XETRA · ETF
Invest in ELFW ETF from India
Indian and foreign residents can buy Deka MSCI World UCITS ETF (ELFW) units directly through Paasa.
By Paasa · Updated
ELFW at a glance
- Price
- €44.21+€0.04 (0.09%)
- Expense ratio
- 0.3%
- Day range
- €44.17 – €44.36
- Assets
- €5.7B
- Domicile
- Germany
- Holdings
- —
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- +0.19%
- 6 months
- +19.03%
- YTD
- +14.08%
- 1 year
- +18.45%
- 5 years
- +65.32%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP5.5%
- 2APPLE INC5.1%
- 3MICROSOFT CORP3.9%
- 4AMAZON.COM INC2.7%
- 5ALPHABET INC-CL A2.1%
- 6BROADCOM INC1.8%
- 7ALPHABET INC-CL C1.7%
- 8META PLATFORMS INC-CLASS A1.4%
- 9MICRON TECHNOLOGY INC1.2%
- 10TESLA INC1.1%
These 10 are 26.6% of the fund.
Where the money is invested
Sectors
- Technology30.6%
- Financial Services16.3%
- Industrials10.7%
- Healthcare9.3%
- Consumer Cyclical8.7%
- Communication Services8.0%
Countries
- United States71.4%
- Japan5.7%
- United Kingdom3.6%
- Canada3.3%
- Switzerland2.5%
- Germany2.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| URTHAMEXiShares MSCI World ETF | 0.24% | 8.2B |
| IWDALSEiShares Core MSCI World UCITS ETF | 0.2% | 147.7B |
| MXWOLSEInvesco MSCI World UCITS ETF | 0.05% | 10.4B |
| WRDBLSEUBS Core MSCI World UCITS ETF USD acc | 0.06% | 17.9B |
| IWDELSEiShares MSCI World EUR Hedged UCITS ETF (Acc) | 0.55% | 5.4B |
Assets are shown in each fund's own reporting currency.
How to invest in ELFW 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 ELFW and buy
Find the fund by its ticker, ELFW, on XETRA, and place your order.
Why invest in ELFW from India
What ELFW holds
As a mutual fund compliant with UCITS IV regulations, the Deka MSCI World UCITS ETF aims to emulate the performance of the MSCI World Index, a price-based benchmark. This index, in turn, reflects the market-capitalization-weighted returns of the largest publicly listed corporations found in industrialized nations across the globe.
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 ELFW from India?
Yes. Indian residents can buy Deka MSCI World UCITS ETF (ELFW) 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 ELFW invest in?
Its largest holdings are NVIDIA CORP (5.5%), APPLE INC (5.1%) and MICROSOFT CORP (3.9%). Technology is its largest sector at 30.6%. It is a distributing fund domiciled in Germany.
What is the expense ratio of ELFW?
Deka MSCI World 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 €5.7B.
How are ELFW dividends taxed in India?
Deka MSCI World 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 ELFW?
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.