XETRA · ETF
Invest in EL42 ETF from India
Indian and foreign residents can buy Deka MSCI Europe UCITS ETF (EL42) units directly through Paasa.
By Paasa · Updated
EL42 at a glance
- Price
- €21.65+€0.14 (0.65%)
- Expense ratio
- 0.3%
- Day range
- €21.62 – €21.67
- Assets
- €1.0B
- Domicile
- Germany
- Holdings
- —
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -2.46%
- 6 months
- +11.46%
- YTD
- +8.55%
- 1 year
- +15.63%
- 5 years
- +42.68%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV4.5%
- 2HSBC HOLDINGS PLC2.5%
- 3ROCHE HOLDING AG2.1%
- 4NOVARTIS AG-REG1.9%
- 5SHELL PLC1.8%
- 6NESTLE SA-REG1.7%
- 7SIEMENS AG-REG1.7%
- 8ASTRAZENECA PLC1.7%
- 9SAP SE1.6%
- 10BANCO SANTANDER SA1.5%
These 10 are 21.0% of the fund.
Where the money is invested
Sectors
- Financial Services25.0%
- Industrials19.0%
- Healthcare12.8%
- Technology9.4%
- Consumer Defensive8.3%
- Consumer Cyclical5.9%
Countries
- United Kingdom21.5%
- Switzerland15.2%
- Germany13.5%
- France13.3%
- Netherlands10.4%
- Spain6.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEURAMEXiShares Core MSCI Europe ETF | 0.1% | 9.4B |
| SMEALSEiShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | 13.6B |
| ISEULSEiShares Core MSCI Europe UCITS ETF | 0.12% | 12.0B |
| XMEDLSEXtrackers MSCI Europe UCITS ETF 1C | 0.12% | 9.6B |
| DBEUAMEXXtrackers MSCI Europe Hedged Equity ETF | 0.45% | 774.5M |
Assets are shown in each fund's own reporting currency.
How to invest in EL42 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 EL42 and buy
Find the fund by its ticker, EL42, on XETRA, and place your order.
Why invest in EL42 from India
What EL42 holds
The Deka MSCI Europe UCITS ETF is an exchange-traded fund (ETF) designed to track a specific market index. Its main goal is for the fund's performance to mirror as closely as possible the returns generated by its underlying benchmark.
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 EL42 from India?
Yes. Indian residents can buy Deka MSCI Europe UCITS ETF (EL42) 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 EL42 invest in?
Its largest holdings are ASML HOLDING NV (4.5%), HSBC HOLDINGS PLC (2.5%) and ROCHE HOLDING AG (2.1%). Financial Services is its largest sector at 25.0%. It is a distributing fund domiciled in Germany.
What is the expense ratio of EL42?
Deka MSCI Europe UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.0B.
How are EL42 dividends taxed in India?
Deka MSCI Europe 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 EL42?
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.