SIX Swiss Exchange · UCITS ETF
Invest in COPM ETF from India
Indian and foreign residents can buy iShares Copper Miners UCITS ETF (COPM) units directly through Paasa.
By Paasa · Updated
COPM at a glance
- Price
- $11.20-$0.01 (0.12%)
- Expense ratio
- 0.55%
- Day range
- $11.17 – $11.20
- Assets
- $779.0M
- Domicile
- Ireland
- Holdings
- 63
- Launched
- 2023
- Dividends
- —
- 1 month
- -9.88%
- 6 months
- +19.55%
- YTD
- +21.37%
- 1 year
- +52.41%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1FREEPORT MCMORAN INC8.4%
- 2GRUPO MEXICO B8.1%
- 3ANGLO AMERICAN PLC7.8%
- 4BHP GROUP LTD7.7%
- 5TECK RESOURCES SUBORDINATE VOTING6.8%
- 6NEWMONT5.5%
- 7RIO TINTO ADR REPTG ONE5.2%
- 8FIRST QUANTUM MINERALS4.7%
- 9SOUTHERN COPPER CORP4.6%
- 10ANTOFAGASTA PLC4.2%
COPM holds 63 securities in total. These 10 are 63.1% of the fund.
Where the money is invested
Sectors
- Basic Materials99.5%
- Industrials0.5%
Countries
- Canada29.1%
- United States18.9%
- United Kingdom17.1%
- Australia12.6%
- Mexico8.6%
- Switzerland3.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| COPXAMEXGlobal X - Copper Miners ETF | 0.65% | 7.3B |
| COPXLSEGlobal X - Copper Miners UCITS ETF | 0.55% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in COPM 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 COPM and buy
Find the fund by its ticker, COPM, on the SIX Swiss Exchange, and place your order.
Why invest in COPM from India
What COPM holds
The fund seeks to deliver investor returns through a blend of capital appreciation and income distributions from its holdings. Its performance is intended to mirror that of its benchmark, the STOXX Global Copper Miners Index.
Outside US estate tax
COPM 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
COPM 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 COPM's UCITS structure matters for Indian investors
COPM 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 COPM from India?
Yes. Indian residents can buy iShares Copper Miners UCITS ETF (COPM) through Paasa. It is listed on the SIX Swiss Exchange 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 COPM invest in?
iShares Copper Miners UCITS ETF holds 63 securities. Its largest holdings are FREEPORT MCMORAN INC (8.4%), GRUPO MEXICO B (8.1%) and ANGLO AMERICAN PLC (7.8%). Industrials is its largest sector at 0.5%. The fund is domiciled in Ireland.
What is the expense ratio of COPM?
iShares Copper Miners UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $779.0M.
Is COPM a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Copper Miners 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 COPM?
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.