Invesco STOXX Europe 600 Optimised Banks UCITS ETF
Invesco STOXX Europe 600 Optimised Banks UCITS ETF (XETRA: SC0U) is an exchange-traded fund listed on XETRA, trading at €251.85 (about ₹27,429 a unit) as of 30 Sep 2026, 3:26 AM ET. It has an expense ratio of 0.2%. Indian residents can buy SC0U through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€251.85
Today's high
€252.80
52 week low
€170.70
52 week high
€258.75
SC0U opened at €252.20, closed previously at €250.35, and has traded between €170.70 and €258.75 over the past 52 weeks.
About
This Invesco ETF strives to replicate the net total return performance of the STOXX Europe 600 Optimised Banks Index, after accounting for its operational costs. The underlying benchmark, known as the "Reference Index," offers a highly liquid mechanism for investors to monitor banking sector firms within the broader STOXX Europe 600 Banks Index, suitable for both long-term and short-term investment strategies. Its constituents are sourced from a comprehensive list of seventeen European nations: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. To achieve its investment objective, the fund primarily invests in a diversified portfolio of equities, which typically generates the majority of its returns, though these holdings may not identically match the Reference Index's components. To ensure precise tracking, it also enters into unfunded swap agreements with approved financial institutions. These contracts facilitate the exchange of any performance difference between the Reference Index and the fund's equity basket. This synthetic replication method is designed to provide a more exact and stable alignment with the Reference Index's performance than would typically be achievable through simply owning all its underlying assets. Operating as a passively managed, index-tracking fund, an investment in this ETF signifies the acquisition of units in a collective investment vehicle, rather than direct ownership of the specific securities held within its portfolio.
Key statistics
Expense ratio
0.2%
Assets (AUM)
€667.4M
Holdings
—
NAV
€251.85
Avg. volume
—
1-year price change
+41.47%
5-year price change
+280.21%
Price change excludes dividends.
Top 10 holdings
These 10 are 59.9% of the fund.
Where the money is invested
Countries
Similar funds
This is not an investment recommendation
How to buy SC0U from India
Indian residents can buy SC0U units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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, and Interactive Brokers converts the dollars to EUR when you buy.
Search SC0U and buy
Find the fund by its ticker, SC0U, on XETRA, and place your order.
Read the full guide: how to invest in SC0U from India
Trading and taxes when buying SC0U from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- 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 foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the SC0U price today?
Invesco STOXX Europe 600 Optimised Banks UCITS ETF (SC0U) last traded at €251.85 on XETRA, as of 30 Sep 2026, 3:26 AM ET. That is ₹27,429 a unit at the 29 Sep 2026 EUR/INR rate.
When does SC0U trade, in Indian time?
XETRA trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
How big is SC0U, and what does it cost to hold?
Invesco STOXX Europe 600 Optimised Banks UCITS ETF manages about €667.4M. Its expense ratio is 0.2% a year, deducted inside the fund. It launched in 2009.
Is SC0U a UCITS ETF?
Yes. Invesco STOXX Europe 600 Optimised Banks UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on XETRA and trades in EUR.
What are SC0U's largest holdings?
The top three are BANCO SANTANDER ORD (10.0%), HSBC HOLDINGS ORD (7.9%) and BANCO BILBAO VIZCAYA ARGENTARIA ORD (7.6%). SC0U's 10 largest positions make up 59.9% of the fund.
Is SC0U subject to US estate tax?
No. Because SC0U is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are US dividends taxed inside SC0U?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on SC0U taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has SC0U performed?
SC0U's price is up 41.5% over the past year and up 280.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is SC0U different from a US-listed ETF?
SC0U is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.