London Stock Exchange ETF segment · UCITS ETF
Invest in ESEM ETF from India
Indian and foreign residents can buy Invesco MSCI Emerging Markets Universal Screened UCITS ETF (ESEM) units directly through Paasa.
By Paasa · Updated
ESEM at a glance
- Price
- $59.35+$0.09 (0.15%)
- Expense ratio
- 0.19%
- Day range
- $59.35 – $59.35
- Assets
- $177.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -0.90%
- 6 months
- +27.28%
- YTD
- +27.88%
- 1 year
- +35.13%
- 5 years
- +54.92%
Price change, excluding dividends.
Top 10 holdings
- 1SK HYNIX INC KRW50005.3%
- 2TAIWAN SEMICONDUCTOR MANUFAC TWD105.3%
- 3SAMSUNG ELECTRONICS CO LTD KRW1004.6%
- 4TENCENT HOLDINGS LTD HKD0.000022.6%
- 5MEDIATEK INC TWD101.8%
- 6DELTA ELECTRONICS INC TWD101.8%
- 7ALIBABA GROUP HOLDING LTD HKD 0.00001.8%
- 8CHINA CONSTRUCTION BANK-H CNY11.6%
- 9HDFC BANK LIMITED INR11.3%
- 10ICICI BANK LTD INR21.1%
These 10 are 27.2% of the fund.
Where the money is invested
Sectors
- Financial Services32.0%
- Technology29.4%
- Consumer Cyclical9.4%
- Communication Services7.5%
- Basic Materials5.8%
- Industrials5.0%
Countries
- Taiwan (Province of China)22.0%
- China21.9%
- Korea (the Republic of)18.4%
- India11.3%
- South Africa4.2%
- Brazil3.9%
How to invest in ESEM 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 ESEM and buy
Find the fund by its ticker, ESEM, on the London Stock Exchange ETF segment, and place your order.
Why invest in ESEM from India
What ESEM holds
The Invesco MSCI Emerging Markets Universal Screened UCITS ETF seeks to deliver the net total return performance of the MSCI EM Universal Select Business Screens Index, after accounting for management fees. This benchmark index targets large and mid-capitalisation companies across global emerging markets.
Outside US estate tax
ESEM 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
ESEM 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 ESEM's UCITS structure matters for Indian investors
ESEM 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 ESEM from India?
Yes. Indian residents can buy Invesco MSCI Emerging Markets Universal Screened UCITS ETF (ESEM) 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 ESEM invest in?
Its largest holdings are SK HYNIX INC KRW5000 (5.3%), TAIWAN SEMICONDUCTOR MANUFAC TWD10 (5.3%) and SAMSUNG ELECTRONICS CO LTD KRW100 (4.6%). Financial Services is its largest sector at 32.0%. The fund is domiciled in Ireland.
What is the expense ratio of ESEM?
Invesco MSCI Emerging Markets Universal Screened UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about $177.2M.
Is ESEM a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI Emerging Markets Universal Screened 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 ESEM?
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.