SIX Swiss Exchange · ETF
Invest in CSSMIM ETF from India
Indian and foreign residents can buy iShares SMIM ETF CH (CSSMIM) units directly through Paasa.
By Paasa · Updated
CSSMIM at a glance
- Price
- CHF 341.35+CHF 2.50 (0.74%)
- Expense ratio
- 0.45%
- Day range
- CHF 338.50 – CHF 341.35
- Assets
- CHF 1.2B
- Domicile
- Switzerland
- Holdings
- 30
- Launched
- 2004
- Dividends
- Distributing
- 1 month
- +5.65%
- 6 months
- +7.48%
- YTD
- +8.97%
- 1 year
- +14.60%
- 5 years
- -7.09%
Price change, excluding dividends.
Top 10 holdings
- 1DSM FIRMENICH AG7.4%
- 2SWISSCOM AG6.7%
- 3SGS SA6.4%
- 4HELVETIA BALOISE HOLDING N AG6.2%
- 5SONOVA HOLDING AG5.2%
- 6JULIUS BAER GRUPPE AG5.1%
- 7VAT GROUP AG5.1%
- 8KUEHNE UND NAGEL INTERNATIONAL AG4.8%
- 9STRAUMANN HOLDING AG4.5%
- 10SCHINDLER HOLDING PAR AG4.5%
CSSMIM holds 30 securities in total. These 10 are 55.8% of the fund.
Where the money is invested
Sectors
- Industrials32.5%
- Healthcare15.7%
- Financial Services12.9%
- Basic Materials9.7%
- Consumer Defensive8.5%
- Communication Services7.8%
Countries
- Switzerland100.0%
How to invest in CSSMIM 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 CSSMIM and buy
Find the fund by its ticker, CSSMIM, on the SIX Swiss Exchange, and place your order.
Why invest in CSSMIM from India
What CSSMIM holds
This Fund endeavors to mirror the performance of an index, which is constituted by the thirty biggest Swiss enterprises that are not members of the SMI index.
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 CSSMIM from India?
Yes. Indian residents can buy iShares SMIM ETF CH (CSSMIM) 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 CSSMIM invest in?
iShares SMIM ETF CH holds 30 securities. Its largest holdings are DSM FIRMENICH AG (7.4%), SWISSCOM AG (6.7%) and SGS SA (6.4%). Industrials is its largest sector at 32.5%. It is a distributing fund domiciled in Switzerland.
What is the expense ratio of CSSMIM?
iShares SMIM ETF CH has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 1.2B.
How are CSSMIM dividends taxed in India?
iShares SMIM 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 CSSMIM?
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.