London Stock Exchange ETF segment · UCITS ETF
Invest in ISFE ETF from India
Indian and foreign residents can buy iShares MSCI AC Far East ex-Japan Small UCITS ETF (ISFE) units directly through Paasa.
By Paasa · Updated
ISFE at a glance
- Price
- £35.16+£0.04 (0.10%)
- Expense ratio
- 0.74%
- Day range
- £35.07 – £35.53
- Assets
- £56.9M
- Domicile
- Ireland
- Holdings
- 1,073
- Launched
- 2008
- Dividends
- Accumulating
- 1 month
- +2.02%
- 6 months
- +8.30%
- YTD
- +20.81%
- 1 year
- +20.31%
- 5 years
- +29.92%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN UNION TECHNOLOGY1.1%
- 2KINSUS INTERCONNECT TECHNOLOGY COR0.8%
- 3NAN YA PRINTED CIRCUIT BOARD CORP0.8%
- 4POWERCHIP SEMICONDUCTOR MANUFACTUR0.7%
- 5TRIPOD TECHNOLOGY0.7%
- 6COMPEQ MANUFACTURING LTD0.6%
- 7LAND MARK CORP0.6%
- 8MACRONIX INTERNATIONAL0.6%
- 9UNITED INTEGRATED SERVICES0.6%
- 10AUO0.6%
ISFE holds 1,073 securities in total. These 10 are 7.2% of the fund.
Where the money is invested
Countries
- Taiwan (Province of China)40.1%
- Korea (the Republic of)22.2%
- China10.1%
- Singapore8.2%
- Hong Kong7.0%
- Thailand4.1%
How to invest in ISFE 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 ISFE and buy
Find the fund by its ticker, ISFE, on the London Stock Exchange ETF segment, and place your order.
Why invest in ISFE from India
What ISFE holds
This ETF aims to mirror the returns of a particular index. This benchmark consists of small-capitalization companies operating across developed and emerging economies within East Asia, specifically excluding those based in Japan and India.
Outside US estate tax
ISFE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from ISFE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 ISFE's UCITS structure matters for Indian investors
ISFE 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 ISFE from India?
Yes. Indian residents can buy iShares MSCI AC Far East ex-Japan Small UCITS ETF (ISFE) 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 ISFE invest in?
iShares MSCI AC Far East ex-Japan Small UCITS ETF holds 1,073 securities. Its largest holdings are TAIWAN UNION TECHNOLOGY (1.1%), KINSUS INTERCONNECT TECHNOLOGY COR (0.8%) and NAN YA PRINTED CIRCUIT BOARD CORP (0.8%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of ISFE?
iShares MSCI AC Far East ex-Japan Small UCITS ETF has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about £56.9M.
Is ISFE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI AC Far East ex-Japan Small 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.
Does ISFE pay dividends?
No. iShares MSCI AC Far East ex-Japan Small UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell ISFE?
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.