London Stock Exchange ETF segment · ETF
Invest in PIMT ETF from India
Indian and foreign residents can buy WisdomTree Industrial Metals - Daily (PIMT) units directly through Paasa.
By Paasa · Updated
PIMT at a glance
- Price
- £9.51-£0.18 (1.85%)
- Expense ratio
- 0.49%
- Day range
- £9.51 – £9.67
- Assets
- £9.4M
- Domicile
- Jersey
- Holdings
- 5
- Launched
- 2012
- Dividends
- —
- 1 month
- -3.36%
- 6 months
- +2.45%
- YTD
- +7.16%
- 1 year
- +20.03%
- 5 years
- +16.48%
Price change, excluding dividends.
Top holding
- 1Industrial Metals100.0%
PIMT holds 5 securities in total. These 1 are 100.0% of the fund.
How to invest in PIMT 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 PIMT and buy
Find the fund by its ticker, PIMT, on the London Stock Exchange ETF segment, and place your order.
Why invest in PIMT from India
What PIMT holds
The WisdomTree Industrial Metals - GBP Daily Hedged is a fully collateralized, UCITS-compliant Exchange Traded Commodity (ETC) designed to offer investors comprehensive total return exposure to industrial metals futures contracts, with currency movements hedged daily against the Great British Pound (GBP). This ETC seeks to accurately mirror the performance of the Bloomberg Industrial Metals Sub Pound Sterling Hedged Daily Total Return Index (BUINDPT).
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.
Frequently asked questions
Can I buy PIMT from India?
Yes. Indian residents can buy WisdomTree Industrial Metals - Daily (PIMT) 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 PIMT invest in?
WisdomTree Industrial Metals - Daily holds 5 securities. Its largest holding is Industrial Metals (100.0%). The fund is domiciled in Jersey.
What is the expense ratio of PIMT?
WisdomTree Industrial Metals - Daily has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about £9.4M.
What tax do I pay in India when I sell PIMT?
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.