London Stock Exchange ETF segment · ETF
Invest in CMX1 ETF from India
Indian and foreign residents can buy iShares VII PLC - iShares MSCI Mexico Capped ETF (CMX1) units directly through Paasa.
By Paasa · Updated
CMX1 at a glance
- Price
- £154.04-£3.43 (2.18%)
- Expense ratio
- 0.65%
- Day range
- £153.68 – £157.00
- Assets
- £85.6M
- Domicile
- Ireland
- Holdings
- 21
- Launched
- 2010
- Dividends
- Accumulating
- 1 month
- -6.65%
- 6 months
- -6.54%
- YTD
- +3.01%
- 1 year
- +11.08%
- 5 years
- +72.03%
Price change, excluding dividends.
Top 10 holdings
- 1GRUPO MEXICO B18.8%
- 2GPO FINANCE BANORTE13.3%
- 3FOMENTO ECONOMICO MEXICANO10.2%
- 4AMERICA MOVIL B8.4%
- 5CEMEX CPO7.4%
- 6WALMART DE MEXICO V6.4%
- 7INDUST PENOLES4.8%
- 8GRUPO AEROPORTUARIO DEL PACIFICO4.1%
- 9COCA-COLA FEMSA CLASS UBL UNITS2.9%
- 10ARCA CONTINENTAL2.9%
CMX1 holds 21 securities in total. These 10 are 79.3% of the fund.
Where the money is invested
Sectors
- Basic Materials31.8%
- Consumer Defensive29.3%
- Financial Services14.8%
- Industrials11.0%
- Communication Services8.4%
- Real Estate4.6%
Countries
- Mexico100.0%
- United States0.0%
How to invest in CMX1 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 GBP when you buy.
Step 3
Search CMX1 and buy
Find the fund by its ticker, CMX1, on the London Stock Exchange ETF segment, and place your order.
Why invest in CMX1 from India
What CMX1 holds
The primary goal of this fund is to mirror the investment performance of an index composed of companies based in Mexico.
Dividends reinvested for you
Dividends from CMX1'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.
Frequently asked questions
Can I buy CMX1 from India?
Yes. Indian residents can buy iShares VII PLC - iShares MSCI Mexico Capped ETF (CMX1) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 CMX1 invest in?
iShares VII PLC - iShares MSCI Mexico Capped ETF holds 21 securities. Its largest holdings are GRUPO MEXICO B (18.8%), GPO FINANCE BANORTE (13.3%) and FOMENTO ECONOMICO MEXICANO (10.2%). Basic Materials is its largest sector at 31.8%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of CMX1?
iShares VII PLC - iShares MSCI Mexico Capped ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about £85.6M.
Does CMX1 pay dividends?
No. iShares VII PLC - iShares MSCI Mexico Capped 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 CMX1?
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 GBP/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.