London Stock Exchange ETF segment · UCITS ETF
Invest in S600 ETF from India
Indian and foreign residents can buy Invesco STOXX Europe 600 UCITS ETF (S600) units directly through Paasa.
By Paasa · Updated
S600 at a glance
- Price
- £140.86+£0.60 (0.43%)
- Expense ratio
- 0.19%
- Day range
- £140.86 – £141.52
- Assets
- £439.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -1.73%
- 6 months
- +11.78%
- YTD
- +8.51%
- 1 year
- +16.64%
- 5 years
- +59.35%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING ORDASML.AS4.1%
- 2HSBC HOLDINGS ORDHSBA.L2.3%
- 3ROCHE PS PARROP.SW2.0%
- 4SHELL ORDSHEL.L1.8%
- 5NOVARTIS N ORDNOVN.SW1.7%
- 6ASTRAZENECA ORDAZN.L1.7%
- 7NESTLE N ORDNESN.SW1.6%
- 8SIEMENS N ORDSIE.DE1.5%
- 9SAP ORDSAP.DE1.4%
- 10BANCO SANTANDER ORDSAN.MC1.4%
These 10 are 19.6% of the fund.
Where the money is invested
Sectors
- Financial Services25.6%
- Industrials19.4%
- Healthcare12.2%
- Technology8.9%
- Consumer Defensive7.8%
- Consumer Cyclical6.8%
Countries
- United Kingdom21.6%
- Switzerland14.4%
- France13.7%
- Germany13.1%
- Netherlands9.6%
- Spain5.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XSX6LSEXtrackers Stoxx Europe 600 UCITS ETF 1C | 0.2% | 4.8B |
| STXHXETRAAmundi Core Stoxx Europe 600 UCITS ETF EUR Hedged Dist | 0.15% | 21.4B |
| XSXEXETRAXtrackers Stoxx Europe 600 UCITS ETF 2C - EUR Hedged | 0.25% | 5.6B |
Assets are shown in each fund's own reporting currency.
How to invest in S600 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 S600 and buy
Find the fund by its ticker, S600, on the London Stock Exchange ETF segment, and place your order.
Why invest in S600 from India
What S600 holds
The Fund is a passively managed Exchange-Traded Fund (ETF), which aims to track the Net Total Return performance of the STOXX Europe 600 Index (the Index) 1, less fees, expenses and transaction costs
Outside US estate tax
S600 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 S600's UCITS structure matters for Indian investors
S600 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 S600 from India?
Yes. Indian residents can buy Invesco STOXX Europe 600 UCITS ETF (S600) 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 S600 invest in?
Its largest holdings are ASML HOLDING ORD (4.1%), HSBC HOLDINGS ORD (2.3%) and ROCHE PS PAR (2.0%). Financial Services is its largest sector at 25.6%. The fund is domiciled in Ireland.
What is the expense ratio of S600?
Invesco STOXX Europe 600 UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about £439.2M.
Is S600 a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco STOXX Europe 600 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 S600?
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.