
- Price
- $63.40-$0.06 (0.09%)
- Expense ratio
- 0.03%
- Day range
- $63.03 – $63.69
- Assets
- $18.2B
- Domicile
- the US
- Holdings
- 400
- Launched
- 2005
- Dividends
- Accumulating
- 1 month
- -4.49%
- 6 months
- +9.39%
- YTD
- +8.32%
- 1 year
- +11.01%
- 5 years
- +37.35%
Price change, excluding dividends.
Top 10 holdings
- 1TWILIO INC A1.3%
- 2OKTA INC1.0%
- 3TECHNIPFMC PLC0.8%
- 4NVENT ELECTRIC PLC0.8%
- 5ATI INC0.7%
- 6ENTEGRIS INC0.7%
- 7UNITED THERAPEUTICS CORP0.6%
- 8TENET HEALTHCARE CORP0.6%
- 9XPO INC0.6%
- 10TD SYNNEX CORP0.6%
SPMD holds 400 securities in total. These 10 are 7.7% of the fund.
Where the money is invested
Countries
- United States96.0%
- United Kingdom1.8%
- Bermuda0.7%
- Ireland0.5%
- Cayman Islands0.4%
- Other0.4%
How to invest in SPMD 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 SPMD and buy
Find the fund by its ticker, SPMD, 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 SPMD from India
What SPMD holds
The State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund designed to closely mirror the overall investment performance of the S&P MidCap 400 Index, before accounting for its own fees and expenses. This cost-efficient ETF offers investors precise and extensive exposure to mid-sized U.S. companies.
Dividends reinvested for you
Dividends from SPMD'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
SPMD 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 SPMD 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 SPMD from India?
Yes. Indian residents can buy State Street SPDR Portfolio S&P 400 Mid ETF (SPMD) 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 SPMD invest in?
State Street SPDR Portfolio S&P 400 Mid ETF holds 400 securities. Its largest holdings are TWILIO INC A (1.3%), OKTA INC (1.0%) and TECHNIPFMC PLC (0.8%). It is an accumulating fund domiciled in the US.
What is the expense ratio of SPMD?
State Street SPDR Portfolio S&P 400 Mid ETF has an expense ratio of 0.03% a year, taken from the fund's assets rather than billed to you. The fund manages about $18.2B.
Does SPMD pay dividends?
No. State Street SPDR Portfolio S&P 400 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 SPMD?
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 SPMD unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $63.40, and there is no minimum trade size.
What happens to my SPMD 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.