London Stock Exchange ETF segment · UCITS ETF
Invest in EMMV ETF from India
Indian and foreign residents can buy iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMMV) units directly through Paasa.
By Paasa · Updated
EMMV at a glance
- Price
- $43.32-$0.35 (0.80%)
- Expense ratio
- 0.4%
- Day range
- $43.32 – $43.65
- Assets
- $479.2M
- Domicile
- Ireland
- Holdings
- 297
- Launched
- 2012
- Dividends
- —
- 1 month
- -3.65%
- 6 months
- -2.46%
- YTD
- +11.90%
- 1 year
- +11.64%
- 5 years
- +24.91%
Price change, excluding dividends.
Top 10 holdings
- 1BANK OF CHINA LTD H1.7%
- 2TATA CONSULTANCY SERVICES LTD1.7%
- 3SAMSUNG ELECTRONICS NON VOTING PRE1.6%
- 4SAUDI ARABIAN OIL1.5%
- 5TAIWAN SEMICONDUCTOR MANUFACTURING1.5%
- 6INDUSTRIAL AND COMMERCIAL BANK OF1.5%
- 7CHUNGHWA TELECOM LTD1.5%
- 8SAMSUNG SDI LTD1.4%
- 9BHARTI AIRTEL LTD1.3%
- 10SAMSUNG ELECTRONICS LTD1.3%
EMMV holds 297 securities in total. These 10 are 14.9% of the fund.
Where the money is invested
Sectors
- Information Technology32.5%
- Financials22.1%
- Communication11.8%
- Health Care6.2%
- Consumer Staples6.2%
- Consumer Discretionary4.7%
Countries
- Taiwan20.9%
- China20.3%
- India18.6%
- South Korea13.4%
- Malaysia2.5%
- Brazil1.8%
How to invest in EMMV 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 EMMV and buy
Find the fund by its ticker, EMMV, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMMV from India
What EMMV holds
The objective of this fund is to track an index featuring a curated selection of companies from emerging market nations. These companies are chosen for their characteristic of collectively displaying lower price volatility when benchmarked against the broader emerging equity universe.
Outside US estate tax
EMMV 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
EMMV 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 EMMV's UCITS structure matters for Indian investors
EMMV 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 EMMV from India?
Yes. Indian residents can buy iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMMV) 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 EMMV invest in?
iShares Edge MSCI EM Minimum Volatility UCITS ETF holds 297 securities. Its largest holdings are BANK OF CHINA LTD H (1.7%), TATA CONSULTANCY SERVICES LTD (1.7%) and SAMSUNG ELECTRONICS NON VOTING PRE (1.6%). Information Technology is its largest sector at 32.5%. The fund is domiciled in Ireland.
What is the expense ratio of EMMV?
iShares Edge MSCI EM Minimum Volatility UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $479.2M.
Is EMMV a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge MSCI EM Minimum Volatility 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.
What tax do I pay in India when I sell EMMV?
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 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.