XETRA · ETF
Invest in EL49 ETF from India
Indian and foreign residents can buy Deka iBoxx Liquid Corporates Diversified UCITS ETF (EL49) units directly through Paasa.
By Paasa · Updated
EL49 at a glance
- Price
- €96.85+€0.02 (0.02%)
- Expense ratio
- 0.2%
- Day range
- €96.85 – €96.96
- Assets
- €327.0M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2010
- Dividends
- Distributing
- 1 month
- -1.19%
- 6 months
- -2.88%
- YTD
- -4.15%
- 1 year
- -5.02%
- 5 years
- -15.14%
Price change, excluding dividends.
Top 10 holdings
- 1BANCO SANTANDER 4.875% 23-18/10/20311.8%
- 2BANCO SANTANDER 24-02/04/2029 FRN1.7%
- 3HSBC HOLDINGS 23-23/05/2033 FRN1.5%
- 4BNP PARIBAS 25-15/01/2031 FRN1.5%
- 5INTESA SANPAOLO 5.125% 23-29/08/20311.3%
- 6BANQ FED CRD MUT 4.125% 23-13/03/20291.3%
- 7BAYER AG 4.625% 23-26/05/20331.3%
- 8BNP PARIBAS 4.095% 24-13/02/20341.3%
- 9UBS GROUP 26-13/02/2031 FRN1.3%
- 10CRED AGRICOLE SA 3.875% 23-20/04/20311.3%
These 10 are 14.4% of the fund.
Where the money is invested
Countries
- France26.2%
- Netherlands19.8%
- United Kingdom15.5%
- Germany10.1%
- Italy9.3%
- Spain8.9%
How to invest in EL49 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 EL49 and buy
Find the fund by its ticker, EL49, on XETRA, and place your order.
Why invest in EL49 from India
What EL49 holds
The fund's primary objective is to track the Markit iBoxx Liquid Corporates Diversified (Price Index). It achieves this by strategically investing in a diverse portfolio of assets, with a strong emphasis on maintaining sound risk diversification among its holdings.
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 EL49 from India?
Yes. Indian residents can buy Deka iBoxx Liquid Corporates Diversified UCITS ETF (EL49) 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 EL49 invest in?
Its largest holdings are BANCO SANTANDER 4.875% 23-18/10/2031 (1.8%), BANCO SANTANDER 24-02/04/2029 FRN (1.7%) and HSBC HOLDINGS 23-23/05/2033 FRN (1.5%). It is a distributing fund domiciled in Germany.
What is the expense ratio of EL49?
Deka iBoxx Liquid Corporates 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 €327.0M.
How are EL49 dividends taxed in India?
Deka iBoxx Liquid Corporates 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 EL49?
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.