XETRA · ETF
Invest in EL4X ETF from India
Indian and foreign residents can buy Deka DAXplus Maximum Dividend UCITS ETF (EL4X) units directly through Paasa.
By Paasa · Updated
EL4X at a glance
- Price
- €54.48-€0.04 (0.07%)
- Expense ratio
- 0.3%
- Day range
- €54.48 – €55.02
- Assets
- €253.9M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -6.55%
- 6 months
- -2.89%
- YTD
- -2.35%
- 1 year
- +1.58%
- 5 years
- -16.63%
Price change, excluding dividends.
Top 10 holdings
- 1VOLKSWAGEN AG-PREF8.4%
- 2DEUTSCHE LUFTHANSA-REG7.9%
- 3DEUTSCHE BANK AG-REGISTERED7.5%
- 4EVONIK INDUSTRIES AG7.2%
- 5BAYERISCHE MOTOREN WERKE AG6.6%
- 6FRESENIUS MEDICAL CARE AG6.5%
- 7COMMERZBANK AG6.2%
- 8BRENNTAG SE4.9%
- 9LEG IMMOBILIEN SE4.8%
- 10FRESENIUS SE & CO KGAA4.5%
These 10 are 64.5% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical24.0%
- Industrials21.3%
- Financial Services18.0%
- Basic Materials13.9%
- Healthcare10.5%
- Real Estate8.9%
Countries
- Germany98.2%
- Luxembourg1.9%
How to invest in EL4X 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 EL4X and buy
Find the fund by its ticker, EL4X, on XETRA, and place your order.
Why invest in EL4X from India
What EL4X holds
The index's portfolio is composed of twenty entities: German publicly traded corporations and international businesses with their main operations based in Germany.
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 EL4X from India?
Yes. Indian residents can buy Deka DAXplus Maximum Dividend UCITS ETF (EL4X) 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 EL4X invest in?
Its largest holdings are VOLKSWAGEN AG-PREF (8.4%), DEUTSCHE LUFTHANSA-REG (7.9%) and DEUTSCHE BANK AG-REGISTERED (7.5%). Consumer Cyclical is its largest sector at 24.0%. It is a distributing fund domiciled in Germany.
What is the expense ratio of EL4X?
Deka DAXplus Maximum Dividend 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 €253.9M.
How are EL4X dividends taxed in India?
Deka DAXplus Maximum Dividend 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 EL4X?
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.