NASDAQ · ETF
Invest in USVM ETF from India
Indian and foreign residents can buy VictoryShares US Small Mid Value Momentum ETF (USVM) units directly through Paasa.
By Paasa · Updated
USVM at a glance
- Price
- $103.92-$0.34 (0.33%)
- Expense ratio
- 0.29%
- Day range
- $103.35 – $104.53
- Assets
- $1.7B
- Domicile
- the US
- Holdings
- 296
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -4.59%
- 6 months
- +11.71%
- YTD
- +12.98%
- 1 year
- +14.97%
- 5 years
- +48.10%
Price change, excluding dividends.
Top 10 holdings
- 1KITE REALTY GROUP TRUST0.7%
- 2PINNACLE WEST CAPITAL0.7%
- 3ELLINGTON FINANCIAL INC0.7%
- 4SOUTHWEST GAS HOLDINGS IN0.7%
- 5NEW JERSEY RESOURCES CORP0.6%
- 6BOK FINANCIAL CORP0.6%
- 7WHITE MOUNTAINS INSURANCE0.6%
- 8ONE GAS INC0.6%
- 9UNITED BANKSHARES INC0.6%
- 10SPIRE INC0.6%
USVM holds 296 securities in total. These 10 are 6.4% of the fund.
Where the money is invested
Sectors
- Financial Services24.9%
- Healthcare12.7%
- Consumer Cyclical12.3%
- Industrials10.7%
- Real Estate9.3%
- Technology8.2%
Countries
- United States94.3%
- Bermuda4.2%
- Puerto Rico0.5%
- Ireland0.5%
- United Kingdom0.3%
- Other0.2%
How to invest in USVM 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 USVM and buy
Find the fund by its ticker, USVM, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in USVM from India
What USVM holds
The fund endeavors to replicate the investment outcomes of the Nasdaq Victory US Small Mid Cap Value Momentum Index, excluding any deductions for operational fees and expenses. This benchmark index strategically targets equity securities issued by small and mid-cap companies.
Dividends reinvested for you
Dividends from USVM'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
USVM 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 USVM 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 USVM from India?
Yes. Indian residents can buy VictoryShares US Small Mid Value Momentum ETF (USVM) through Paasa. It is listed on NASDAQ 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 USVM invest in?
VictoryShares US Small Mid Value Momentum ETF holds 296 securities. Its largest holdings are KITE REALTY GROUP TRUST (0.7%), PINNACLE WEST CAPITAL (0.7%) and ELLINGTON FINANCIAL INC (0.7%). Financial Services is its largest sector at 24.9%. It is an accumulating fund domiciled in the US.
What is the expense ratio of USVM?
VictoryShares US Small Mid Value Momentum ETF has an expense ratio of 0.29% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.7B.
Does USVM pay dividends?
No. VictoryShares US Small Mid Value Momentum 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 USVM?
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 USVM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $103.92, and there is no minimum trade size.
What happens to my USVM 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.