SIX Swiss Exchange · ETF
Invest in SMICHA ETF from India
Indian and foreign residents can buy UBS ETF CH – SMI (SMICHA) units directly through Paasa.
By Paasa · Updated
SMICHA at a glance
- Price
- CHF 141.06-CHF 1.02 (0.72%)
- Expense ratio
- 0.2%
- Day range
- CHF 141.06 – CHF 143.18
- Assets
- CHF 2.4B
- Domicile
- Switzerland
- Holdings
- 20
- Launched
- 2008
- Dividends
- Distributing
- 1 month
- -4.96%
- 6 months
- +8.89%
- YTD
- +4.35%
- 1 year
- +14.40%
- 5 years
- +19.22%
Price change, excluding dividends.
Top 10 holdings
- 1ROCHE HLDG PC PRP17.5%
- 2NOVARTIS AG-REG15.2%
- 3NESTLE SA-REG13.6%
- 4UBS GROUP AG-REG8.8%
- 5ABB LTD-REG8.8%
- 6CIE FINANCIERE RICHEMO-A REG6.2%
- 7ZURICH INSURANCE GROUP AG6.2%
- 8SWISS RE AG2.9%
- 9LONZA GROUP AG-REG2.6%
- 10HOLCIM LTD2.5%
SMICHA holds 20 securities in total. These 10 are 84.3% of the fund.
Where the money is invested
Sectors
- Healthcare37.9%
- Financial Services21.3%
- Consumer Defensive13.9%
- Industrials11.0%
- Basic Materials7.5%
- Consumer Cyclical6.4%
Countries
- Switzerland103.3%
- United States1.2%
How to invest in SMICHA 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 CHF when you buy.
Step 3
Search SMICHA and buy
Find the fund by its ticker, SMICHA, on the SIX Swiss Exchange, and place your order.
Why invest in SMICHA from India
What SMICHA holds
The main goal of this subfund is to closely follow the price changes and overall return performance of the Swiss Market Index (SMI) before any fees are deducted. It achieves this by investing in the stocks of companies that are either presently part of the SMI or are expected to join it, alongside other asset types allowed by the fund's contractual terms.
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.
Frequently asked questions
Can I buy SMICHA from India?
Yes. Indian residents can buy UBS ETF CH – SMI (SMICHA) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. 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 SMICHA invest in?
UBS ETF CH – SMI holds 20 securities. Its largest holdings are ROCHE HLDG PC PRP (17.5%), NOVARTIS AG-REG (15.2%) and NESTLE SA-REG (13.6%). Healthcare is its largest sector at 37.9%. It is a distributing fund domiciled in Switzerland.
What is the expense ratio of SMICHA?
UBS ETF CH – SMI has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 2.4B.
How are SMICHA dividends taxed in India?
UBS ETF CH – SMI is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell SMICHA?
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 CHF/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.