Prospect Capital Corporation
Prospect Capital Corporation (NASDAQ: PSEC) is trading at $2.08, about ₹200 at today's USD/INR rate, as of 30 Sep 2026, 4:00 PM ET, down 1.89% today. Indian residents can buy Prospect Capital from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$2.08
Today's high
$2.13
52 week low
$2.08
52 week high
$3.13
PSEC opened at $2.12, closed previously at $2.12, and has traded between $2.08 and $3.13 over the past 52 weeks.
About
Prospect Capital Corporation operates as a Business Development Company (BDC), providing diverse financing solutions predominantly to the middle market. The firm engages in a broad spectrum of investment activities, including growth capital, leveraged buyouts, acquisitions, recapitalizations, refinancing, and turnaround situations for mature, emerging, and later-stage companies. Its specialized offerings encompass mezzanine financing, subordinated debt tranches of collateralized loan obligations (CLOs), cash flow term loans, marketplace lending, and bridge transactions. Beyond corporate finance, Prospect Capital also allocates capital to real estate, with a specific focus on multi-family residential assets. The company deploys a variety of investment instruments, such as secured debt (including senior, unitranche, first-lien, and second-lien), private debt, mezzanine debt, and direct equity, primarily targeting private and microcap public businesses. Its investment strategy involves both primary originations and the acquisition of secondary loan portfolios, supporting situations like private equity-backed financings, corporate expansion, dividend recapitalizations, and real estate ventures. The firm intentionally concentrates on small and medium-sized private companies, rather than large public corporations. Prospect Capital maintains a diversified investment portfolio spanning numerous industries, with notable expertise in the energy and industrial sectors. Its extensive reach covers areas from aerospace and financial services to healthcare, technology, and consumer goods. Geographically, its operations are concentrated within the United States and Canada. Typically, PSEC commits between $10 million and $500 million per transaction. It seeks out companies with an EBITDA between $5 million and $150 million, sales figures ranging from $25 million to $500 million, and an enterprise value between $5 million and $1000 million. The BDC is also open to co-investing in larger opportunities. Prospect Capital often aims for control acquisitions by participating across various levels of a company's capital structure and engages in sole, agented, club, or syndicated deal arrangements.
Key statistics
Avg. volume
4.72M
Market cap
$1.04B
P/E Ratio
37.08
Price-to-sales ratio
1.63
Enterprise value
$2.93B
Free cash flow yield
46.58%
Debt-to-equity ratio
0.41
Return on equity
3.41%
ROIC
5.06%
Beta
0.79
Dividend yield
23.56%
Last dividend
$0.49
Financial overview
Revenue
$639.45M
Earnings per share
$0.06
Free cash flow
$516.31M
Net profit margin
24.03%
Gross margin
79.69%
EBITDA
$283.55M
Revenue growth
330.99%
Similar securities
This is not an investment recommendation
How to buy Prospect Capital from India
Indian residents can buy Prospect Capital shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Prospect Capital and place an order
Find Prospect Capital by name or by its ticker, PSEC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Prospect Capital trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Prospect Capital position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Prospect Capital from India
Trading and taxes when buying Prospect Capital from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Prospect Capital’s current yield is 23.56%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Prospect Capital stock?
Yes. Prospect Capital (PSEC) has been listed on NASDAQ since 2004, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Prospect Capital share cost in rupees?
One Prospect Capital share is $2.08 — about ₹200 at a USD/INR rate of 96.00 on 30 Sep 2026. Both the Prospect Capital price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Prospect Capital from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Prospect Capital?
Yes. One Prospect Capital share is $2.08, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Prospect Capital.
How are gains on Prospect Capital shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Prospect Capital price. Paasa issues a capital-gains statement for your return.
Does Prospect Capital pay a dividend, and how is it taxed in India?
Yes. Prospect Capital pays a dividend and the current yield is 23.56%; the last declared dividend was $0.49 per share, about ₹47.04. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Prospect Capital from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Prospect Capital shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Prospect Capital shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Prospect Capital holding, its cost and its closing value.
How do I sell Prospect Capital and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.