Euronext Amsterdam · UCITS ETF
Invest in CITY ETF from India
Indian and foreign residents can buy iShares Smart City Infrastructure UCITS ETF (CITY) units directly through Paasa.
By Paasa · Updated
CITY at a glance
- Price
- $10.40+$0.17 (1.62%)
- Expense ratio
- 0.4%
- Day range
- $10.32 – $10.42
- Assets
- $388.2M
- Domicile
- Ireland
- Holdings
- 155
- Launched
- 2020
- Dividends
- —
- 1 month
- +0.06%
- 6 months
- +9.32%
- YTD
- +11.78%
- 1 year
- +13.00%
- 5 years
- +46.98%
Price change, excluding dividends.
Top 10 holdings
- 1PALO ALTO NETWORKS2.1%
- 2PALANTIR TECHNOLOGIES CLASS A2.0%
- 3KINGSPAN GROUP PLC1.7%
- 4SMC (JAPAN) CORP1.6%
- 5EMERSON ELECTRIC1.6%
- 6VERALTO CORP1.6%
- 7GFL ENVIRONMENTAL SUBORDINATE VOTI1.6%
- 8MOTOROLA SOLUTIONS INC1.5%
- 9CLEAN HARBORS INC1.5%
- 10KEYSIGHT TECHNOLOGIES1.5%
CITY holds 155 securities in total. These 10 are 16.7% of the fund.
Where the money is invested
Sectors
- Industrials53.9%
- Technology33.1%
- Basic Materials4.5%
- Real Estate3.7%
- Communication Services2.9%
- Consumer Cyclical0.7%
Countries
- United States48.1%
- Japan10.8%
- Canada8.2%
- United Kingdom5.7%
- Sweden4.9%
- Ireland3.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CT2BAMSiShares Smart City Infrastructure UCITS ETF | 0.4% | 48.5M |
Assets are shown in each fund's own reporting currency.
How to invest in CITY 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 CITY and buy
Find the fund by its ticker, CITY, on Euronext Amsterdam, and place your order.
Why invest in CITY from India
What CITY holds
This iShares Smart City Infrastructure UCITS ETF is designed to mirror the financial performance of an underlying index. This index consists of companies operating across developed and emerging economies, which specialize in providing sustainable services and innovative solutions for the development and efficient management of smart urban infrastructure.
Outside US estate tax
CITY 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
CITY 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 CITY's UCITS structure matters for Indian investors
CITY 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 CITY from India?
Yes. Indian residents can buy iShares Smart City Infrastructure UCITS ETF (CITY) through Paasa. It is listed on Euronext Amsterdam 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 CITY invest in?
iShares Smart City Infrastructure UCITS ETF holds 155 securities. Its largest holdings are PALO ALTO NETWORKS (2.1%), PALANTIR TECHNOLOGIES CLASS A (2.0%) and KINGSPAN GROUP PLC (1.7%). Industrials is its largest sector at 53.9%. The fund is domiciled in Ireland.
What is the expense ratio of CITY?
iShares Smart City Infrastructure UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $388.2M.
Is CITY a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Smart City Infrastructure 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 CITY?
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.