London Stock Exchange ETF segment · UCITS ETF
Invest in WFIN ETF from India
Indian and foreign residents can buy State Street SPDR MSCI World Financials UCITS ETF (WFIN) units directly through Paasa.
By Paasa · Updated
WFIN at a glance
- Price
- $101.28+$1.02 (1.02%)
- Expense ratio
- 0.3%
- Day range
- $100.90 – $101.70
- Assets
- $380.4M
- Domicile
- Ireland
- Holdings
- 230
- Launched
- 2009
- Dividends
- —
- 1 month
- -4.48%
- 6 months
- +16.61%
- YTD
- +6.68%
- 1 year
- +13.36%
- 5 years
- +86.26%
Price change, excluding dividends.
Top 10 holdings
- 1JPMorgan Chase & Co.JPM6.2%
- 2Berkshire Hathaway Inc. Class BBRK-B4.9%
- 3Visa Inc. Class AV4.2%
- 4Mastercard Incorporated Class AMA3.2%
- 5Bank of America CorpBAC2.5%
- 6HSBC Holdings PlcHSBA.L2.3%
- 7Royal Bank of CanadaRY.TO1.9%
- 8Goldman Sachs Group Inc.GS1.9%
- 9Wells Fargo & CompanyWFC1.7%
- 10Mitsubishi UFJ Financial Group Inc.8306.T1.7%
WFIN holds 230 securities in total. These 10 are 30.5% of the fund.
Where the money is invested
Sectors
- Financial Services98.4%
- Technology1.1%
- Industrials0.3%
- Real Estate0.1%
Countries
- United States50.3%
- Canada8.2%
- Japan7.0%
- United Kingdom5.9%
- Australia3.9%
- Switzerland3.6%
How to invest in WFIN 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 WFIN and buy
Find the fund by its ticker, WFIN, on the London Stock Exchange ETF segment, and place your order.
Why invest in WFIN from India
What WFIN holds
This ETF's main purpose is to mirror the financial performance of companies operating in the worldwide financial services sector, specifically those located in established economies.
Outside US estate tax
WFIN 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
WFIN 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 WFIN's UCITS structure matters for Indian investors
WFIN 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 WFIN from India?
Yes. Indian residents can buy State Street SPDR MSCI World Financials UCITS ETF (WFIN) 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 WFIN invest in?
State Street SPDR MSCI World Financials UCITS ETF holds 230 securities. Its largest holdings are JPMorgan Chase & Co. (6.2%), Berkshire Hathaway Inc. Class B (4.9%) and Visa Inc. Class A (4.2%). Financial Services is its largest sector at 98.4%. The fund is domiciled in Ireland.
What is the expense ratio of WFIN?
State Street SPDR MSCI World Financials UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $380.4M.
Is WFIN a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI World Financials 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 WFIN?
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.