London Stock Exchange ETF segment · UCITS ETF
Invest in HSWD ETF from India
Indian and foreign residents can buy HSBC Developed World Screened Equity UCITS ETF (HSWD) units directly through Paasa.
By Paasa · Updated
HSWD at a glance
- Price
- $35.53-$0.25 (0.69%)
- Expense ratio
- 0.18%
- Day range
- $35.53 – $35.89
- Assets
- $612.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- —
- 1 month
- -0.95%
- 6 months
- +24.36%
- YTD
- +17.84%
- 1 year
- +25.95%
- 5 years
- +80.28%
Price change, excluding dividends.
Top 10 holdings
- 1Microsoft CorpMSFT9.7%
- 2Johnson & JohnsonJNJ6.6%
- 3Visa Inc Class AV6.1%
- 4NVIDIA CorpNVDA5.3%
- 5Cisco Systems IncCSCO3.3%
- 6Advanced Micro Devices IncAMD3.1%
- 7Amazon.com IncAMZN2.7%
- 8Apple IncAAPL2.2%
- 9JPMorgan Chase & CoJPM1.9%
- 10Intel CorpINTC1.8%
These 10 are 42.7% of the fund.
Where the money is invested
Sectors
- Technology32.6%
- Financial Services27.2%
- Healthcare11.8%
- Consumer Cyclical6.4%
- Communication Services5.2%
- Consumer Defensive5.1%
Countries
- United States67.4%
- Japan6.6%
- United Kingdom3.4%
- Canada3.2%
- South Korea3.0%
- Switzerland2.3%
How to invest in HSWD 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 HSWD and buy
Find the fund by its ticker, HSWD, on the London Stock Exchange ETF segment, and place your order.
Why invest in HSWD from India
What HSWD holds
This ETF is designed to closely replicate the performance of the FTSE Developed ESG Low Carbon Select Index. It achieves this by primarily investing in the equity securities of the companies that make up the specified index.
Outside US estate tax
HSWD is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
HSWD 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.
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 HSWD's UCITS structure matters for Indian investors
HSWD 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 HSWD from India?
Yes. Indian residents can buy HSBC Developed World Screened Equity UCITS ETF (HSWD) through Paasa. It is listed on the London Stock Exchange ETF segment 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 HSWD invest in?
Its largest holdings are Microsoft Corp (9.7%), Johnson & Johnson (6.6%) and Visa Inc Class A (6.1%). Technology is its largest sector at 32.6%. The fund is domiciled in Ireland.
What is the expense ratio of HSWD?
HSBC Developed World Screened Equity UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $612.6M.
Is HSWD a UCITS ETF, and why does that matter for Indian investors?
Yes. HSBC Developed World Screened Equity 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 HSWD?
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.