London Stock Exchange ETF segment · UCITS ETF
Invest in WVAL ETF from India
Indian and foreign residents can buy State Street SPDR MSCI World Value UCITS ETF (WVAL) units directly through Paasa.
By Paasa · Updated
WVAL at a glance
- Price
- $50.48+$0.46 (0.91%)
- Expense ratio
- 0.25%
- Day range
- $50.36 – $50.49
- Assets
- $260.0M
- Domicile
- Ireland
- Holdings
- 340
- Launched
- 2020
- Dividends
- Accumulating
- 1 month
- -1.34%
- 6 months
- +18.04%
- YTD
- +19.58%
- 1 year
- +32.45%
- 5 years
- +92.34%
Price change, excluding dividends.
Top 10 holdings
- 1Micron Technology Inc.MU7.2%
- 2Cisco Systems Inc.CSCO4.4%
- 3Lam Research CorporationLRCX3.8%
- 4QUALCOMM IncorporatedQCOM2.7%
- 5Verizon Communications Inc.VZ2.3%
- 6Hewlett Packard Enterprise Co.HPE1.9%
- 7AT&T IncT1.9%
- 8Toyota Motor Corp.7203.T1.8%
- 9Adobe Inc.ADBE1.4%
- 10Comcast Corporation Class ACMCSA1.4%
WVAL holds 340 securities in total. These 10 are 28.7% of the fund.
Where the money is invested
Sectors
- Technology29.8%
- Financial Services15.6%
- Industrials12.1%
- Consumer Cyclical9.3%
- Healthcare8.8%
- Communication Services8.7%
Countries
- United States47.1%
- Japan18.0%
- United Kingdom7.5%
- France5.8%
- Germany4.3%
- Switzerland2.1%
How to invest in WVAL 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 WVAL and buy
Find the fund by its ticker, WVAL, on the London Stock Exchange ETF segment, and place your order.
Why invest in WVAL from India
What WVAL holds
The fund's primary goal is to replicate the returns of equities within developed markets worldwide, with a particular focus on allocating more capital to stocks identified as possessing attractive low valuation attributes.
Outside US estate tax
WVAL 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 WVAL's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
WVAL 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 WVAL's UCITS structure matters for Indian investors
WVAL 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 WVAL from India?
Yes. Indian residents can buy State Street SPDR MSCI World Value UCITS ETF (WVAL) 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 WVAL invest in?
State Street SPDR MSCI World Value UCITS ETF holds 340 securities. Its largest holdings are Micron Technology Inc. (7.2%), Cisco Systems Inc. (4.4%) and Lam Research Corporation (3.8%). Technology is its largest sector at 29.8%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of WVAL?
State Street SPDR MSCI World Value UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $260.0M.
Is WVAL a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI World Value 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 WVAL pay dividends?
No. State Street SPDR MSCI World Value 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 WVAL?
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.