Invesco JPX-Nikkei 400 UCITS ETF
Invesco JPX-Nikkei 400 UCITS ETF (XETRA: SMLN) is an exchange-traded fund listed on XETRA, trading at €260.15 (about ₹28,333 a unit) as of 30 Sep 2026, 7:12 AM ET. It has an expense ratio of 0.19%. Indian residents can buy SMLN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€260.15
Today's high
€262.10
52 week low
€198.06
52 week high
€262.10
SMLN opened at €261.40, closed previously at €256.60, and has traded between €198.06 and €262.10 over the past 52 weeks.
About
The Invesco JPX-Nikkei 400 UCITS ETF Acc aims to mirror the net total return of its benchmark, the JPX-Nikkei 400 Index, after accounting for fees. This Reference Index provides extensive exposure to 400 companies listed on the Tokyo Stock Exchange, encompassing large, small, growth-oriented, and innovative market segments. It specifically identifies companies poised for significant shareholder value creation. Jointly created by Nikkei and the Japan Exchange Group, its constituent selection goes beyond mere company size, incorporating rigorous standards such as return on equity (ROE), operating profitability, and corporate governance. The fund endeavors to achieve its goal primarily through investment in a diversified equity portfolio. While this portfolio generates the majority of its returns, its holdings generally do not precisely match those of the index. To ensure a more precise and stable alignment with the index's performance than pure physical replication typically permits, the fund also employs unfunded swap contracts. These financial instruments, arranged with approved counterparties, facilitate the exchange of any disparity between the index's returns and those of the fund's equity holdings. Operating as a passively managed ETF, an investment represents the acquisition of units in an index-tracking vehicle, rather than direct ownership of the fund's underlying securities.
Key statistics
Expense ratio
0.19%
Assets (AUM)
€191.4M
Holdings
—
NAV
€256.59
Avg. volume
—
1-year price change
+29.62%
5-year price change
+60.05%
Price change excludes dividends.
Top 10 holdings
These 10 are 17.2% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy SMLN from India
Indian residents can buy SMLN 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 SMLN and buy
Find the fund by its ticker, SMLN, on XETRA, and place your order.
Read the full guide: how to invest in SMLN from India
Trading and taxes when buying SMLN 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 SMLN price today?
Invesco JPX-Nikkei 400 UCITS ETF (SMLN) last traded at €260.15 on XETRA, as of 30 Sep 2026, 7:12 AM ET. That is ₹28,333 a unit at the 29 Sep 2026 EUR/INR rate.
When does SMLN 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 SMLN, and what does it cost to hold?
Invesco JPX-Nikkei 400 UCITS ETF manages about €191.4M. Its expense ratio is 0.19% a year, deducted inside the fund. It launched in 2014.
Is SMLN a UCITS ETF?
Yes. Invesco JPX-Nikkei 400 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 SMLN's largest holdings?
The top three are RECRUIT HOLDINGS ORD (2.1%), HITACHI ORD (1.8%) and ITOCHU ORD (1.8%). SMLN's 10 largest positions make up 17.2% of the fund.
Is SMLN subject to US estate tax?
No. Because SMLN 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 SMLN?
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 SMLN 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 SMLN performed?
SMLN's price is up 29.6% over the past year and up 60.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is SMLN different from a US-listed ETF?
SMLN 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.