London Stock Exchange ETF segment · UCITS ETF
Invest in EVAL ETF from India
Indian and foreign residents can buy State Street SPDR MSCI Europe Value UCITS ETF (EVAL) units directly through Paasa.
By Paasa · Updated
EVAL at a glance
- Price
- £64.29-£1.34 (2.04%)
- Expense ratio
- 0.2%
- Day range
- £64.29 – £65.10
- Assets
- £70.7M
- Domicile
- Ireland
- Holdings
- 122
- Launched
- 2015
- Dividends
- —
- 1 month
- -4.94%
- 6 months
- +6.62%
- YTD
- +9.52%
- 1 year
- +21.44%
- 5 years
- +94.07%
Price change, excluding dividends.
Top 10 holdings
- 1BNP Paribas S.A. Class A4.5%
- 2British American Tobacco p.l.c.3.7%
- 3Banco Bilbao Vizcaya Argentaria S.A.3.7%
- 4Capgemini SE3.5%
- 5Roche Holding Ltd3.3%
- 6DHL AG2.7%
- 7Barclays PLC2.6%
- 8Novartis AG2.6%
- 9Deutsche Bank Aktiengesellschaft2.4%
- 10Rio Tinto plc2.3%
EVAL holds 122 securities in total. These 10 are 31.2% of the fund.
Where the money is invested
Sectors
- Financial Services25.6%
- Industrials19.3%
- Healthcare13.3%
- Technology8.3%
- Consumer Defensive7.9%
- Consumer Cyclical5.9%
Countries
- France24.9%
- United Kingdom24.0%
- Germany15.5%
- Switzerland8.1%
- Sweden6.7%
- Spain6.1%
How to invest in EVAL 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 GBP when you buy.
Step 3
Search EVAL and buy
Find the fund by its ticker, EVAL, on the London Stock Exchange ETF segment, and place your order.
Why invest in EVAL from India
What EVAL holds
The Fund's primary objective is to mirror the performance of the European stock market, with a specific focus on allocating greater weight to companies exhibiting attractive valuation characteristics.
Outside US estate tax
EVAL is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 EVAL's UCITS structure matters for Indian investors
EVAL 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 EVAL from India?
Yes. Indian residents can buy State Street SPDR MSCI Europe Value UCITS ETF (EVAL) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 EVAL invest in?
State Street SPDR MSCI Europe Value UCITS ETF holds 122 securities. Its largest holdings are BNP Paribas S.A. Class A (4.5%), British American Tobacco p.l.c. (3.7%) and Banco Bilbao Vizcaya Argentaria S.A. (3.7%). Financial Services is its largest sector at 25.6%. The fund is domiciled in Ireland.
What is the expense ratio of EVAL?
State Street SPDR MSCI Europe Value UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £70.7M.
Is EVAL a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI Europe Value 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 EVAL?
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 GBP/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.