Invesco JPX-Nikkei 400 UCITS ETF
Invesco JPX-Nikkei 400 UCITS ETF (XETRA: NS4E) is an exchange-traded fund listed on XETRA, trading at €45.06 (about ₹4,745 a unit) as of 10 Nov 2026, 10:21 AM ET. It has an expense ratio of 0.19% and holds 401 securities. Indian residents can buy NS4E through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€44.86
Today's high
€45.08
52 week low
€36.33
52 week high
€48.10
NS4E opened at €45.04, closed previously at €44.88, and has traded between €36.33 and €48.10 over the past 52 weeks.
About
This Invesco ETF seeks to replicate the net total return performance of the JPX-Nikkei 400 EUR Hedged Index, referred to as the "Reference Index," after accounting for associated fees. The reference index offers diversified exposure to 400 companies listed on the Tokyo Stock Exchange, encompassing large-cap, small-cap, growth-oriented, and innovative sectors. Its selection methodology emphasizes companies demonstrating significant potential for generating shareholder value. Jointly developed by Nikkei and the Japan Exchange Group, the index's components are selected using rigorous criteria, including company size, return on equity, operating profitability, and robust corporate governance standards. A monthly currency hedge is embedded within the index's calculation to mitigate the effects of exchange rate volatility between the Japanese Yen and the Euro. The fund pursues its investment objective primarily through holding a basket of equities, which, though not identical to the index's constituents, is expected to deliver the majority of the fund's performance. Furthermore, it utilizes unfunded swap agreements with approved counterparties to reconcile any performance disparity between its equity holdings and the reference index. This hybrid approach aims to achieve a more precise and stable tracking performance than could typically be attained through solely physical replication. Operating under a passive management strategy, this ETF means investors acquire units in an index-tracking fund, rather than direct ownership of its underlying assets.
Key statistics
Expense ratio
0.19%
Assets (AUM)
€181.3M
Holdings
401
NAV
€42.94
Avg. volume
1.77K
1-year price change
+22.88%
5-year price change
+131.20%
Price change excludes dividends.
Top 10 holdings
NS4E holds 401 securities in total. These 10 are 18.0% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy NS4E from India
Indian residents can buy NS4E units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in NS4E from India
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 NS4E and buy
Find the fund by its ticker, NS4E, on XETRA, and place your order.
Track holdings and download tax reports
Follow your NS4E position in EUR and INR, and use Paasa's tax statements when you file your Indian return.
Trading and taxes when buying NS4E 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
FAQs
What is the NS4E price today?
Invesco JPX-Nikkei 400 UCITS ETF (NS4E) last traded at €45.06 on XETRA, as of 10 Nov 2026, 10:21 AM ET. That is ₹4,745 a unit at the 9 Nov 2026 EUR/INR rate.
When does NS4E trade, in Indian time?
XETRA trades 1:30 pm – 10:00 pm IST. The window shifts to 12:30 pm – 9:00 pm IST when Germany is on daylight time. Orders can only execute during that window.
How big is NS4E, and what does it cost to hold?
Invesco JPX-Nikkei 400 UCITS ETF manages about €181.3M. Its expense ratio is 0.19% a year, deducted inside the fund. It launched in 2015.
Is NS4E a UCITS ETF?
Yes. Invesco JPX-Nikkei 400 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 XETRA and trades in EUR.
What are NS4E's largest holdings?
The top three are RECRUIT HOLDINGS ORD (2.5%), SONY GROUP CORP ORD (2.0%) and ITOCHU ORD (1.9%). NS4E's 10 largest positions make up 18.0% of the fund.
Is NS4E subject to US estate tax?
No. Because NS4E 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.
How are US dividends taxed inside NS4E?
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 NS4E 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 NS4E performed?
NS4E's price is up 22.9% over the past year and up 131.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is NS4E different from a US-listed ETF?
NS4E 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.