NYSE Arca · ETF
Invest in DIEM ETF from India
Indian and foreign residents can buy Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) units directly through Paasa.
By Paasa · Updated
DIEM at a glance
- Price
- $43.41+$0.21 (0.49%)
- Expense ratio
- 0.19%
- Day range
- $43.27 – $43.52
- Assets
- $95.3M
- Domicile
- the US
- Holdings
- 212
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- +1.12%
- 6 months
- +25.79%
- YTD
- +28.97%
- 1 year
- +36.56%
- 5 years
- +41.08%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANU2330.TW13.6%
- 2SAMSUNG ELECTRONICS CO LT005930.KS6.9%
- 3SK HYNIX INC000660.KS5.5%
- 4MEDIATEK INC2454.TW1.9%
- 5TENCENT HOLDINGS LTD0700.HK1.5%
- 6ALIBABA GROUP HOLDING LTD9988.HK1.5%
- 7HON HAI PRECISION INDUSTR2317.TW1.2%
- 8SAMSUNG ELECTRONICS-PREF005935.KS0.9%
- 9CTBC FINANCIAL HOLDING CO2891.TW0.8%
- 10ITAU UNIBANCO HOLDING S-PITUB4.SA0.8%
DIEM holds 212 securities in total. These 10 are 34.6% of the fund.
Where the money is invested
Sectors
- Technology42.2%
- Financial Services23.7%
- Consumer Cyclical5.6%
- Energy5.5%
- Communication Services5.2%
- Basic Materials4.9%
Countries
- Taiwan27.4%
- South Korea16.8%
- China16.2%
- India7.7%
- Brazil5.6%
- Saudi Arabia4.1%
How to invest in DIEM 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.
Step 3
Search DIEM and buy
Find the fund by its ticker, DIEM, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in DIEM from India
What DIEM holds
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the Morningstar® Emerging Markets Target Market Exposure Index (Parent Index) and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.
Hold a dollar asset
DIEM is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one DIEM unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy DIEM from India?
Yes. Indian residents can buy Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) through Paasa. It is listed on NYSE Arca and trades in US dollars. 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 DIEM invest in?
Franklin Emerging Market Core Dividend Tilt Index ETF holds 212 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANU (13.6%), SAMSUNG ELECTRONICS CO LT (6.9%) and SK HYNIX INC (5.5%). Technology is its largest sector at 42.2%. It is a distributing fund domiciled in the US.
What is the expense ratio of DIEM?
Franklin Emerging Market Core Dividend Tilt Index ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about $95.3M.
How are DIEM dividends taxed in India?
Franklin Emerging Market Core Dividend Tilt Index ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell DIEM?
The US does not levy capital gains tax on shares for Indian residents. 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 USD/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.
Can I buy a fraction of one DIEM unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $43.41, and there is no minimum trade size.
What happens to my DIEM units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.