XETRA · UCITS ETF
Invest in SC01 ETF from India
Indian and foreign residents can buy Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF (SC01) units directly through Paasa.
By Paasa · Updated
SC01 at a glance
- Price
- €697.60-€3.90 (0.56%)
- Expense ratio
- 0.2%
- Day range
- €694.30 – €702.60
- Assets
- €34.3M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -6.05%
- 6 months
- +2.35%
- YTD
- -5.17%
- 1 year
- +1.88%
- 5 years
- +52.87%
Price change, excluding dividends.
Top 10 holdings
- 1VINCI ORD13.9%
- 2SAINT GOBAIN ORD9.4%
- 3HOLCIM LTD ORD8.9%
- 4SIKA ORD8.6%
- 5ASSA ABLOY ORD6.6%
- 6FERROVIAL NV5.4%
- 7ACS ACTIVIDADES DE CONSTRUCCION ORD5.3%
- 8HEIDELBERG MATERIALS ORD5.0%
- 9GEBERIT N ORD5.0%
- 10KINGSPAN GROUP ORD4.1%
These 10 are 72.1% of the fund.
Where the money is invested
Sectors
- Industrials75.2%
- Basic Materials24.9%
Countries
- France30.0%
- Switzerland27.0%
- Sweden12.9%
- Germany7.8%
- Netherlands6.6%
- Spain6.1%
How to invest in SC01 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 SC01 and buy
Find the fund by its ticker, SC01, on XETRA, and place your order.
Why invest in SC01 from India
What SC01 holds
This Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF aims to deliver returns that correspond to those of the STOXX Europe 600 Optimised Construction & Materials TR Index.
Outside US estate tax
SC01 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 SC01's UCITS structure matters for Indian investors
SC01 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 SC01 from India?
Yes. Indian residents can buy Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF (SC01) through Paasa. It is listed on XETRA 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 SC01 invest in?
Its largest holdings are VINCI ORD (13.9%), SAINT GOBAIN ORD (9.4%) and HOLCIM LTD ORD (8.9%). Industrials is its largest sector at 75.2%. The fund is domiciled in Ireland.
What is the expense ratio of SC01?
Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €34.3M.
Is SC01 a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco STOXX Europe 600 Optimised Construction & Materials 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 SC01?
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.