London Stock Exchange ETF segment · UCITS ETF
Invest in SCOM ETF from India
Indian and foreign residents can buy State Street SPDR Commodity UCITS ETF Unhedge (SCOM) units directly through Paasa.
By Paasa · Updated
SCOM at a glance
- Price
- $11.00-$0.11 (1.01%)
- Expense ratio
- 0.12%
- Day range
- $11.00 – $11.00
- Assets
- $184.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2026
- Dividends
- Accumulating
Top 10 holdings
- 1STATE STREET USD LIQUIDITY LVN STATE ST USD LIQ LNAV Z ACC6.9%
- 2US DOLLAR5.8%
- 3TREASURY BILL 10/26 0.000003.8%
- 4TREASURY BILL 10/26 0.000003.8%
- 5TREASURY BILL 11/26 0.000003.5%
- 6TREASURY BILL 11/26 0.000003.4%
- 7TREASURY BILL 10/26 0.000003.3%
- 8TREASURY BILL 10/26 0.000003.3%
- 9TREASURY BILL 11/26 0.000003.2%
- 10TREASURY BILL 09/26 0.000003.2%
These 10 are 40.4% of the fund.
How to invest in SCOM 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.
Step 3
Search SCOM and buy
Find the fund by its ticker, SCOM, on the London Stock Exchange ETF segment, and place your order.
Why invest in SCOM from India
What SCOM holds
The investment objective of the Fund is to reflect the total return performance of the broad commodity market.
Outside US estate tax
SCOM is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from SCOM's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
SCOM is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 SCOM's UCITS structure matters for Indian investors
SCOM 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 SCOM from India?
Yes. Indian residents can buy State Street SPDR Commodity UCITS ETF Unhedge (SCOM) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 SCOM invest in?
Its largest holdings are STATE STREET USD LIQUIDITY LVN STATE ST USD LIQ LNAV Z ACC (6.9%), US DOLLAR (5.8%) and TREASURY BILL 10/26 0.00000 (3.8%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of SCOM?
State Street SPDR Commodity UCITS ETF Unhedge has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $184.5M.
Is SCOM a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Commodity UCITS ETF Unhedge 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.
Does SCOM pay dividends?
No. State Street SPDR Commodity UCITS ETF Unhedge is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell SCOM?
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 USD/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.