XETRA · UCITS ETF
Invest in EDM4 ETF from India
Indian and foreign residents can buy iShares MSCI EMU CTB Enhanced ESG UCITS ETF (EDM4) units directly through Paasa.
By Paasa · Updated
EDM4 at a glance
- Price
- €10.45+€0.06 (0.58%)
- Expense ratio
- 0.12%
- Day range
- €10.44 – €10.48
- Assets
- €3.5B
- Domicile
- Ireland
- Holdings
- 207
- Launched
- 2019
- Dividends
- —
- 1 month
- -1.67%
- 6 months
- +16.78%
- YTD
- +11.43%
- 1 year
- +17.84%
- 5 years
- +62.80%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDINGASML.AS9.1%
- 2SCHNEIDER ELECTRICSU.PA3.7%
- 3SIEMENS N AGSIE.DE3.1%
- 4BANCO SANTANDERSAN.MC3.0%
- 5ALLIANZALV.DE3.0%
- 6SAPSAP.DE2.9%
- 7IBERDROLAIBE.MC2.4%
- 8BANCO BILBAO VIZCAYA ARGENTARIA SABBVA.MC2.2%
- 9SANOFI SASAN.PA2.0%
- 10TOTALENERGIESTTE.PA1.9%
EDM4 holds 207 securities in total. These 10 are 33.2% of the fund.
Where the money is invested
Sectors
- Financial Services27.5%
- Industrials19.9%
- Technology15.9%
- Consumer Cyclical7.3%
- Utilities6.7%
- Healthcare5.6%
Countries
- France25.6%
- Germany23.7%
- Netherlands16.8%
- Spain10.6%
- Italy9.4%
- Finland3.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EMUDLSEiShares MSCI EMU CTB Enhanced ESG UCITS ETF | 0.12% | 362.9M |
Assets are shown in each fund's own reporting currency.
How to invest in EDM4 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 EDM4 and buy
Find the fund by its ticker, EDM4, on XETRA, and place your order.
Why invest in EDM4 from India
What EDM4 holds
This fund's objective is to replicate the returns of a specific benchmark. This index comprises stocks from developed countries within the Eurozone, which are initially drawn from the broader MSCI EMU Index.
Outside US estate tax
EDM4 is domiciled in Ireland, 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 EDM4's UCITS structure matters for Indian investors
EDM4 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy EDM4 from India?
Yes. Indian residents can buy iShares MSCI EMU CTB Enhanced ESG UCITS ETF (EDM4) 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 EDM4 invest in?
iShares MSCI EMU CTB Enhanced ESG UCITS ETF holds 207 securities. Its largest holdings are ASML HOLDING (9.1%), SCHNEIDER ELECTRIC (3.7%) and SIEMENS N AG (3.1%). Financial Services is its largest sector at 27.5%. The fund is domiciled in Ireland.
What is the expense ratio of EDM4?
iShares MSCI EMU CTB Enhanced ESG UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about €3.5B.
Is EDM4 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EMU CTB Enhanced ESG UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell EDM4?
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 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.