Euronext Amsterdam · ETF
Invest in STEC ETF from India
Indian and foreign residents can buy iShares STOXX Europe 600 Technology UCITS ETF DE (STEC) units directly through Paasa.
By Paasa · Updated
STEC at a glance
- Price
- €7.72-€0.12 (1.47%)
- Expense ratio
- 0.46%
- Day range
- €7.71 – €7.82
- Assets
- €25.8M
- Domicile
- Germany
- Holdings
- 35
- Launched
- 2022
- Dividends
- —
- 1 month
- -2.66%
- 6 months
- +6.34%
- YTD
- +21.18%
- 1 year
- +21.18%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING27.0%
- 2SAP17.3%
- 3INFINEON TECHNOLOGIES AG8.4%
- 4RELX PLC8.2%
- 5PROSUS NV CLASS N5.7%
- 6ASM INTERNATIONAL NV4.4%
- 7STMICROELECTRONICS3.5%
- 8AMADEUS IT GROUP3.3%
- 9CAPGEMINI2.7%
- 10HEXAGON CLASS B2.6%
STEC holds 35 securities in total. These 10 are 83.0% of the fund.
Where the money is invested
Sectors
- Technology89.3%
- Media8.8%
- Industrial Goods & Services1.7%
Countries
- Netherlands38.7%
- Germany27.8%
- United Kingdom11.3%
- France5.8%
- Spain4.1%
- Sweden3.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EXV3XETRAiShares STOXX Europe 600 Technology UCITS ETF (DE) | 0.46% | 223.0M |
Assets are shown in each fund's own reporting currency.
How to invest in STEC 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 STEC and buy
Find the fund by its ticker, STEC, on Euronext Amsterdam, and place your order.
Why invest in STEC from India
What STEC holds
Its primary goal is to mirror the financial performance of an index comprising technology-focused enterprises located across Europe.
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 STEC from India?
Yes. Indian residents can buy iShares STOXX Europe 600 Technology UCITS ETF DE (STEC) 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 STEC invest in?
iShares STOXX Europe 600 Technology UCITS ETF DE holds 35 securities. Its largest holdings are ASML HOLDING (27.0%), SAP (17.3%) and INFINEON TECHNOLOGIES AG (8.4%). Technology is its largest sector at 89.3%. The fund is domiciled in Germany.
What is the expense ratio of STEC?
iShares STOXX Europe 600 Technology UCITS ETF DE has an expense ratio of 0.46% a year, taken from the fund's assets rather than billed to you. The fund manages about €25.8M.
What tax do I pay in India when I sell STEC?
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.