Euronext Amsterdam · UCITS ETF
Invest in WFNS ETF from India
Indian and foreign residents can buy iShares MSCI World Financials Sector Advanced UCITS ETF (WFNS) units directly through Paasa.
By Paasa · Updated
WFNS at a glance
- Price
- $8.38+$0.08 (0.90%)
- Expense ratio
- 0.18%
- Day range
- $8.37 – $8.41
- Assets
- $147.1M
- Domicile
- Ireland
- Holdings
- 228
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -3.95%
- 6 months
- +15.25%
- YTD
- +6.37%
- 1 year
- +12.51%
- 5 years
- +65.00%
Price change, excluding dividends.
Top 10 holdings
- 1JPMORGAN CHASE & COJPM5.9%
- 2VISA CLASS AV4.4%
- 3BERKSHIRE HATHAWAY INC CLASS BBRK-B2.9%
- 4MASTERCARD CLASS AMA2.8%
- 5BLK ICS USD LIQ AGENCY DIS2.4%
- 6HSBC HOLDINGS PLCHSBA.L2.3%
- 7ROYAL BANK OF CANADARY.TO2.0%
- 8GOLDMAN SACHS GROUPGS2.0%
- 9BANK OF AMERICABAC2.0%
- 10MORGAN STANLEYMS1.7%
WFNS holds 228 securities in total. These 10 are 28.4% of the fund.
Where the money is invested
Sectors
- Financial Services99.1%
- Technology0.4%
- Industrials0.1%
- Real Estate0.0%
Countries
- United States44.5%
- Canada10.5%
- United Kingdom6.9%
- Japan6.7%
- Australia4.8%
- Switzerland3.8%
How to invest in WFNS 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 WFNS and buy
Find the fund by its ticker, WFNS, on Euronext Amsterdam, and place your order.
Why invest in WFNS from India
What WFNS holds
This Fund aims to deliver an overall return to investors, combining both the growth in value of its assets and the income they generate. Its performance is designed to closely track that of the MSCI World Financials Advanced Select 20 35 Capped Index.
Outside US estate tax
WFNS 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
WFNS 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 WFNS' UCITS structure matters for Indian investors
WFNS 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 WFNS from India?
Yes. Indian residents can buy iShares MSCI World Financials Sector Advanced UCITS ETF (WFNS) 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 WFNS invest in?
iShares MSCI World Financials Sector Advanced UCITS ETF holds 228 securities. Its largest holdings are JPMORGAN CHASE & CO (5.9%), VISA CLASS A (4.4%) and BERKSHIRE HATHAWAY INC CLASS B (2.9%). Technology is its largest sector at 0.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of WFNS?
iShares MSCI World Financials 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 $147.1M.
Is WFNS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI World Financials 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 WFNS dividends taxed in India?
iShares MSCI World Financials 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 WFNS?
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.