XETRA · UCITS ETF
Invest in ZPRX ETF from India
Indian and foreign residents can buy State Street SPDR MSCI Europe Small Value Weighted UCITS ETF (ZPRX) units directly through Paasa.
By Paasa · Updated
ZPRX at a glance
- Price
- €70.08+€0.43 (0.62%)
- Expense ratio
- 0.3%
- Day range
- €69.90 – €70.12
- Assets
- €842.6M
- Domicile
- Ireland
- Holdings
- 799
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -2.15%
- 6 months
- +18.30%
- YTD
- +12.60%
- 1 year
- +19.02%
- 5 years
- +53.62%
Price change, excluding dividends.
Top 10 holdings
- 1WPP Plc1.3%
- 2thyssenkrupp AG1.3%
- 3Adecco Group AG1.2%
- 4Valeo SE1.0%
- 5Barratt Redrow plc0.8%
- 6DCC Energy Plc0.8%
- 7TUI AG0.8%
- 8Randstad NV0.7%
- 9Air France-KLM SA0.7%
- 10SCOR SE0.7%
ZPRX holds 799 securities in total. These 10 are 9.2% of the fund.
Where the money is invested
Sectors
- Industrials27.7%
- Consumer Cyclical16.2%
- Financial Services14.7%
- Basic Materials9.0%
- Real Estate7.1%
- Communication Services5.3%
Countries
- United Kingdom26.4%
- France11.2%
- Germany10.2%
- Sweden8.0%
- Switzerland7.4%
- Italy5.5%
How to invest in ZPRX 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 ZPRX and buy
Find the fund by its ticker, ZPRX, on XETRA, and place your order.
Why invest in ZPRX from India
What ZPRX holds
The investment objective of the Fund is to track the performance of European small capitalisation equities with a higher weighting applied to equities exhibiting low valuation characteristics.
Outside US estate tax
ZPRX 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 ZPRX's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 ZPRX's UCITS structure matters for Indian investors
ZPRX 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 ZPRX from India?
Yes. Indian residents can buy State Street SPDR MSCI Europe Small Value Weighted UCITS ETF (ZPRX) 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 ZPRX invest in?
State Street SPDR MSCI Europe Small Value Weighted UCITS ETF holds 799 securities. Its largest holdings are WPP Plc (1.3%), thyssenkrupp AG (1.3%) and Adecco Group AG (1.2%). Industrials is its largest sector at 27.7%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of ZPRX?
State Street SPDR MSCI Europe Small Value Weighted 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 €842.6M.
Is ZPRX a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI Europe Small Value Weighted 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 ZPRX pay dividends?
No. State Street SPDR MSCI Europe Small Value Weighted 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 ZPRX?
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.