XETRA · UCITS ETF
Invest in EJAP ETF from India
Indian and foreign residents can buy BNP Paribas Easy MSCI Japan Min TE UCITS ETF (EJAP) units directly through Paasa.
By Paasa · Updated
EJAP at a glance
- Price
- €21.22+€0.07 (0.31%)
- Expense ratio
- 0.15%
- Day range
- €21.18 – €21.23
- Assets
- €3.0B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2016
- Dividends
- Accumulating
- 1 month
- +2.36%
- 6 months
- +21.53%
- YTD
- +24.24%
- 1 year
- +29.23%
- 5 years
- +60.15%
Price change, excluding dividends.
Where the money is invested
Sectors
- Industrials22.9%
- Technology21.3%
- Financial Services20.8%
- Consumer Cyclical11.0%
- Communication Services9.8%
- Healthcare6.0%
Countries
- Japan100.5%
How to invest in EJAP 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 EJAP and buy
Find the fund by its ticker, EJAP, on XETRA, and place your order.
Why invest in EJAP from India
What EJAP holds
The investment objective of the sub-fund is to replicate the performance of the MSCI Japan Select Filtered Min TE (NTR)* index (Bloomberg: MXJPEFMT Index), including fluctuations, and to maintain the Tracking Error between the sub-fund and the index below 1%.
Outside US estate tax
EJAP is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from EJAP's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 EJAP's UCITS structure matters for Indian investors
EJAP 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 EJAP from India?
Yes. Indian residents can buy BNP Paribas Easy MSCI Japan Min TE UCITS ETF (EJAP) 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 is the expense ratio of EJAP?
BNP Paribas Easy MSCI Japan Min TE UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €3.0B.
Is EJAP a UCITS ETF, and why does that matter for Indian investors?
Yes. BNP Paribas Easy MSCI Japan Min TE 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.
Does EJAP pay dividends?
No. BNP Paribas Easy MSCI Japan Min TE UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell EJAP?
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.