XETRA · UCITS ETF
Invest in EMNU ETF from India
Indian and foreign residents can buy iShares MSCI Europe CTB Enhanced ESG UCITS ETF (EMNU) units directly through Paasa.
By Paasa · Updated
EMNU at a glance
- Price
- €8.08-€0.10 (1.17%)
- Expense ratio
- 0.12%
- Day range
- €8.06 – €8.14
- Assets
- €5.0B
- Domicile
- Ireland
- Holdings
- 371
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -2.80%
- 6 months
- +5.03%
- YTD
- +6.42%
- 1 year
- +11.41%
- 5 years
- +31.76%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING5.2%
- 2HSBC HOLDINGS PLC2.9%
- 3NOVARTIS AG2.5%
- 4ROCHE PS PAR AG2.4%
- 5SCHNEIDER ELECTRIC2.0%
- 6ABB LTD1.9%
- 7ASTRAZENECA PLC1.7%
- 8SAP1.7%
- 9TOTALENERGIES1.7%
- 10ALLIANZ1.7%
EMNU holds 371 securities in total. These 10 are 23.7% of the fund.
Where the money is invested
Sectors
- Financial Services26.2%
- Industrials18.1%
- Healthcare12.8%
- Technology9.2%
- Consumer Defensive8.0%
- Consumer Cyclical6.0%
Countries
- United Kingdom20.7%
- Switzerland14.7%
- France14.4%
- Germany12.7%
- Netherlands9.1%
- Spain5.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EDM6XETRAiShares MSCI Europe CTB Enhanced ESG UCITS ETF | 0.12% | 2.3B |
| EEUDLSEiShares MSCI Europe CTB Enhanced ESG UCITS ETF | 0.12% | 4.3B |
Assets are shown in each fund's own reporting currency.
How to invest in EMNU 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 EMNU and buy
Find the fund by its ticker, EMNU, on XETRA, and place your order.
Why invest in EMNU from India
What EMNU holds
This fund's core objective is to deliver investment returns, comprising both an increase in capital value and generated income, by closely tracking the performance of its designated benchmark, the MSCI Europe ESG Enhanced Focus CTB Index.
Outside US estate tax
EMNU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 EMNU's UCITS structure matters for Indian investors
EMNU 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 EMNU from India?
Yes. Indian residents can buy iShares MSCI Europe CTB Enhanced ESG UCITS ETF (EMNU) 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 EMNU invest in?
iShares MSCI Europe CTB Enhanced ESG UCITS ETF holds 371 securities. Its largest holdings are ASML HOLDING (5.2%), HSBC HOLDINGS PLC (2.9%) and NOVARTIS AG (2.5%). Financial Services is its largest sector at 26.2%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of EMNU?
iShares MSCI Europe CTB Enhanced ESG UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about €5.0B.
Is EMNU a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe CTB Enhanced ESG 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.
How are EMNU dividends taxed in India?
iShares MSCI Europe CTB Enhanced ESG 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 EMNU?
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.