NYSE Arca · ETF
Invest in DWX ETF from India
Indian and foreign residents can buy State Street SPDR S&P International Dividend ETF (DWX) units directly through Paasa.
By Paasa · Updated
DWX at a glance
- Price
- $46.70+$0.35 (0.76%)
- Expense ratio
- 0.45%
- Day range
- $46.33 – $46.70
- Assets
- $517.3M
- Domicile
- the US
- Holdings
- 100
- Launched
- 2008
- Dividends
- Distributing
- 1 month
- -3.55%
- 6 months
- +3.39%
- YTD
- +5.87%
- 1 year
- +10.32%
- 5 years
- +20.45%
Price change, excluding dividends.
Top 10 holdings
- 1MIZRAHI TEFAHOT BANK LTDMZTF2.6%
- 2AXA SACS2.4%
- 3ZURICH INSURANCE GROUP AGZURN.SW2.1%
- 4CLP HOLDINGS LTD0002.HK2.0%
- 5INVESTEC PLCINVP2.0%
- 6TRANSURBAN GROUPTCL.AX2.0%
- 7SWISSCOM AG REGSCMN.SW2.0%
- 8SEVERN TRENT PLCSVT2.0%
- 9SHELL PLCSHEL1.9%
- 10UNITED UTILITIES GROUP PLCUU.1.9%
DWX holds 100 securities in total. These 10 are 21.1% of the fund.
Where the money is invested
Sectors
- Financial Services21.1%
- Industrials15.3%
- Real Estate13.2%
- Communication Services10.8%
- Consumer Cyclical9.7%
- Utilities9.3%
Countries
- Japan24.5%
- United Kingdom12.3%
- France12.2%
- Switzerland7.8%
- Taiwan5.1%
- Australia5.0%
How to invest in DWX 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 DWX and buy
Find the fund by its ticker, DWX, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in DWX from India
What DWX holds
The State Street SPDR S&P International Dividend ETF (DWX) is designed to mirror the total return performance of the S&P International Dividend Opportunities Index, before accounting for associated fees and expenses. This underlying index is comprised of the 100 non-U.S. common stocks offering the highest dividend yields, all of which have undergone screening to ensure they meet specific criteria for investment viability and financial stability.
Hold a dollar asset
DWX 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one DWX unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy DWX from India?
Yes. Indian residents can buy State Street SPDR S&P International Dividend ETF (DWX) through Paasa. It is listed on NYSE Arca 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 DWX invest in?
State Street SPDR S&P International Dividend ETF holds 100 securities. Its largest holdings are MIZRAHI TEFAHOT BANK LTD (2.6%), AXA SA (2.4%) and ZURICH INSURANCE GROUP AG (2.1%). Financial Services is its largest sector at 21.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of DWX?
State Street SPDR S&P International Dividend ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $517.3M.
How are DWX dividends taxed in India?
State Street SPDR S&P International Dividend ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 DWX?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one DWX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $46.70, and there is no minimum trade size.
What happens to my DWX units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.