XETRA · UCITS ETF
Invest in AVWS ETF from India
Indian and foreign residents can buy American Century Icav - Avantis Global Small Value Ucits ETF (AVWS) units directly through Paasa.
By Paasa · Updated
AVWS at a glance
- Price
- €24.84-€0.01 (0.04%)
- Expense ratio
- 0.39%
- Day range
- €24.59 – €24.88
- Assets
- €1.3B
- Domicile
- Ireland
- Holdings
- 1,812
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -1.95%
- 6 months
- +10.67%
- YTD
- +21.50%
- 1 year
- +27.62%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1MACY S INC COMMON STOCK USD.010.6%
- 2LEAR CORP COMMON STOCK USD.010.6%
- 3CHORD ENERGY CORP COMMON STOCK0.6%
- 4MATSON INC COMMON STOCK0.6%
- 5ABERCROMBIE + FITCH CO CL A COMMON STOCK USD.010.6%
- 6LYFT INC A COMMON STOCK USD.000010.6%
- 7CROCS INC COMMON STOCK USD.0010.6%
- 8WEATHERFORD INTERNATIONAL PL COMMON STOCK USD.0010.5%
- 9MATADOR RESOURCES CO COMMON STOCK USD.010.5%
- 10SM ENERGY CO COMMON STOCK USD.010.5%
AVWS holds 1,812 securities in total. These 10 are 5.8% of the fund.
Where the money is invested
Sectors
- Financial Services23.4%
- Consumer Cyclical20.2%
- Industrials13.7%
- Energy13.3%
- Basic Materials10.4%
- Technology6.4%
Countries
- United States62.9%
- Japan10.8%
- United Kingdom3.8%
- Canada3.3%
- Australia3.0%
- Bermuda2.9%
How to invest in AVWS 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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search AVWS and buy
Find the fund by its ticker, AVWS, on XETRA, and place your order.
Why invest in AVWS from India
What AVWS holds
The investment objective of the Fund is to seek long-term capital appreciation through investment in an actively managed portfolio of equity and equity-related securities issued by small capitalisation companies in developed countries.
Outside US estate tax
AVWS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from AVWS' holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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.
Why AVWS' UCITS structure matters for Indian investors
AVWS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy AVWS from India?
Yes. Indian residents can buy American Century Icav - Avantis Global Small Value Ucits ETF (AVWS) through Paasa. It is listed on XETRA and trades in EUR. 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 AVWS invest in?
American Century Icav - Avantis Global Small Value Ucits ETF holds 1,812 securities. Its largest holdings are MACY S INC COMMON STOCK USD.01 (0.6%), LEAR CORP COMMON STOCK USD.01 (0.6%) and CHORD ENERGY CORP COMMON STOCK (0.6%). Financial Services is its largest sector at 23.4%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of AVWS?
American Century Icav - Avantis Global Small Value Ucits ETF has an expense ratio of 0.39% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.3B.
Is AVWS a UCITS ETF, and why does that matter for Indian investors?
Yes. American Century Icav - Avantis Global Small Value Ucits ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Does AVWS pay dividends?
No. American Century Icav - Avantis Global Small Value Ucits 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 AVWS?
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 EUR/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.