XETRA · UCITS ETF
Invest in SGAJ ETF from India
Indian and foreign residents can buy iShares MSCI Japan Screened UCITS ETF (SGAJ) units directly through Paasa.
By Paasa · Updated
SGAJ at a glance
- Price
- €8.98-€0.02 (0.18%)
- Expense ratio
- 0.15%
- Day range
- €8.96 – €9.05
- Assets
- €1.9B
- Domicile
- Ireland
- Holdings
- 152
- Launched
- 2018
- Dividends
- —
- 1 month
- +4.47%
- 6 months
- +17.44%
- YTD
- +26.54%
- 1 year
- +32.51%
- 5 years
- +61.87%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP5.1%
- 2TOYOTA MOTOR3.6%
- 3SUMITOMO MITSUI FINANCIAL GROUP3.2%
- 4TOKYO ELECTRON3.2%
- 5ADVANTEST3.1%
- 6HITACHI3.1%
- 7SOFTBANK GROUP2.9%
- 8RECRUIT HOLDINGS LTD2.8%
- 9SONY GROUP2.7%
- 10KIOXIA HOLDINGS2.6%
SGAJ holds 152 securities in total. These 10 are 32.4% of the fund.
Where the money is invested
Sectors
- Technology23.3%
- Industrials22.7%
- Financial Services20.3%
- Communication Services10.3%
- Consumer Cyclical10.1%
- Healthcare5.7%
Countries
- Japan99.7%
- Other0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XDNSLSEXtrackers MSCI Japan Screened UCITS ETF 1D | 0.15% | 392.5M |
| XDNGLSEXtrackers MSCI Japan Screened UCITS ETF 2D GBP Hedged | 0.25% | 392.5M |
| SDJPLSEiShares MSCI Japan Screened UCITS ETF | 0.15% | 502.3M |
| XDNYLSEXtrackers MSCI Japan Screened UCITS ETF 1D | 0.15% | 520.6M |
| XDNEXETRAXtrackers MSCI Japan Screened UCITS ETF 3C EUR Hedged | 0.25% | 459.5M |
Assets are shown in each fund's own reporting currency.
How to invest in SGAJ 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 SGAJ and buy
Find the fund by its ticker, SGAJ, on XETRA, and place your order.
Why invest in SGAJ from India
What SGAJ holds
This Fund's objective is to generate an investment return for you, achieved through the appreciation of its assets (capital growth) and the income they produce. Specifically, it strives to replicate the performance of the MSCI Japan Screened Index, which serves as its benchmark.
Outside US estate tax
SGAJ 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 SGAJ's UCITS structure matters for Indian investors
SGAJ 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 SGAJ from India?
Yes. Indian residents can buy iShares MSCI Japan Screened UCITS ETF (SGAJ) 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 SGAJ invest in?
iShares MSCI Japan Screened UCITS ETF holds 152 securities. Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (5.1%), TOYOTA MOTOR (3.6%) and SUMITOMO MITSUI FINANCIAL GROUP (3.2%). Technology is its largest sector at 23.3%. The fund is domiciled in Ireland.
What is the expense ratio of SGAJ?
iShares MSCI Japan Screened UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.9B.
Is SGAJ a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Japan Screened 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 SGAJ?
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.