NASDAQ · ETF
Invest in SKYY ETF from India
Indian and foreign residents can buy First Trust Cloud Computing ETF (SKYY) units directly through Paasa.
By Paasa · Updated
SKYY at a glance
- Price
- $164.68-$2.23 (1.34%)
- Expense ratio
- 0.6%
- Day range
- $164.62 – $168.57
- Assets
- $3.4B
- Domicile
- the US
- Holdings
- 65
- Launched
- 2011
- Dividends
- —
- 1 month
- +3.83%
- 6 months
- +47.73%
- YTD
- +25.37%
- 1 year
- +22.87%
- 5 years
- +50.26%
Price change, excluding dividends.
Top 10 holdings
- 1Everpure, Inc. (Class A)P4.5%
- 2DigitalOcean Holdings, Inc.DOCN4.4%
- 3Arista Networks, Inc.ANET3.6%
- 4Alphabet Inc. (Class A)GOOGL3.4%
- 5Nutanix, Inc. (Class A)NTNX3.4%
- 6Microsoft CorporationMSFT3.3%
- 7International Business Machines CorporationIBM3.3%
- 8Amazon.com, Inc.AMZN3.3%
- 9Oracle CorporationORCL3.2%
- 10CoreWeave, Inc. (Class A)CRWV3.0%
SKYY holds 65 securities in total. These 10 are 35.4% of the fund.
Where the money is invested
Sectors
- Technology90.5%
- Communication Services5.5%
- Consumer Cyclical3.1%
- Healthcare0.9%
Countries
- United States93.5%
- Canada2.2%
- Australia1.7%
- Germany1.1%
- Israel1.0%
- Netherlands0.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SKYULSEFirst Trust Cloud Computing UCITS ETF | 0.6% | 441.5M |
Assets are shown in each fund's own reporting currency.
How to invest in SKYY 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 SKYY and buy
Find the fund by its ticker, SKYY, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SKYY from India
What SKYY holds
The First Trust Cloud Computing ETF is an exchange-traded fund whose primary goal is to replicate the financial performance, encompassing both price movements and dividend income, of the ISE CTA Cloud Computing Index. This objective is pursued before accounting for the fund's internal fees and operational costs.
Hold a dollar asset
SKYY 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one SKYY unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy SKYY from India?
Yes. Indian residents can buy First Trust Cloud Computing ETF (SKYY) through Paasa. It is listed on NASDAQ 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 SKYY invest in?
First Trust Cloud Computing ETF holds 65 securities. Its largest holdings are Everpure, Inc. (Class A) (4.5%), DigitalOcean Holdings, Inc. (4.4%) and Arista Networks, Inc. (3.6%). Technology is its largest sector at 90.5%. The fund is domiciled in the US.
What is the expense ratio of SKYY?
First Trust Cloud Computing ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.4B.
What tax do I pay in India when I sell SKYY?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one SKYY unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $164.68, and there is no minimum trade size.
What happens to my SKYY units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.