SIX Swiss Exchange · UCITS ETF
Invest in EMUC ETF from India
Indian and foreign residents can buy iShares MSCI EMU UCITS ETF (EMUC) units directly through Paasa.
By Paasa · Updated
EMUC at a glance
- Price
- CHF 10.21+CHF 0.04 (0.37%)
- Expense ratio
- 0.38%
- Day range
- CHF 10.21 – CHF 10.24
- Assets
- CHF 182.6M
- Domicile
- Ireland
- Holdings
- 215
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -2.67%
- 6 months
- +14.98%
- YTD
- +9.20%
- 1 year
- +15.11%
- 5 years
- +52.96%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING9.0%
- 2SIEMENS N AG3.1%
- 3SAP2.8%
- 4BANCO SANTANDER2.7%
- 5ALLIANZ2.5%
- 6SCHNEIDER ELECTRIC2.4%
- 7TOTALENERGIES2.4%
- 8BANCO BILBAO VIZCAYA ARGENTARIA SA2.1%
- 9IBERDROLA1.9%
- 10SAFRAN SA1.7%
EMUC holds 215 securities in total. These 10 are 30.6% of the fund.
Where the money is invested
Sectors
- Financial Services26.3%
- Industrials20.5%
- Technology15.9%
- Consumer Cyclical7.8%
- Utilities6.1%
- Healthcare5.9%
Countries
- Germany24.9%
- France24.5%
- Netherlands19.4%
- Spain11.2%
- Italy9.2%
- Finland3.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEMULSEiShares Core MSCI EMU UCITS ETF | 0.12% | 7.0B |
| CEUUAMSiShares Core MSCI EMU UCITS ETF | 0.15% | 977.3M |
| XD5ELSEXtrackers MSCI EMU UCITS ETF 1D | 0.09% | 2.1B |
| EMUULSEiShares MSCI EMU USD Hedged UCITS ETF (Acc) | 0.38% | 319.6M |
| CEUGLSEiShares Core MSCI EMU UCITS ETF | 0.12% | 226.4M |
Assets are shown in each fund's own reporting currency.
How to invest in EMUC 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 CHF when you buy.
Step 3
Search EMUC and buy
Find the fund by its ticker, EMUC, on the SIX Swiss Exchange, and place your order.
Why invest in EMUC from India
What EMUC holds
This iShares Exchange Traded Fund (ETF), managed by BlackRock, is designed to mirror as closely as possible the investment results of the MSCI EMU 100% hedged to CHF Index. The fund achieves this by directly holding the underlying securities that comprise the index.
Outside US estate tax
EMUC 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 EMUC'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 EMUC's UCITS structure matters for Indian investors
EMUC 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 EMUC from India?
Yes. Indian residents can buy iShares MSCI EMU UCITS ETF (EMUC) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. 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 EMUC invest in?
iShares MSCI EMU UCITS ETF holds 215 securities. Its largest holdings are ASML HOLDING (9.0%), SIEMENS N AG (3.1%) and SAP (2.8%). Financial Services is its largest sector at 26.3%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of EMUC?
iShares MSCI EMU UCITS ETF has an expense ratio of 0.38% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 182.6M.
Is EMUC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EMU 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 EMUC pay dividends?
No. iShares MSCI EMU 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 EMUC?
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 CHF/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.