XETRA · UCITS ETF
Invest in DBXT ETF from India
Indian and foreign residents can buy Xtrackers II Overnight Rate Swap UCITS ETF (DBXT) units directly through Paasa.
By Paasa · Updated
DBXT at a glance
- Price
- €150.32+€0.05 (0.03%)
- Expense ratio
- 0.1%
- Day range
- €150.29 – €150.33
- Assets
- €24.1B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- +0.22%
- 6 months
- +1.07%
- YTD
- +1.53%
- 1 year
- +2.06%
- 5 years
- +11.13%
Price change, excluding dividends.
Top 10 holdings
- 1EUROPEAN UNION1.9%
- 2ITALY (REPUBLIC OF)1.8%
- 3BUNDESREPUB. DEUTSCHLAND1.3%
- 4FRANCE (REPUBLIC OF)1.1%
- 5FRANCE (REPUBLIC OF)1.1%
- 6FRANCE (REPUBLIC OF)1.1%
- 7EUROPEAN UNION1.0%
- 8FRANCE (REPUBLIC OF)1.0%
- 9UK CONV GILT1.0%
- 10TURKIYE GOVERNMENT BOND0.9%
These 10 are 12.3% of the fund.
Where the money is invested
Countries
- France18.8%
- Other14.4%
- Belgium12.8%
- Germany9.5%
- Italy7.8%
- Spain7.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XSTRLSEXtrackers II GBP Overnight Rate Swap UCITS ETF 1D | 0.1% | 194.8M |
| XFFELSEXtrackers II USD Overnight Rate Swap UCITS ETF 1C | 0.1% | 355.4M |
Assets are shown in each fund's own reporting currency.
How to invest in DBXT 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 DBXT and buy
Find the fund by its ticker, DBXT, on XETRA, and place your order.
Why invest in DBXT from India
What DBXT holds
The aim is for your investment to reflect the performance of the DEUTSCHE BANK EURO OVERNIGHT RATE INDEX (the Reference Index). The Reference Index reflects the performance of a deposit earning interest at the Euro short term rate (STR), with the interest being re-invested in the deposit, daily, plus 8.5 basis points adjustment.
Outside US estate tax
DBXT is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 DBXT's UCITS structure matters for Indian investors
DBXT is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy DBXT from India?
Yes. Indian residents can buy Xtrackers II Overnight Rate Swap UCITS ETF (DBXT) 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 DBXT invest in?
Its largest holdings are EUROPEAN UNION (1.9%), ITALY (REPUBLIC OF) (1.8%) and BUNDESREPUB. DEUTSCHLAND (1.3%). The fund is domiciled in Luxembourg.
What is the expense ratio of DBXT?
Xtrackers II Overnight Rate Swap UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about €24.1B.
Is DBXT a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers II Overnight Rate Swap UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell DBXT?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.