XETRA · UCITS ETF
Invest in EDM6 ETF from India
Indian and foreign residents can buy iShares MSCI Europe CTB Enhanced ESG UCITS ETF (EDM6) units directly through Paasa.
By Paasa · Updated
EDM6 at a glance
- Price
- €9.70+€0.04 (0.42%)
- Expense ratio
- 0.12%
- Day range
- €9.69 – €9.74
- Assets
- €2.3B
- Domicile
- Ireland
- Holdings
- 372
- Launched
- 2019
- Dividends
- —
- 1 month
- -2.61%
- 6 months
- +10.86%
- YTD
- +10.35%
- 1 year
- +19.61%
- 5 years
- +52.04%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDINGASML.AS5.1%
- 2HSBC HOLDINGS PLCHSBA.L2.9%
- 3ROCHE PS PAR AGROP.SW2.5%
- 4NOVARTIS AGNOVN.SW2.5%
- 5SCHNEIDER ELECTRICSU.PA2.0%
- 6ABB LTDABBN.SW1.9%
- 7ASTRAZENECA PLCAZN.L1.7%
- 8TOTALENERGIESTTE.PA1.7%
- 9SAPSAP.DE1.7%
- 10BANCO SANTANDERSAN.MC1.6%
EDM6 holds 372 securities in total. These 10 are 23.6% of the fund.
Where the money is invested
Sectors
- Financial Services26.2%
- Industrials18.1%
- Healthcare12.8%
- Technology9.2%
- Consumer Defensive8.0%
- Consumer Cyclical6.0%
Countries
- United Kingdom20.7%
- Switzerland14.7%
- France14.4%
- Germany12.7%
- Netherlands9.1%
- Spain5.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EEUDLSEiShares MSCI Europe CTB Enhanced ESG UCITS ETF | 0.12% | 4.3B |
Assets are shown in each fund's own reporting currency.
How to invest in EDM6 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 EDM6 and buy
Find the fund by its ticker, EDM6, on XETRA, and place your order.
Why invest in EDM6 from India
What EDM6 holds
This Fund aims to provide investment returns that mirror the performance of its benchmark, the MSCI Europe ESG Enhanced Focus CTB Index. It achieves this by focusing on both capital appreciation and income generation from its assets.
Outside US estate tax
EDM6 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 EDM6's UCITS structure matters for Indian investors
EDM6 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 EDM6 from India?
Yes. Indian residents can buy iShares MSCI Europe CTB Enhanced ESG UCITS ETF (EDM6) 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 EDM6 invest in?
iShares MSCI Europe CTB Enhanced ESG UCITS ETF holds 372 securities. Its largest holdings are ASML HOLDING (5.1%), HSBC HOLDINGS PLC (2.9%) and ROCHE PS PAR AG (2.5%). Financial Services is its largest sector at 26.2%. The fund is domiciled in Ireland.
What is the expense ratio of EDM6?
iShares MSCI Europe 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 €2.3B.
Is EDM6 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe 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 EDM6?
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.