London Stock Exchange ETF segment · UCITS ETF
Invest in IWMO ETF from India
Indian and foreign residents can buy iShares Edge MSCI World Momentum Factor UCITS ETF (IWMO) units directly through Paasa.
By Paasa · Updated
IWMO at a glance
- Price
- $117.65-$1.41 (1.18%)
- Expense ratio
- 0.25%
- Day range
- $117.43 – $119.01
- Assets
- $6.3B
- Domicile
- Ireland
- Holdings
- 350
- Launched
- 2014
- Dividends
- Accumulating
- 1 month
- +2.10%
- 6 months
- +28.19%
- YTD
- +19.77%
- 1 year
- +23.74%
- 5 years
- +82.60%
Price change, excluding dividends.
Top 10 holdings
- 1MICRON TECHNOLOGYMU5.6%
- 2ADVANCED MICRO DEVICESAMD4.7%
- 3INTEL CORPORATIONINTC3.3%
- 4ALPHABET CLASS AGOOGL2.7%
- 5ASML HOLDINGASML.AS2.5%
- 6JOHNSON & JOHNSONJNJ2.5%
- 7EXXONMOBIL HOLDINGS CORPXOM2.3%
- 8ALPHABET CLASS CGOOG2.1%
- 9LAM RESEARCHLRCX1.9%
- 10APPLIED MATERIAL INCAMAT1.9%
IWMO holds 350 securities in total. These 10 are 29.4% of the fund.
Where the money is invested
Sectors
- Technology33.2%
- Industrials14.7%
- Financial Services14.3%
- Energy11.3%
- Healthcare8.0%
- Basic Materials5.8%
Countries
- United States60.5%
- Japan10.8%
- Canada6.9%
- United Kingdom3.7%
- Switzerland3.4%
- Netherlands3.3%
How to invest in IWMO 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 IWMO and buy
Find the fund by its ticker, IWMO, on the London Stock Exchange ETF segment, and place your order.
Why invest in IWMO from India
What IWMO holds
The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the MSCI World Momentum Index
Outside US estate tax
IWMO 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 IWMO's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
IWMO 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 IWMO's UCITS structure matters for Indian investors
IWMO 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 IWMO from India?
Yes. Indian residents can buy iShares Edge MSCI World Momentum Factor UCITS ETF (IWMO) 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 IWMO invest in?
iShares Edge MSCI World Momentum Factor UCITS ETF holds 350 securities. Its largest holdings are MICRON TECHNOLOGY (5.6%), ADVANCED MICRO DEVICES (4.7%) and INTEL CORPORATION (3.3%). Technology is its largest sector at 33.2%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IWMO?
iShares Edge MSCI World Momentum Factor UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $6.3B.
Is IWMO a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge MSCI World Momentum Factor 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 IWMO pay dividends?
No. iShares Edge MSCI World Momentum Factor 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 IWMO?
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.