London Stock Exchange ETF segment · UCITS ETF
Invest in EMCA ETF from India
Indian and foreign residents can buy iShares J.P. Morgan $ EM Corp Bond UCITS ETF (EMCA) units directly through Paasa.
By Paasa · Updated
EMCA at a glance
- Price
- $6.67+$0.01 (0.20%)
- Expense ratio
- 0.5%
- Day range
- $6.65 – $6.69
- Assets
- $1.9B
- Domicile
- Ireland
- Holdings
- 1,282
- Launched
- 2018
- Dividends
- —
- 1 month
- -2.16%
- 6 months
- +0.50%
- YTD
- -0.40%
- 1 year
- +0.80%
- 5 years
- +8.31%
Price change, excluding dividends.
Top 10 holdings
- 1USD CASH1.1%
- 2DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 08/01/2032 (DIGDIF)0.4%
- 3SANDS CHINA LTD 5.40% 08/08/2028 (SANLTD)0.3%
- 4YPF SA RegS 8.25% 01/17/2034 (YPFDAR)0.3%
- 5ECOPETROL SA 8.88% 01/13/2033 (ECOPET)0.3%
- 6ORLEN SA RegS 6.00% 01/30/2035 (PKNPW)0.3%
- 7FREEPORT INDONESIA PT RegS 5.32% 04/14/2032 (FRIDPT)0.3%
- 8FIRST QUANTUM MINERALS LTD RegS 6.38% 02/15/2036 (FMCN)0.3%
- 9SAMARCO MINERACAO SA RegS 9.00% 06/30/2031 (SAMMIN)0.3%
- 10ECOPETROL SA 6.88% 04/29/2030 (ECOPET)0.3%
EMCA holds 1,282 securities in total. These 10 are 3.8% of the fund.
Where the money is invested
Countries
- Cayman Islands12.1%
- United Kingdom8.1%
- Hong Kong6.4%
- Luxembourg4.5%
- United States4.3%
- Mexico4.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EMCRLSEiShares J.P. Morgan $ EM Corp Bond UCITS ETF | 0.5% | 1.0B |
Assets are shown in each fund's own reporting currency.
How to invest in EMCA 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.
Step 3
Search EMCA and buy
Find the fund by its ticker, EMCA, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMCA from India
What EMCA holds
This fund aims to replicate the performance of an index composed of corporate bonds, issued in US Dollars, by entities located in Emerging Market nations. A significant adjustment occurred on July 12, 2017, when its underlying benchmark transitioned from the Morningstar EM Corporate Bond Index to the J.P.
Outside US estate tax
EMCA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
EMCA is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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.
Why EMCA's UCITS structure matters for Indian investors
EMCA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy EMCA from India?
Yes. Indian residents can buy iShares J.P. Morgan $ EM Corp Bond UCITS ETF (EMCA) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 EMCA invest in?
iShares J.P. Morgan $ EM Corp Bond UCITS ETF holds 1,282 securities. Its largest holdings are USD CASH (1.1%), DIGICEL INTERNATIONAL FINANCE LTD RegS 8.63% 08/01/2032 (DIGDIF) (0.4%) and SANDS CHINA LTD 5.40% 08/08/2028 (SANLTD) (0.3%). The fund is domiciled in Ireland.
What is the expense ratio of EMCA?
iShares J.P. Morgan $ EM Corp Bond UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.9B.
Is EMCA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares J.P. Morgan $ EM Corp Bond UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell EMCA?
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 USD/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.