London Stock Exchange ETF segment · UCITS ETF
Invest in HTWD ETF from India
Indian and foreign residents can buy HSBC MSCI Taiwan Capped UCITS ETF (HTWD) units directly through Paasa.
By Paasa · Updated
HTWD at a glance
- Price
- $181.26-$0.86 (0.47%)
- Expense ratio
- 0.5%
- Day range
- $181.26 – $181.60
- Assets
- $108.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- +4.26%
- 6 months
- +60.55%
- YTD
- +75.15%
- 1 year
- +86.94%
- 5 years
- +163.12%
Price change, excluding dividends.
Top 10 holdings
- 1Taiwan Semiconductor Manufacturing Co Ltd31.6%
- 2Capital Cash Ctrl10.1%
- 3MediaTek Inc9.8%
- 4Delta Electronics Inc4.8%
- 5Hon Hai Precision Industry Co Ltd4.0%
- 6ASE Technology Holding Co Ltd3.0%
- 7United Microelectronics Corp2.2%
- 8Unimicron Technology Corp2.1%
- 9Elite Material Co Ltd1.9%
- 10Fubon Financial Holdings Co Ltd1.6%
These 10 are 71.0% of the fund.
Where the money is invested
Sectors
- Technology78.8%
- Financial Services12.3%
- Basic Materials2.7%
- Industrials1.8%
- Consumer Cyclical1.7%
- Communication Services1.2%
Countries
- Taiwan99.4%
- Other0.6%
How to invest in HTWD 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 HTWD and buy
Find the fund by its ticker, HTWD, on the London Stock Exchange ETF segment, and place your order.
Why invest in HTWD from India
What HTWD holds
This investment vehicle's primary goal is to closely replicate the financial performance of the MSCI Taiwan Capped Index. It achieves this by investing directly in, or obtaining exposure to, the equity shares of the companies that comprise this benchmark.
Outside US estate tax
HTWD 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
HTWD 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 HTWD's UCITS structure matters for Indian investors
HTWD 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 HTWD from India?
Yes. Indian residents can buy HSBC MSCI Taiwan Capped UCITS ETF (HTWD) 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 HTWD invest in?
Its largest holdings are Taiwan Semiconductor Manufacturing Co Ltd (31.6%), Capital Cash Ctrl (10.1%) and MediaTek Inc (9.8%). Technology is its largest sector at 78.8%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of HTWD?
HSBC MSCI Taiwan Capped UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $108.5M.
Is HTWD a UCITS ETF, and why does that matter for Indian investors?
Yes. HSBC MSCI Taiwan Capped 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.
How are HTWD dividends taxed in India?
HSBC MSCI Taiwan Capped UCITS ETF 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 HTWD?
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.