NYSE Arca · ETF
Invest in URNM ETF from India
Indian and foreign residents can buy Sprott Uranium Miners ETF (URNM) units directly through Paasa.
By Paasa · Updated
URNM at a glance
- Price
- $48.25+$0.33 (0.69%)
- Expense ratio
- 0.75%
- Day range
- $47.87 – $48.75
- Assets
- $1.9B
- Domicile
- the US
- Holdings
- 26
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -14.84%
- 6 months
- -19.29%
- YTD
- -11.79%
- 1 year
- -20.04%
- 5 years
- +25.59%
Price change, excluding dividends.
Top 10 holdings
- 1Cameco Corp.20.2%
- 2Sprott Physical Uranium Trust15.0%
- 3NexGen Energy Ltd.12.7%
- 4NAC Kazatomprom JSC4.8%
- 5CGN Mining Co. Ltd.4.6%
- 6Uranium Energy Corp.4.4%
- 7Paladin Energy Ltd.4.3%
- 8Energy Fuels Inc.4.3%
- 9Denison Mines Corp.4.2%
- 10Yellow Cake PLC4.2%
URNM holds 26 securities in total. These 10 are 78.7% of the fund.
Where the money is invested
Sectors
- Energy98.4%
- Basic Materials1.3%
- Financial Services0.1%
Countries
- Canada57.9%
- Australia15.4%
- United States13.0%
- Kazakhstan4.8%
- Hong Kong4.6%
- United Kingdom4.2%
How to invest in URNM 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 URNM and buy
Find the fund by its ticker, URNM, 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 URNM from India
What URNM holds
The Sprott Uranium Miners ETF (URNM) primarily invests a minimum of 80% of its total assets in companies included in its benchmark index. This index is specifically designed to track businesses that dedicate a substantial portion—at least 50%—of their assets to either: (1) the direct activities of uranium mining, exploration, development, and production, or (2) related non-mining ventures such as holding physical uranium, owning uranium royalties, or providing other support services to the uranium industry.
Hold a dollar asset
URNM 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 URNM 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 URNM from India?
Yes. Indian residents can buy Sprott Uranium Miners ETF (URNM) 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 URNM invest in?
Sprott Uranium Miners ETF holds 26 securities. Its largest holdings are Cameco Corp. (20.2%), Sprott Physical Uranium Trust (15.0%) and NexGen Energy Ltd. (12.7%). Energy is its largest sector at 98.4%. It is a distributing fund domiciled in the US.
What is the expense ratio of URNM?
Sprott Uranium Miners ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.9B.
How are URNM dividends taxed in India?
Sprott Uranium Miners ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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.
What tax do I pay in India when I sell URNM?
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 URNM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $48.25, and there is no minimum trade size.
What happens to my URNM 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.