Euronext Amsterdam · UCITS ETF
Invest in SJPE ETF from India
Indian and foreign residents can buy iShares Core MSCI Japan IMI UCITS ETF (SJPE) units directly through Paasa.
By Paasa · Updated
SJPE at a glance
- Price
- €15.39+€0.25 (1.64%)
- Expense ratio
- 0.17%
- Day range
- €15.34 – €15.44
- Assets
- €114.6M
- Domicile
- Ireland
- Holdings
- 930
- Launched
- 2019
- Dividends
- —
- 1 month
- -0.22%
- 6 months
- +18.03%
- YTD
- +23.19%
- 1 year
- +37.01%
- 5 years
- +137.64%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP3.8%
- 2TOYOTA MOTOR2.7%
- 3SUMITOMO MITSUI FINANCIAL GROUP2.4%
- 4TOKYO ELECTRON2.4%
- 5ADVANTEST2.3%
- 6HITACHI2.3%
- 7SOFTBANK GROUP2.2%
- 8RECRUIT HOLDINGS LTD2.1%
- 9SONY GROUP2.0%
- 10KIOXIA HOLDINGS1.9%
SJPE holds 930 securities in total. These 10 are 24.1% of the fund.
Where the money is invested
Sectors
- Industrials23.8%
- Technology19.4%
- Financial Services17.7%
- Consumer Cyclical12.4%
- Communication Services8.0%
- Healthcare5.5%
Countries
- Japan99.6%
- Other0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IJPALSEiShares Core MSCI Japan IMI UCITS ETF | 0.12% | 8.5B |
| SJPDAMSiShares Core MSCI Japan IMI UCITS ETF | 0.12% | 66.8M |
Assets are shown in each fund's own reporting currency.
How to invest in SJPE 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 SJPE and buy
Find the fund by its ticker, SJPE, on Euronext Amsterdam, and place your order.
Why invest in SJPE from India
What SJPE holds
This investment vehicle aims to mirror the financial returns of a designated benchmark that encompasses a wide array of Japanese businesses, including those with large, medium, and small market capitalizations.
Outside US estate tax
SJPE 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 SJPE's UCITS structure matters for Indian investors
SJPE 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 SJPE from India?
Yes. Indian residents can buy iShares Core MSCI Japan IMI UCITS ETF (SJPE) 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 SJPE invest in?
iShares Core MSCI Japan IMI UCITS ETF holds 930 securities. Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (3.8%), TOYOTA MOTOR (2.7%) and SUMITOMO MITSUI FINANCIAL GROUP (2.4%). Industrials is its largest sector at 23.8%. The fund is domiciled in Ireland.
What is the expense ratio of SJPE?
iShares Core MSCI Japan IMI UCITS ETF has an expense ratio of 0.17% a year, taken from the fund's assets rather than billed to you. The fund manages about €114.6M.
Is SJPE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Core MSCI Japan IMI 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 SJPE?
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.