London Stock Exchange ETF segment · UCITS ETF
Invest in SMTC ETF from India
Indian and foreign residents can buy Amundi Smart Overnight Return UCITS ETF (SMTC) units directly through Paasa.
By Paasa · Updated
SMTC at a glance
- Price
- $1,323.90+$0.10 (0.01%)
- Expense ratio
- 0.1%
- Day range
- $1,323.70 – $1,326.00
- Assets
- $25.3B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2025
- Dividends
- Accumulating
- 1 month
- +0.35%
- 6 months
- +2.08%
- YTD
- +3.12%
- 1 year
- +4.28%
- 5 years
- +22.54%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INCAAPL6.2%
- 2AMAZON.COM INCAMZN5.2%
- 3MICROSOFT CORPMSFT4.9%
- 4MICRON TECHNOLOGY INCMU3.9%
- 5NVIDIA CORPNVDA3.5%
- 6INTEL CORPINTC3.2%
- 7ADVANCED MICRO DEVICESAMD3.1%
- 8TESLA INCTSLA2.9%
- 9ALPHABET INC CL CGOOG2.5%
- 10ELI LILLY & COLLY2.2%
These 10 are 37.6% of the fund.
Where the money is invested
Sectors
- Technology35.9%
- Communication Services13.9%
- Consumer Cyclical13.9%
- Healthcare11.3%
- Financial Services10.3%
- Industrials6.3%
Countries
- United States95.6%
- Germany2.0%
- Japan0.9%
- Netherlands0.9%
- United Kingdom0.1%
- Luxembourg0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CSH2LSEAmundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.1% | 19.1B |
| EGV2XETRAAmundi Smart Overnight Return UCITS ETF Dist | 0.1% | 22.2B |
Assets are shown in each fund's own reporting currency.
How to invest in SMTC 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 SMTC and buy
Find the fund by its ticker, SMTC, on the London Stock Exchange ETF segment, and place your order.
Why invest in SMTC from India
What SMTC holds
The Amundi Smart Overnight Return UCITS ETF USD Hedged Acc aims to closely mirror the performance of its benchmark, the €STR (Euro Short-Term Rate) index, regardless of market direction. A core objective is also to minimize the divergence, or "tracking error," between the Sub-Fund's net asset value (NAV) and the Index's returns.
Outside US estate tax
SMTC is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from SMTC's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
SMTC 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.
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 SMTC's UCITS structure matters for Indian investors
SMTC is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy SMTC from India?
Yes. Indian residents can buy Amundi Smart Overnight Return UCITS ETF (SMTC) through Paasa. It is listed on the London Stock Exchange ETF segment 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 SMTC invest in?
Its largest holdings are APPLE INC (6.2%), AMAZON.COM INC (5.2%) and MICROSOFT CORP (4.9%). Technology is its largest sector at 35.9%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of SMTC?
Amundi Smart Overnight Return UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about $25.3B.
Is SMTC a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Smart Overnight Return UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does SMTC pay dividends?
No. Amundi Smart Overnight Return UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell SMTC?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.