iShares MSCI EMU CHF Hedged UCITS ETF (Acc)
iShares MSCI EMU UCITS ETF (SIX: EMUC) is an exchange-traded fund listed on the SIX Swiss Exchange, trading at CHF 10.15 (about ₹1,176 a unit) as of 25 Sep 2026, 11:35 AM ET. It has an expense ratio of 0.38% and holds 215 securities. Indian residents can buy EMUC through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CHF 10.13
Today's high
CHF 10.20
52 week low
CHF 8.66
52 week high
CHF 10.68
EMUC opened at CHF 10.19, closed previously at CHF 10.12, and has traded between CHF 8.66 and CHF 10.68 over the past 52 weeks.
About
This iShares Exchange Traded Fund (ETF), managed by BlackRock, is designed to mirror as closely as possible the investment results of the MSCI EMU 100% hedged to CHF Index. The fund achieves this by directly holding the underlying securities that comprise the index. A significant feature is its integrated monthly currency hedging mechanism, which utilizes one-month foreign exchange forward contracts. This strategy aims to diminish the effect of exchange rate movements between the fund's primary currency, the Swiss Franc, and the Euro, the currency of the index's constituent assets. The target index itself provides exposure to stocks from countries within Europe's Economic and Monetary Union (EMU) that satisfy MSCI's specific criteria for size, liquidity, and free float. As with all iShares ETFs, it represents a clear, economical, and liquid investment option, trading on stock exchanges akin to conventional stocks, thereby providing straightforward access to diverse global markets and asset categories.
Key statistics
Expense ratio
0.38%
Assets (AUM)
CHF 181.8M
Holdings
215
NAV
CHF 10.10
Avg. volume
—
1-year price change
+15.76%
5-year price change
+48.73%
Price change excludes dividends.
Top 10 holdings
EMUC holds 215 securities in total. These 10 are 30.4% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy EMUC from India
Indian residents can buy EMUC 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 CHF when you buy.
Search EMUC and buy
Find the fund by its ticker, EMUC, on the SIX Swiss Exchange, and place your order.
Read the full guide: how to invest in EMUC from India
Trading and taxes when buying EMUC 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
- Dividends
- ReinvestedDividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the EMUC price today?
iShares MSCI EMU UCITS ETF (EMUC) last traded at CHF 10.15 on the SIX Swiss Exchange, as of 25 Sep 2026, 11:35 AM ET. That is ₹1,176 a unit at the 25 Sep 2026 CHF/INR rate.
When does EMUC trade, in Indian time?
The SIX Swiss Exchange trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when Switzerland is on standard time. Orders can only execute during that window.
How big is EMUC, and what does it cost to hold?
iShares MSCI EMU UCITS ETF manages about CHF 181.8M. Its expense ratio is 0.38% a year, deducted inside the fund. It launched in 2015.
Is EMUC a UCITS ETF?
Yes. iShares MSCI EMU UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the SIX Swiss Exchange and trades in CHF.
What are EMUC's largest holdings?
The top three are ASML HOLDING (8.9%), SIEMENS N AG (3.0%) and SAP (2.8%). EMUC's 10 largest positions make up 30.4% of the fund.
Is EMUC subject to US estate tax?
No. Because EMUC is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
Is EMUC accumulating or distributing?
Accumulating. 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.
How are US dividends taxed inside EMUC?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on EMUC 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 EMUC performed?
EMUC's price is up 15.8% over the past year and up 48.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is EMUC different from a US-listed ETF?
EMUC is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.