XETRA · ETF
Invest in EL46 ETF from India
Indian and foreign residents can buy Deka MSCI China ex A Shares UCITS ETF (EL46) units directly through Paasa.
By Paasa · Updated
EL46 at a glance
- Price
- €7.81+€0.05 (0.61%)
- Expense ratio
- 0.65%
- Day range
- €7.78 – €7.81
- Assets
- €73.3M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2010
- Dividends
- Distributing
- 1 month
- -3.82%
- 6 months
- -4.17%
- YTD
- -13.13%
- 1 year
- -18.48%
- 5 years
- -17.18%
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS LTD0700.HK16.9%
- 2ALIBABA GROUP HOLDING LTD9988.HK11.6%
- 3CHINA CONSTRUCTION BANK-H0939.HK4.9%
- 4IND & COMM BK OF CHINA-H1398.HK3.0%
- 5XIAOMI CORP-CLASS B1810.HK2.9%
- 6MEITUAN-CLASS B3690.HK2.4%
- 7BANK OF CHINA LTD-H3988.HK2.4%
- 8PDD HOLDINGS INCPDD2.3%
- 9PING AN INSURANCE GROUP CO-H2318.HK2.2%
- 10NETEASE INC9999.HK2.0%
These 10 are 50.6% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical27.7%
- Communication Services22.0%
- Financial Services20.4%
- Technology7.2%
- Healthcare6.3%
- Basic Materials4.4%
Countries
- China72.5%
- Other15.1%
- Hong Kong7.4%
- Ireland2.0%
- Singapore1.3%
- Switzerland1.1%
How to invest in EL46 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 EL46 and buy
Find the fund by its ticker, EL46, on XETRA, and place your order.
Why invest in EL46 from India
What EL46 holds
This Deka MSCI China ex A Shares UCITS ETF functions as an exchange-traded fund. Its primary goal is to precisely mirror the returns of its benchmark, the MSCI China ex A Shares (Price Index), which it diligently follows.
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 EL46 from India?
Yes. Indian residents can buy Deka MSCI China ex A Shares UCITS ETF (EL46) 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 EL46 invest in?
Its largest holdings are TENCENT HOLDINGS LTD (16.9%), ALIBABA GROUP HOLDING LTD (11.6%) and CHINA CONSTRUCTION BANK-H (4.9%). Consumer Cyclical is its largest sector at 27.7%. It is a distributing fund domiciled in Germany.
What is the expense ratio of EL46?
Deka MSCI China ex A Shares UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about €73.3M.
How are EL46 dividends taxed in India?
Deka MSCI China ex A Shares 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 EL46?
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.