SIX Swiss Exchange · UCITS ETF
Invest in XSMC ETF from India
Indian and foreign residents can buy Xtrackers Switzerland UCITS ETF (XSMC) units directly through Paasa.
By Paasa · Updated
XSMC at a glance
- Price
- CHF 176.48-CHF 1.30 (0.73%)
- Expense ratio
- 0.3%
- Day range
- CHF 176.48 – CHF 179.10
- Assets
- CHF 2.4B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -3.70%
- 6 months
- +10.70%
- YTD
- +6.27%
- 1 year
- +17.18%
- 5 years
- +28.14%
Price change, excluding dividends.
Top 10 holdings
- 1ROCHE HOLDING AG17.3%
- 2NOVARTIS AG REG15.0%
- 3NESTLE SA REG13.5%
- 4ABB LTD REG8.6%
- 5UBS GROUP AG REG8.5%
- 6CIE FINANCIERE RICHEMO A REG6.3%
- 7ZURICH INSURANCE GROUP AG5.9%
- 8SWISS RE AG3.0%
- 9LONZA GROUP AG REG2.8%
- 10HOLCIM LTD2.3%
These 10 are 83.2% of the fund.
Where the money is invested
Sectors
- Healthcare40.6%
- Financial Services20.7%
- Consumer Defensive13.5%
- Industrials10.7%
- Consumer Cyclical6.9%
- Basic Materials6.4%
Countries
- Switzerland99.9%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XSMIXETRAXtrackers Switzerland UCITS ETF 1D | 0.3% | 2.5B |
Assets are shown in each fund's own reporting currency.
How to invest in XSMC 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 XSMC and buy
Find the fund by its ticker, XSMC, on the SIX Swiss Exchange, and place your order.
Why invest in XSMC from India
What XSMC holds
The Solactive Swiss Large Cap Index (NTR) is structured to replicate the investment performance of prominent Swiss corporations. It consists of the twenty largest and most actively traded companies in Switzerland.
Outside US estate tax
XSMC is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 XSMC's UCITS structure matters for Indian investors
XSMC is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy XSMC from India?
Yes. Indian residents can buy Xtrackers Switzerland UCITS ETF (XSMC) 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 XSMC invest in?
Its largest holdings are ROCHE HOLDING AG (17.3%), NOVARTIS AG REG (15.0%) and NESTLE SA REG (13.5%). Healthcare is its largest sector at 40.6%. The fund is domiciled in Luxembourg.
What is the expense ratio of XSMC?
Xtrackers Switzerland 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 CHF 2.4B.
Is XSMC a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers Switzerland UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell XSMC?
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.