Euronext Amsterdam · ETF
Invest in SAOT ETF from India
Indian and foreign residents can buy iShares STOXX Europe 600 Automobiles & Parts UCITS ETF DE (SAOT) units directly through Paasa.
By Paasa · Updated
SAOT at a glance
- Price
- €4.53+€0.01 (0.32%)
- Expense ratio
- 0.46%
- Day range
- €4.52 – €4.53
- Assets
- €13.8M
- Domicile
- Germany
- Holdings
- 13
- Launched
- 2022
- Dividends
- —
- 1 month
- -7.18%
- 6 months
- -0.76%
- YTD
- -16.35%
- 1 year
- -15.57%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1FERRARI26.2%
- 2MICHELIN14.5%
- 3MERCEDES-BENZ GROUP N AG14.1%
- 4BMW11.5%
- 5VOLKSWAGEN NON-VOTING PREF AG8.9%
- 6STELLANTIS5.1%
- 7CONTINENTAL AG4.6%
- 8RENAULT SA3.4%
- 9DR ING HC F PORSCHE PRF AG3.0%
- 10PORSCHE AUTOMOBIL HOLDING PREF2.4%
SAOT holds 13 securities in total. These 10 are 93.8% of the fund.
Where the money is invested
Countries
- Germany44.5%
- Italy27.9%
- France19.9%
- Netherlands5.1%
- Belgium2.3%
- Other0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EXV5XETRAiShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) | 0.46% | 161.1M |
Assets are shown in each fund's own reporting currency.
How to invest in SAOT 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 EUR when you buy.
Step 3
Search SAOT and buy
Find the fund by its ticker, SAOT, on Euronext Amsterdam, and place your order.
Why invest in SAOT from India
What SAOT holds
Its purpose is to follow the financial trajectory of an index specifically designed for companies within the European automotive and parts industry.
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 SAOT from India?
Yes. Indian residents can buy iShares STOXX Europe 600 Automobiles & Parts UCITS ETF DE (SAOT) through Paasa. It is listed on Euronext Amsterdam and trades in EUR. 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 SAOT invest in?
iShares STOXX Europe 600 Automobiles & Parts UCITS ETF DE holds 13 securities. Its largest holdings are FERRARI (26.2%), MICHELIN (14.5%) and MERCEDES-BENZ GROUP N AG (14.1%). The fund is domiciled in Germany.
What is the expense ratio of SAOT?
iShares STOXX Europe 600 Automobiles & Parts UCITS ETF DE has an expense ratio of 0.46% a year, taken from the fund's assets rather than billed to you. The fund manages about €13.8M.
What tax do I pay in India when I sell SAOT?
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 EUR/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.