XETRA · ETF
Invest in EFQ8 ETF from India
Indian and foreign residents can buy Deka iBoxx Liquid Non-Financials Diversified UCITS ETF (EFQ8) units directly through Paasa.
By Paasa · Updated
EFQ8 at a glance
- Price
- €94.24+€0.39 (0.41%)
- Expense ratio
- 0.2%
- Day range
- €93.87 – €94.24
- Assets
- €176.4M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -0.84%
- 6 months
- -2.95%
- YTD
- -4.31%
- 1 year
- -5.08%
- 5 years
- -16.76%
Price change, excluding dividends.
Top 10 holdings
- 1BAYER AG 4.625% 23-26/05/20332.6%
- 2NOVO NORDISK FIN 2.375% 25-27/05/20282.5%
- 3ORANGE 3.5% 25-13/11/20342.3%
- 4SWISSCOM FIN 3.5% 24-29/11/20312.2%
- 5ESSILORLUXOTTICA 2.875% 24-05/03/20292.1%
- 6ENEL SPA 3.875% 26-26/05/20332.1%
- 7KERING 3.875% 23-05/09/20352.1%
- 8ENI SPA 4% 26-26/05/20352.1%
- 9AB INBEV SA/NV 3.375% 25-19/05/20332.1%
- 10STELLANTIS NV 4.25% 23-16/06/20312.1%
These 10 are 22.1% of the fund.
Where the money is invested
Countries
- France27.4%
- Netherlands24.9%
- Germany15.9%
- Italy8.9%
- United Kingdom7.5%
- Belgium5.9%
How to invest in EFQ8 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 EFQ8 and buy
Find the fund by its ticker, EFQ8, on XETRA, and place your order.
Why invest in EFQ8 from India
What EFQ8 holds
Deka iBoxx EUR Liquid Non-Financials Diversified UCITS ETF is an exchange traded fund launched and managed by Deka Investment GmbH. The fund invests in the fixed income markets of the Euro zone.
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 EFQ8 from India?
Yes. Indian residents can buy Deka iBoxx Liquid Non-Financials Diversified UCITS ETF (EFQ8) 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 EFQ8 invest in?
Its largest holdings are BAYER AG 4.625% 23-26/05/2033 (2.6%), NOVO NORDISK FIN 2.375% 25-27/05/2028 (2.5%) and ORANGE 3.5% 25-13/11/2034 (2.3%). It is a distributing fund domiciled in Germany.
What is the expense ratio of EFQ8?
Deka iBoxx Liquid Non-Financials Diversified UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €176.4M.
How are EFQ8 dividends taxed in India?
Deka iBoxx Liquid Non-Financials Diversified UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 EFQ8?
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.