London Stock Exchange ETF segment · UCITS ETF
Invest in OMXS ETF from India
Indian and foreign residents can buy iShares OMX Stockholm Capped UCITS ETF (OMXS) units directly through Paasa.
By Paasa · Updated
OMXS at a glance
- Price
- £8.13-£0.11 (1.37%)
- Expense ratio
- 0.1%
- Day range
- £8.12 – £8.21
- Assets
- £161.2M
- Domicile
- Ireland
- Holdings
- 112
- Launched
- 2016
- Dividends
- —
- 1 month
- -3.60%
- 6 months
- +1.53%
- YTD
- +3.93%
- 1 year
- +13.69%
- 5 years
- +28.50%
Price change, excluding dividends.
Top 10 holdings
- 1INVESTOR CLASS B7.0%
- 2VOLVO CLASS B6.0%
- 3ATLAS COPCO CLASS A5.9%
- 4SWEDBANK4.6%
- 5SANDVIK4.4%
- 6SKANDINAVISKA ENSKILDA BANKEN4.1%
- 7ABB LTD4.1%
- 8ASSA ABLOY B3.9%
- 9ATLAS COPCO CLASS B3.0%
- 10ERICSSON B3.0%
OMXS holds 112 securities in total. These 10 are 46.0% of the fund.
Where the money is invested
Sectors
- Industrials44.2%
- Financial Services25.1%
- Healthcare6.3%
- Technology6.2%
- Basic Materials4.6%
- Consumer Cyclical4.4%
Countries
- Sweden90.9%
- Switzerland4.2%
- United Kingdom2.7%
- Finland1.2%
- United States0.5%
- Other0.4%
How to invest in OMXS 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 OMXS and buy
Find the fund by its ticker, OMXS, on the London Stock Exchange ETF segment, and place your order.
Why invest in OMXS from India
What OMXS holds
This investment fund aims to replicate the performance of an index featuring the most prominent and liquid stocks listed on the Stockholm Stock Exchange.
Outside US estate tax
OMXS 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 OMXS' UCITS structure matters for Indian investors
OMXS 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 OMXS from India?
Yes. Indian residents can buy iShares OMX Stockholm Capped UCITS ETF (OMXS) 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 OMXS invest in?
iShares OMX Stockholm Capped UCITS ETF holds 112 securities. Its largest holdings are INVESTOR CLASS B (7.0%), VOLVO CLASS B (6.0%) and ATLAS COPCO CLASS A (5.9%). Industrials is its largest sector at 44.2%. The fund is domiciled in Ireland.
What is the expense ratio of OMXS?
iShares OMX Stockholm Capped UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about £161.2M.
Is OMXS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares OMX Stockholm 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.
What tax do I pay in India when I sell OMXS?
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.