Euronext Amsterdam · UCITS ETF
Invest in WCMS ETF from India
Indian and foreign residents can buy iShares MSCI World Communication Services Sector Advanced UCITS ETF (WCMS) units directly through Paasa.
By Paasa · Updated
WCMS at a glance
- Price
- $8.25-$0.00 (0.02%)
- Expense ratio
- 0.18%
- Day range
- $8.25 – $8.31
- Assets
- $138.3M
- Domicile
- Ireland
- Holdings
- 60
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- +2.94%
- 6 months
- +11.73%
- YTD
- +4.56%
- 1 year
- +7.28%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ALPHABET CLASS AGOOGL25.9%
- 2META PLATFORMS CLASS AMETA18.6%
- 3ALPHABET CLASS CGOOG5.5%
- 4NETFLIXNFLX4.8%
- 5VERIZON COMMUNICATIONS INCVZ4.7%
- 6SOFTBANK GROUP9984.T3.3%
- 7WALT DISNEYDIS3.1%
- 8SOFTBANK9434.T2.7%
- 9WARNER BROS. DISCOVERY SERIES AWBD2.6%
- 10NINTENDO7974.T2.5%
WCMS holds 60 securities in total. These 10 are 73.6% of the fund.
Where the money is invested
Sectors
- Communication Services98.3%
- Real Estate1.0%
- Consumer Cyclical0.6%
- Technology0.1%
Countries
- United States77.6%
- Japan11.5%
- Sweden3.0%
- France1.8%
- Netherlands1.4%
- United Kingdom1.2%
How to invest in WCMS 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 WCMS and buy
Find the fund by its ticker, WCMS, on Euronext Amsterdam, and place your order.
Why invest in WCMS from India
What WCMS holds
This Fund aims to generate overall investment returns for its shareholders, derived from both the appreciation in value of its assets and the income they produce. Its performance is structured to replicate the returns of the MSCI World Communication Services Advanced Select 20 35 Capped Index.
Outside US estate tax
WCMS 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
WCMS 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 WCMS' UCITS structure matters for Indian investors
WCMS 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 WCMS from India?
Yes. Indian residents can buy iShares MSCI World Communication Services Sector Advanced UCITS ETF (WCMS) through Paasa. It is listed on Euronext Amsterdam 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 WCMS invest in?
iShares MSCI World Communication Services Sector Advanced UCITS ETF holds 60 securities. Its largest holdings are ALPHABET CLASS A (25.9%), META PLATFORMS CLASS A (18.6%) and ALPHABET CLASS C (5.5%). Communication Services is its largest sector at 98.3%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of WCMS?
iShares MSCI World Communication Services Sector Advanced UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $138.3M.
Is WCMS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI World Communication Services Sector Advanced 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.
How are WCMS dividends taxed in India?
iShares MSCI World Communication Services Sector Advanced UCITS ETF 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 WCMS?
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.