SIX Swiss Exchange · UCITS ETF
Invest in USCHWH ETF from India
Indian and foreign residents can buy UBS Core MSCI USA hCHF UCITS ETF (USCHWH) units directly through Paasa.
By Paasa · Updated
USCHWH at a glance
- Price
- CHF 53.07-CHF 0.25 (0.47%)
- Expense ratio
- 0.06%
- Day range
- CHF 53.07 – CHF 53.30
- Assets
- CHF 571.9M
- Domicile
- Ireland
- Holdings
- 596
- Launched
- 2013
- Dividends
- Accumulating
- 1 month
- -1.25%
- 6 months
- +17.85%
- YTD
- +8.37%
- 1 year
- +11.44%
- 5 years
- +47.74%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORPNVDA7.9%
- 2APPLE INCAAPL7.5%
- 3MICROSOFT CORPMSFT5.4%
- 4AMAZON.COM INCAMZN3.7%
- 5ALPHABET INC-CL AGOOGL3.0%
- 6META PLATFORMS INC-CLASS AMETA2.5%
- 7BROADCOM INCAVGO2.4%
- 8ALPHABET INC-CL CGOOG2.4%
- 9MICRON TECHNOLOGY INCMU1.8%
- 10TESLA INCTSLA1.7%
USCHWH holds 596 securities in total. These 10 are 38.4% of the fund.
Where the money is invested
Sectors
- Technology38.2%
- Financial Services12.0%
- Communication Services9.4%
- Consumer Cyclical9.4%
- Healthcare9.4%
- Industrials8.1%
Countries
- United States97.6%
- Ireland1.1%
- United Kingdom0.5%
- Switzerland0.3%
- Uruguay0.1%
- Netherlands0.1%
How to invest in USCHWH 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 USCHWH and buy
Find the fund by its ticker, USCHWH, on the SIX Swiss Exchange, and place your order.
Why invest in USCHWH from India
What USCHWH holds
This exchange-traded fund primarily invests in large and mid-capitalization U.S. equities that are constituents of the MSCI USA hedged to CHF index. The fund's portfolio is meticulously structured to reflect the exact weighting of each component within its benchmark index.
Outside US estate tax
USCHWH is domiciled in Ireland, 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 USCHWH's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 USCHWH's UCITS structure matters for Indian investors
USCHWH 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 USCHWH from India?
Yes. Indian residents can buy UBS Core MSCI USA hCHF UCITS ETF (USCHWH) 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 USCHWH invest in?
UBS Core MSCI USA hCHF UCITS ETF holds 596 securities. Its largest holdings are NVIDIA CORP (7.9%), APPLE INC (7.5%) and MICROSOFT CORP (5.4%). Technology is its largest sector at 38.2%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of USCHWH?
UBS Core MSCI USA hCHF UCITS ETF has an expense ratio of 0.06% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 571.9M.
Is USCHWH a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Core MSCI USA hCHF 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.
Does USCHWH pay dividends?
No. UBS Core MSCI USA hCHF 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 USCHWH?
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.