XETRA · ETF
Invest in ELF1 ETF from India
Indian and foreign residents can buy Deka MDAX UCITS ETF (ELF1) units directly through Paasa.
By Paasa · Updated
ELF1 at a glance
- Price
- €288.00+€2.30 (0.81%)
- Expense ratio
- 0.3%
- Day range
- €287.20 – €289.60
- Assets
- €364.5M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2014
- Dividends
- —
- 1 month
- -5.82%
- 6 months
- +11.67%
- YTD
- +0.77%
- 1 year
- +2.84%
- 5 years
- -14.18%
Price change, excluding dividends.
Top 10 holdings
- 1DEUTSCHE LUFTHANSA-REGLHA.DE4.9%
- 2TALANX AGTLX.DE4.9%
- 3THYSSENKRUPP AGTKA.DE4.8%
- 4KNORR-BREMSE AGKBX.DE4.7%
- 5SARTORIUS AG-VORZUGSRT3.DE4.5%
- 6DR ING HC F PORSCHE AGP911.DE3.3%
- 7NORDEX SENDX1.DE3.2%
- 8EVONIK INDUSTRIES AGEVK.DE3.2%
- 9HENSOLDT AGHAG.DE3.1%
- 10AIXTRON SEALD.DE2.7%
These 10 are 39.1% of the fund.
Where the money is invested
Sectors
- Industrials32.6%
- Consumer Cyclical23.4%
- Technology12.0%
- Basic Materials9.2%
- Financial Services8.2%
- Communication Services6.0%
Countries
- Germany98.3%
- Luxembourg1.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| DEAMLSEInvesco MDAX UCITS ETF | 0.19% | 805.6M |
| MD4XXETRAAmundi MDAX UCITS ETF Dist | 0.2% | 167.9M |
Assets are shown in each fund's own reporting currency.
How to invest in ELF1 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 ELF1 and buy
Find the fund by its ticker, ELF1, on XETRA, and place your order.
Why invest in ELF1 from India
What ELF1 holds
The Deka MDAX UCITS ETF is a mutual investment fund, fully compliant with UCITS IV standards. Its objective is to closely track the performance of the MDAX Index, a benchmark index.
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 ELF1 from India?
Yes. Indian residents can buy Deka MDAX UCITS ETF (ELF1) 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 ELF1 invest in?
Its largest holdings are DEUTSCHE LUFTHANSA-REG (4.9%), TALANX AG (4.9%) and THYSSENKRUPP AG (4.8%). Industrials is its largest sector at 32.6%. The fund is domiciled in Germany.
What is the expense ratio of ELF1?
Deka MDAX 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 €364.5M.
What tax do I pay in India when I sell ELF1?
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.