London Stock Exchange ETF segment · UCITS ETF
Invest in CCAU ETF from India
Indian and foreign residents can buy iShares MSCI Canada UCITS ETF (CCAU) units directly through Paasa.
By Paasa · Updated
CCAU at a glance
- Price
- $304.27-$0.30 (0.10%)
- Expense ratio
- 0.48%
- Day range
- $303.14 – $307.49
- Assets
- $2.3B
- Domicile
- Ireland
- Holdings
- 81
- Launched
- 2010
- Dividends
- —
- 1 month
- -5.16%
- 6 months
- +8.83%
- YTD
- +8.08%
- 1 year
- +18.24%
- 5 years
- +75.76%
Price change, excluding dividends.
Top 10 holdings
- 1ROYAL BANK OF CANADA9.2%
- 2TORONTO DOMINION6.6%
- 3SHOPIFY SUBORDINATE VOTING CLASS A5.8%
- 4BANK OF MONTREAL3.9%
- 5BANK OF NOVA SCOTIA3.8%
- 6ENBRIDGE3.4%
- 7CANADIAN IMPERIAL BANK OF COMMERCE3.4%
- 8CANADIAN NATURAL RESOURCES LTD3.3%
- 9AGNICO EAGLE MINES3.1%
- 10SUNCOR ENERGY INC2.7%
CCAU holds 81 securities in total. These 10 are 45.1% of the fund.
Where the money is invested
Sectors
- Financial Services39.1%
- Energy17.4%
- Basic Materials16.2%
- Technology9.1%
- Industrials8.9%
- Consumer Cyclical3.4%
Countries
- Canada98.1%
- United States1.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWCAMEXiShares MSCI Canada ETF | 0.5% | 7.1B |
| HCADLSEHSBC MSCI Canada UCITS ETF | 0.35% | 134.8M |
Assets are shown in each fund's own reporting currency.
How to invest in CCAU 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 CCAU and buy
Find the fund by its ticker, CCAU, on the London Stock Exchange ETF segment, and place your order.
Why invest in CCAU from India
What CCAU holds
Its purpose is to replicate the returns of an equity benchmark, specifically one made up of Canadian enterprises.
Outside US estate tax
CCAU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
CCAU 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.
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 CCAU's UCITS structure matters for Indian investors
CCAU 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 CCAU from India?
Yes. Indian residents can buy iShares MSCI Canada UCITS ETF (CCAU) through Paasa. It is listed on the London Stock Exchange ETF segment 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 CCAU invest in?
iShares MSCI Canada UCITS ETF holds 81 securities. Its largest holdings are ROYAL BANK OF CANADA (9.2%), TORONTO DOMINION (6.6%) and SHOPIFY SUBORDINATE VOTING CLASS A (5.8%). Financial Services is its largest sector at 39.1%. The fund is domiciled in Ireland.
What is the expense ratio of CCAU?
iShares MSCI Canada UCITS ETF has an expense ratio of 0.48% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.3B.
Is CCAU a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Canada 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.
What tax do I pay in India when I sell CCAU?
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.