XETRA · UCITS ETF
Invest in XSMI ETF from India
Indian and foreign residents can buy Xtrackers Switzerland UCITS ETF (XSMI) units directly through Paasa.
By Paasa · Updated
XSMI at a glance
- Price
- €151.06-€1.32 (0.87%)
- Expense ratio
- 0.3%
- Day range
- €151.00 – €153.56
- Assets
- €2.5B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -4.61%
- 6 months
- +5.53%
- YTD
- +2.85%
- 1 year
- +13.96%
- 5 years
- +32.95%
Price change, excluding dividends.
Top 10 holdings
- 1ROCHE PS PAR AG17.0%
- 2NOVARTIS AG15.0%
- 3NESTLE SA13.4%
- 4ABB LTD8.7%
- 5UBS GROUP AG8.5%
- 6COMPAGNIE FINANCIERE RICHEMONT SA6.4%
- 7ZURICH INSURANCE GROUP AG5.8%
- 8SWISS RE AG2.9%
- 9LONZA GROUP AG2.8%
- 10HOLCIM LTD AG2.4%
These 10 are 83.0% 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 |
|---|---|---|
| XSMCSIXXtrackers Switzerland UCITS ETF 1C | 0.3% | 2.4B |
Assets are shown in each fund's own reporting currency.
How to invest in XSMI 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 EUR when you buy.
Step 3
Search XSMI and buy
Find the fund by its ticker, XSMI, on XETRA, and place your order.
Why invest in XSMI from India
What XSMI holds
The aim is for your investment to reflect the performance of the Solactive Swiss Large Cap Index (NTR) (the Reference Index) which is designed to reflect the performance of the shares of the 20 largest Swiss companies with domicile and primary listing in Switzerland.
Outside US estate tax
XSMI 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 XSMI's UCITS structure matters for Indian investors
XSMI 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 XSMI from India?
Yes. Indian residents can buy Xtrackers Switzerland UCITS ETF (XSMI) through Paasa. It is listed on XETRA and trades in EUR. 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 XSMI invest in?
Its largest holdings are ROCHE PS PAR AG (17.0%), NOVARTIS AG (15.0%) and NESTLE SA (13.4%). Healthcare is its largest sector at 40.6%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XSMI?
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 €2.5B.
Is XSMI 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.
How are XSMI dividends taxed in India?
Xtrackers Switzerland 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 XSMI?
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 EUR/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.