XETRA · ETF
Invest in EL4I ETF from India
Indian and foreign residents can buy Deka MSCI USA LC UCITS ETF (EL4I) units directly through Paasa.
By Paasa · Updated
EL4I at a glance
- Price
- €479.05+€0.85 (0.18%)
- Expense ratio
- 0.3%
- Day range
- €478.80 – €479.30
- Assets
- €130.4M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2008
- Dividends
- Distributing
- 1 month
- +6.09%
- 6 months
- +21.36%
- YTD
- +19.69%
- 1 year
- +22.71%
- 5 years
- +89.72%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP9.0%
- 2APPLE INC8.4%
- 3MICROSOFT CORP6.2%
- 4AMAZON.COM INC4.1%
- 5ALPHABET INC-CL A3.5%
- 6ALPHABET INC-CL C2.7%
- 7META PLATFORMS INC-CLASS A2.7%
- 8BROADCOM INC2.7%
- 9MICRON TECHNOLOGY INC2.1%
- 10TESLA INC1.7%
These 10 are 43.2% of the fund.
Where the money is invested
Sectors
- Technology42.8%
- Financial Services10.8%
- Communication Services10.8%
- Healthcare8.9%
- Consumer Cyclical8.8%
- Industrials6.7%
Countries
- United States97.8%
- Ireland1.2%
- United Kingdom0.4%
- Switzerland0.2%
- Uruguay0.1%
- Netherlands0.1%
How to invest in EL4I 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 EL4I and buy
Find the fund by its ticker, EL4I, on XETRA, and place your order.
Why invest in EL4I from India
What EL4I holds
This fund aims to precisely replicate the performance of its reference index, the MSCI USA Large Cap Index. It achieves this by investing in the leading publicly traded American companies, identified by their market capitalization.
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 EL4I from India?
Yes. Indian residents can buy Deka MSCI USA LC UCITS ETF (EL4I) 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 EL4I invest in?
Its largest holdings are NVIDIA CORP (9.0%), APPLE INC (8.4%) and MICROSOFT CORP (6.2%). Technology is its largest sector at 42.8%. It is a distributing fund domiciled in Germany.
What is the expense ratio of EL4I?
Deka MSCI USA LC 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 €130.4M.
How are EL4I dividends taxed in India?
Deka MSCI USA LC 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 EL4I?
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.