London Stock Exchange ETF segment · UCITS ETF
Invest in EMXC ETF from India
Indian and foreign residents can buy Amundi MSCI Emerging Ex China UCITS ETF (EMXC) units directly through Paasa.
By Paasa · Updated
EMXC at a glance
- Price
- $47.80-$0.50 (1.04%)
- Expense ratio
- 0.15%
- Day range
- $47.60 – $47.95
- Assets
- $5.1B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- +0.70%
- 6 months
- +30.78%
- YTD
- +36.49%
- 1 year
- +51.60%
- 5 years
- +85.29%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORPNVDA8.8%
- 2AMAZON.COM INCAMZN7.6%
- 3META PLATFORMS INC-CLASS AMETA6.6%
- 4ALPHABET INC CL CGOOG5.4%
- 5APPLE INCAAPL4.4%
- 6UNITEDHEALTH GROUP INCUNH3.7%
- 7TEXAS INSTRUMENTS COM USD1TXN2.9%
- 8CROWDSTRIKE HOLDINGS INC - ACRWD2.9%
- 9MICRON TECHNOLOGY INCMU2.7%
- 10SHERWIN-WILLIAMS CO/THESHW2.7%
These 10 are 47.7% of the fund.
Where the money is invested
Sectors
- Technology42.3%
- Healthcare15.4%
- Consumer Cyclical12.5%
- Industrials7.3%
- Communication Services6.3%
- Financial Services6.0%
Countries
- United States99.8%
- Canada0.1%
- Bermuda0.0%
How to invest in EMXC 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 EMXC and buy
Find the fund by its ticker, EMXC, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMXC from India
What EMXC holds
This Amundi MSCI Emerging Ex China UCITS ETF Acc is a UCITS-compliant Exchange Traded Fund (ETF) designed to replicate the performance of the MSCI Emerging Markets ex China Net Return USD Index. This benchmark specifically targets emerging markets, incorporating 25 out of the 26 countries classified as such by MSCI, with the explicit exclusion of China.
Outside US estate tax
EMXC is domiciled in Luxembourg, 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 EMXC's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
EMXC 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 EMXC's UCITS structure matters for Indian investors
EMXC is domiciled in Luxembourg, 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 EMXC from India?
Yes. Indian residents can buy Amundi MSCI Emerging Ex China UCITS ETF (EMXC) 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 EMXC invest in?
Its largest holdings are NVIDIA CORP (8.8%), AMAZON.COM INC (7.6%) and META PLATFORMS INC-CLASS A (6.6%). Technology is its largest sector at 42.3%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of EMXC?
Amundi MSCI Emerging Ex China 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 $5.1B.
Is EMXC a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Emerging Ex China UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does EMXC pay dividends?
No. Amundi MSCI Emerging Ex China 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 EMXC?
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.