SIX Swiss Exchange · ETF
Invest in CSSMI ETF from India
Indian and foreign residents can buy iShares SMI ETF CH (CSSMI) units directly through Paasa.
By Paasa · Updated
CSSMI at a glance
- Price
- CHF 144.80+CHF 0.60 (0.42%)
- Expense ratio
- 0.35%
- Day range
- CHF 144.56 – CHF 145.56
- Assets
- CHF 2.5B
- Domicile
- Switzerland
- Holdings
- 20
- Launched
- 1999
- Dividends
- Distributing
- 1 month
- -3.81%
- 6 months
- +9.37%
- YTD
- +5.26%
- 1 year
- +17.42%
- 5 years
- +19.29%
Price change, excluding dividends.
Top 10 holdings
- 1ROCHE PS PAR AGROP.SW17.3%
- 2NOVARTIS AGNOVN.SW15.4%
- 3NESTLE SANESN.SW13.6%
- 4ABB LTDABBN.SW8.5%
- 5UBS GROUP AGUBSG.SW8.2%
- 6COMPAGNIE FINANCIERE RICHEMONT SACFR.SW6.2%
- 7ZURICH INSURANCE GROUP AGZURN.SW5.9%
- 8SWISS RE AGSREN.SW2.9%
- 9LONZA GROUP AGLONN.SW2.7%
- 10HOLCIM LTD AGHOLN.SW2.4%
CSSMI holds 20 securities in total. These 10 are 83.2% of the fund.
Where the money is invested
Sectors
- Healthcare37.7%
- Financial Services21.3%
- Consumer Defensive13.9%
- Industrials10.5%
- Basic Materials7.7%
- Consumer Cyclical7.0%
Countries
- Switzerland97.3%
- Other1.6%
- United States1.1%
How to invest in CSSMI 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 CSSMI and buy
Find the fund by its ticker, CSSMI, on the SIX Swiss Exchange, and place your order.
Why invest in CSSMI from India
What CSSMI holds
The fund's primary objective is to mirror the performance of an index that comprises Switzerland's twenty largest corporations. Notably, from September 18, 2017, a quarterly restriction has been in place, ensuring that no single security can account for more than 18% of the fund's total weighting.
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 CSSMI from India?
Yes. Indian residents can buy iShares SMI ETF CH (CSSMI) 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 CSSMI invest in?
iShares SMI ETF CH holds 20 securities. Its largest holdings are ROCHE PS PAR AG (17.3%), NOVARTIS AG (15.4%) and NESTLE SA (13.6%). Healthcare is its largest sector at 37.7%. It is a distributing fund domiciled in Switzerland.
What is the expense ratio of CSSMI?
iShares SMI 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 2.5B.
How are CSSMI dividends taxed in India?
iShares SMI 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 CSSMI?
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.