London Stock Exchange ETF segment · UCITS ETF
Invest in CDIS ETF from India
Indian and foreign residents can buy State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS) units directly through Paasa.
By Paasa · Updated
CDIS at a glance
- Price
- €155.29-€0.95 (0.61%)
- Expense ratio
- 0.18%
- Day range
- €153.48 – €155.64
- Assets
- €74.8M
- Domicile
- Ireland
- Holdings
- 34
- Launched
- 2001
- Dividends
- —
- 1 month
- +5.90%
- 6 months
- +3.38%
- YTD
- -12.07%
- 1 year
- -12.13%
- 5 years
- -11.53%
Price change, excluding dividends.
Top 10 holdings
- 1Compagnie Financiere Richemont SA13.2%
- 2LVMH Moet Hennessy Louis Vuitton SE12.9%
- 3Industria de Diseno Textil S.A.8.4%
- 4Compass Group PLC6.6%
- 5Hermes International SCA6.0%
- 6Ferrari NV5.8%
- 7Prosus N.V. Class N5.6%
- 8adidas AG3.7%
- 9Mercedes-Benz Group AG3.5%
- 10Amadeus IT Group SA Class A3.4%
CDIS holds 34 securities in total. These 10 are 69.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical95.1%
- Technology3.3%
- Communication Services1.0%
- Industrials0.6%
Countries
- France26.0%
- Germany15.6%
- United Kingdom14.7%
- Switzerland14.6%
- Spain11.6%
- Netherlands6.8%
How to invest in CDIS 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 CDIS and buy
Find the fund by its ticker, CDIS, on the London Stock Exchange ETF segment, and place your order.
Why invest in CDIS from India
What CDIS holds
This fund aims to replicate the market performance of major and moderately-sized European companies operating within the Consumer Discretionary industry.
Outside US estate tax
CDIS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 CDIS' UCITS structure matters for Indian investors
CDIS 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 CDIS from India?
Yes. Indian residents can buy State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS) through Paasa. It is listed on the London Stock Exchange ETF segment 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 CDIS invest in?
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF holds 34 securities. Its largest holdings are Compagnie Financiere Richemont SA (13.2%), LVMH Moet Hennessy Louis Vuitton SE (12.9%) and Industria de Diseno Textil S.A. (8.4%). Consumer Cyclical is its largest sector at 95.1%. The fund is domiciled in Ireland.
What is the expense ratio of CDIS?
State Street SPDR MSCI Europe Consumer Discretionary UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €74.8M.
Is CDIS a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI Europe Consumer Discretionary 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 CDIS?
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.