Deka MDAX UCITS ETF
Deka MDAX UCITS ETF (XETRA: ELF1) is an exchange-traded fund listed on XETRA, trading at €286.65 (about ₹31,329 a unit) as of 29 Sep 2026, 11:36 AM ET. It has an expense ratio of 0.3%. Indian residents can buy ELF1 through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€286.65
Today's high
€288.75
52 week low
€250.00
52 week high
€311.85
ELF1 opened at €287.25, closed previously at €286.80, and has traded between €250.00 and €311.85 over the past 52 weeks.
About
The Deka MDAX UCITS ETF is a mutual investment fund, fully compliant with UCITS IV standards. Its objective is to closely track the performance of the MDAX Index, a benchmark index. This index is composed of 50 medium-sized German public companies, as well as foreign corporations with their legal base in the EU or EFTA, or principal operations in Germany. These included companies are ranked by market capitalization below the 40 firms in the DAX. To qualify for the MDAX, a company must be listed on the regulated market of the Frankfurt Stock Exchange (FWB).
Key statistics
Expense ratio
0.3%
Assets (AUM)
€365.8M
Holdings
—
NAV
€288.04
Avg. volume
—
1-year price change
+1.96%
5-year price change
-12.78%
Price change excludes dividends.
Top 10 holdings
These 10 are 39.1% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy ELF1 from India
Indian residents can buy ELF1 units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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.
Search ELF1 and buy
Find the fund by its ticker, ELF1, on XETRA, and place your order.
Read the full guide: how to invest in ELF1 from India
Trading and taxes when buying ELF1 from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the ELF1 price today?
Deka MDAX UCITS ETF (ELF1) last traded at €286.65 on XETRA, as of 29 Sep 2026, 11:36 AM ET. That is ₹31,329 a unit at the 28 Sep 2026 EUR/INR rate.
When does ELF1 trade, in Indian time?
XETRA trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
How big is ELF1, and what does it cost to hold?
Deka MDAX UCITS ETF manages about €365.8M. Its expense ratio is 0.3% a year, deducted inside the fund. It launched in 2014.
What are ELF1's largest holdings?
The top three are DEUTSCHE LUFTHANSA-REG (4.9%), TALANX AG (4.9%) and THYSSENKRUPP AG (4.8%). ELF1's 10 largest positions make up 39.1% of the fund.
How are gains on ELF1 taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has ELF1 performed?
ELF1's price is up 2.0% over the past year and down 12.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.