London Stock Exchange ETF segment · UCITS ETF
Invest in EMID ETF from India
Indian and foreign residents can buy iShares MSCI Europe Mid UCITS ETF (EMID) units directly through Paasa.
By Paasa · Updated
EMID at a glance
- Price
- €8.30-€0.01 (0.16%)
- Expense ratio
- 0.15%
- Day range
- €8.30 – €8.39
- Assets
- €26.6M
- Domicile
- Ireland
- Holdings
- 212
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -2.51%
- 6 months
- +10.32%
- YTD
- +10.91%
- 1 year
- +14.74%
- 5 years
- +30.65%
Price change, excluding dividends.
Top 10 holdings
- 1REPSOL1.7%
- 2PRYSMIAN1.6%
- 3SANDOZ GROUP AG1.5%
- 4ABN AMRO BANK NV1.3%
- 5SWISS LIFE HOLDING AG1.3%
- 6VESTAS WIND SYSTEMS1.2%
- 7AVIVA PLC1.2%
- 8AIB GROUP PLC1.2%
- 9PUBLICIS GROUPE1.1%
- 10NN GROUP1.0%
EMID holds 212 securities in total. These 10 are 13.0% of the fund.
Where the money is invested
Sectors
- Industrials25.2%
- Financial Services22.0%
- Healthcare8.9%
- Consumer Cyclical7.1%
- Basic Materials6.9%
- Consumer Defensive6.6%
Countries
- United Kingdom17.0%
- Switzerland12.2%
- Italy9.2%
- France8.7%
- Sweden8.4%
- Netherlands8.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EUMDLSEiShares MSCI Europe Mid Cap UCITS ETF | 0.15% | 580.0M |
Assets are shown in each fund's own reporting currency.
How to invest in EMID 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 EMID and buy
Find the fund by its ticker, EMID, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMID from India
What EMID holds
This investment product endeavors to replicate the financial performance of a benchmark index, which consists of medium-sized companies based in Europe.
Outside US estate tax
EMID is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from EMID's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 EMID's UCITS structure matters for Indian investors
EMID is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy EMID from India?
Yes. Indian residents can buy iShares MSCI Europe Mid UCITS ETF (EMID) through Paasa. It is listed on the London Stock Exchange ETF segment 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 EMID invest in?
iShares MSCI Europe Mid UCITS ETF holds 212 securities. Its largest holdings are REPSOL (1.7%), PRYSMIAN (1.6%) and SANDOZ GROUP AG (1.5%). Industrials is its largest sector at 25.2%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of EMID?
iShares MSCI Europe Mid UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €26.6M.
Is EMID a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe Mid 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Does EMID pay dividends?
No. iShares MSCI Europe Mid UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell EMID?
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.