SIX Swiss Exchange · ETF
Invest in CSSLI ETF from India
Indian and foreign residents can buy iShares SLI ETF CH (CSSLI) units directly through Paasa.
By Paasa · Updated
CSSLI at a glance
- Price
- CHF 237.15-CHF 1.30 (0.55%)
- Expense ratio
- 0.35%
- Day range
- CHF 237.15 – CHF 239.30
- Assets
- CHF 734.7M
- Domicile
- Switzerland
- Holdings
- 30
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -3.22%
- 6 months
- +10.43%
- YTD
- +4.38%
- 1 year
- +13.09%
- 5 years
- +18.25%
Price change, excluding dividends.
Top 10 holdings
- 1NOVARTIS AG9.5%
- 2ROCHE PS PAR AG9.0%
- 3ABB LTD9.0%
- 4NESTLE SA8.7%
- 5SWISS RE AG4.4%
- 6COMPAGNIE FINANCIERE RICHEMONT SA4.4%
- 7ZURICH INSURANCE GROUP AG4.3%
- 8LONZA GROUP AG4.2%
- 9UBS GROUP AG4.0%
- 10HOLCIM LTD AG3.7%
CSSLI holds 30 securities in total. These 10 are 61.1% of the fund.
Where the money is invested
Sectors
- Healthcare33.6%
- Financial Services26.4%
- Industrials11.7%
- Basic Materials11.5%
- Consumer Defensive9.3%
- Consumer Cyclical4.7%
Countries
- Switzerland97.0%
- United States1.7%
- Other1.3%
How to invest in CSSLI 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 CHF when you buy.
Step 3
Search CSSLI and buy
Find the fund by its ticker, CSSLI, on the SIX Swiss Exchange, and place your order.
Why invest in CSSLI from India
What CSSLI holds
The primary goal of this Fund is to replicate the performance of a particular index, which is constituted by the thirty largest companies based in Switzerland.
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.
Frequently asked questions
Can I buy CSSLI from India?
Yes. Indian residents can buy iShares SLI ETF CH (CSSLI) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. 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 CSSLI invest in?
iShares SLI ETF CH holds 30 securities. Its largest holdings are NOVARTIS AG (9.5%), ROCHE PS PAR AG (9.0%) and ABB LTD (9.0%). Healthcare is its largest sector at 33.6%. It is a distributing fund domiciled in Switzerland.
What is the expense ratio of CSSLI?
iShares SLI ETF CH has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 734.7M.
How are CSSLI dividends taxed in India?
iShares SLI ETF CH is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell CSSLI?
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 CHF/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.