London Stock Exchange ETF segment · UCITS ETF
Invest in SWRD ETF from India
Indian and foreign residents can buy State Street SPDR MSCI World UCITS ETF (SWRD) units directly through Paasa.
By Paasa · Updated
SWRD at a glance
- Price
- $53.49+$0.12 (0.22%)
- Expense ratio
- 0.12%
- Day range
- $53.49 – $53.68
- Assets
- $22.4B
- Domicile
- Ireland
- Holdings
- 1,240
- Launched
- 2019
- Dividends
- —
- 1 month
- -1.62%
- 6 months
- +18.21%
- YTD
- +11.28%
- 1 year
- +16.21%
- 5 years
- +76.36%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA Corporation5.8%
- 2Apple Inc.5.4%
- 3Microsoft Corporation3.9%
- 4Amazon.com Inc.2.6%
- 5Alphabet Inc. Class A2.2%
- 6Alphabet Inc. Class C1.7%
- 7Broadcom Inc.1.7%
- 8Meta Platforms Inc Class A1.7%
- 9Micron Technology Inc.1.3%
- 10Tesla Inc.1.1%
SWRD holds 1,240 securities in total. These 10 are 27.5% of the fund.
Where the money is invested
Sectors
- Technology30.6%
- Financial Services16.4%
- Industrials10.8%
- Healthcare9.3%
- Consumer Cyclical8.7%
- Communication Services8.0%
Countries
- United States71.3%
- Japan5.8%
- United Kingdom3.7%
- Canada3.3%
- Switzerland2.5%
- Germany2.1%
How to invest in SWRD 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 SWRD and buy
Find the fund by its ticker, SWRD, on the London Stock Exchange ETF segment, and place your order.
Why invest in SWRD from India
What SWRD holds
The investment objective of the Fund is to track the performance of large and mid-sized equities in developed markets globally.
Outside US estate tax
SWRD is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
SWRD 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 SWRD's UCITS structure matters for Indian investors
SWRD 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 SWRD from India?
Yes. Indian residents can buy State Street SPDR MSCI World UCITS ETF (SWRD) 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 SWRD invest in?
State Street SPDR MSCI World UCITS ETF holds 1,240 securities. Its largest holdings are NVIDIA Corporation (5.8%), Apple Inc. (5.4%) and Microsoft Corporation (3.9%). Technology is its largest sector at 30.6%. The fund is domiciled in Ireland.
What is the expense ratio of SWRD?
State Street SPDR MSCI World 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 $22.4B.
Is SWRD a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI World 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 SWRD?
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.