XETRA · UCITS ETF
Invest in SLMA ETF from India
Indian and foreign residents can buy iShares MSCI EMU Screened UCITS ETF (SLMA) units directly through Paasa.
By Paasa · Updated
SLMA at a glance
- Price
- €11.00-€0.16 (1.43%)
- Expense ratio
- 0.12%
- Day range
- €11.00 – €11.13
- Assets
- €1.5B
- Domicile
- Ireland
- Holdings
- 205
- Launched
- 2018
- Dividends
- —
- 1 month
- -2.36%
- 6 months
- +9.28%
- YTD
- +9.06%
- 1 year
- +13.80%
- 5 years
- +62.78%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING9.8%
- 2SIEMENS N AG3.3%
- 3SAP3.1%
- 4BANCO SANTANDER3.0%
- 5ALLIANZ2.7%
- 6SCHNEIDER ELECTRIC2.6%
- 7TOTALENERGIES2.6%
- 8BANCO BILBAO VIZCAYA ARGENTARIA SA2.3%
- 9IBERDROLA2.1%
- 10UNICREDIT1.9%
SLMA holds 205 securities in total. These 10 are 33.4% of the fund.
Where the money is invested
Sectors
- Financial Services29.1%
- Technology17.6%
- Industrials16.4%
- Consumer Cyclical7.5%
- Utilities6.2%
- Healthcare5.6%
Countries
- France24.4%
- Germany23.6%
- Netherlands18.8%
- Spain10.8%
- Italy10.1%
- Finland3.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SAUMLSEiShares MSCI EMU Screened UCITS ETF | 0.12% | 1.3B |
| SMUDLSEiShares MSCI EMU Screened UCITS ETF | 0.12% | 546.9M |
| SLMBXETRAiShares MSCI EMU Screened UCITS ETF | 0.12% | 637.8M |
| XMVEXETRAXtrackers MSCI EMU Screened UCITS ETF 1D | 0.12% | 11.9M |
Assets are shown in each fund's own reporting currency.
How to invest in SLMA 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 SLMA and buy
Find the fund by its ticker, SLMA, on XETRA, and place your order.
Why invest in SLMA from India
What SLMA holds
The Fund aims to generate investment returns for its holders through a combination of asset value growth and income distribution from its portfolio. This performance is intended to mirror the returns of its reference index, the MSCI EMU Screened Index.
Outside US estate tax
SLMA 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 SLMA's UCITS structure matters for Indian investors
SLMA 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 SLMA from India?
Yes. Indian residents can buy iShares MSCI EMU Screened UCITS ETF (SLMA) 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 SLMA invest in?
iShares MSCI EMU Screened UCITS ETF holds 205 securities. Its largest holdings are ASML HOLDING (9.8%), SIEMENS N AG (3.3%) and SAP (3.1%). Financial Services is its largest sector at 29.1%. The fund is domiciled in Ireland.
What is the expense ratio of SLMA?
iShares MSCI EMU Screened UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.5B.
Is SLMA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EMU 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 SLMA?
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.