London Stock Exchange ETF segment · UCITS ETF
Invest in EMLI ETF from India
Indian and foreign residents can buy PIMCO Advantage Emerging Markets Local Bond UCITS ETF (EMLI) units directly through Paasa.
By Paasa · Updated
EMLI at a glance
- Price
- $64.81-$0.08 (0.12%)
- Expense ratio
- 0.39%
- Day range
- $64.81 – $64.95
- Assets
- $308.4M
- Domicile
- Ireland
- Holdings
- 266
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- -2.34%
- 6 months
- +0.19%
- YTD
- -3.13%
- 1 year
- -2.58%
- 5 years
- -9.06%
Price change, excluding dividends.
Top 10 holdings
- 1ZCS BRL 13.9255 05/08/25-01/04/27 CME 13.93% 01/04/20276.9%
- 2MEX BONOS DESARR FIX RT 8.50% 02/28/20304.6%
- 3TURKIYE GOVERNMENT BOND 30.00% 09/12/20294.2%
- 4U S TREASURY BILLS 01/05/20273.8%
- 5MEX BONOS DESARR FIX RT 7.75% 11/13/20423.7%
- 6TITULOS DE TESORERIA 11.00% 08/22/20293.3%
- 7CHINA GOVERNMENT BOND 1.44% 09/15/20273.1%
- 8POLAND GOVERNMENT BOND 01/25/20292.9%
- 9REPUBLIC OF SOUTH AFRICA 10.13% 03/31/20422.5%
- 10BONOS TESORERIA PESOS 6.00% 04/01/20332.5%
EMLI holds 266 securities in total. These 10 are 37.6% of the fund.
Where the money is invested
Countries
- China17.0%
- Mexico13.7%
- India11.6%
- Turkey7.8%
- Indonesia7.4%
- United States7.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EMLBLSEPIMCO Advantage Emerging Markets Local Bond UCITS ETF | 0.39% | 308.4M |
Assets are shown in each fund's own reporting currency.
How to invest in EMLI 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 EMLI and buy
Find the fund by its ticker, EMLI, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMLI from India
What EMLI holds
The fund aims to provide the performance of the PIMCO Emerging Markets Advantage Local Currency Bond Index (the Referece Index).
Outside US estate tax
EMLI 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
EMLI 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 EMLI's UCITS structure matters for Indian investors
EMLI 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 EMLI from India?
Yes. Indian residents can buy PIMCO Advantage Emerging Markets Local Bond UCITS ETF (EMLI) 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 EMLI invest in?
PIMCO Advantage Emerging Markets Local Bond UCITS ETF holds 266 securities. Its largest holdings are ZCS BRL 13.9255 05/08/25-01/04/27 CME 13.93% 01/04/2027 (6.9%), MEX BONOS DESARR FIX RT 8.50% 02/28/2030 (4.6%) and TURKIYE GOVERNMENT BOND 30.00% 09/12/2029 (4.2%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of EMLI?
PIMCO Advantage Emerging Markets Local Bond UCITS ETF has an expense ratio of 0.39% a year, taken from the fund's assets rather than billed to you. The fund manages about $308.4M.
Is EMLI a UCITS ETF, and why does that matter for Indian investors?
Yes. PIMCO Advantage Emerging Markets Local 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.
How are EMLI dividends taxed in India?
PIMCO Advantage Emerging Markets Local Bond 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 EMLI?
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.