London Stock Exchange ETF segment · UCITS ETF
Invest in ESEU ETF from India
Indian and foreign residents can buy Invesco MSCI Europe Ex UK Universal Screened UCITS ETF (ESEU) units directly through Paasa.
By Paasa · Updated
ESEU at a glance
- Price
- £62.59-£0.96 (1.51%)
- Expense ratio
- 0.16%
- Day range
- £62.59 – £63.13
- Assets
- £9.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -3.26%
- 6 months
- +6.98%
- YTD
- +6.86%
- 1 year
- +12.30%
- 5 years
- +55.42%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV EUR0.096.1%
- 2ROCHE HOLDINGS AG CHF NPV3.4%
- 3NOVARTIS AG-REG CHF0.53.1%
- 4NESTLE SA-REG CHF0.12.7%
- 5SIEMENS AG-REG NPV2.7%
- 6SAP SE NPV2.6%
- 7BANCO SANTANDER SA EUR0.52.3%
- 8ALLIANZ SE-REG NPV2.1%
- 9TOTAL ENERGIES SE EUR2.52.0%
- 10BANCO BILBAO VIZCAYA ARGENTA EUR0.491.9%
These 10 are 29.0% of the fund.
Where the money is invested
Sectors
- Financial Services28.3%
- Industrials16.7%
- Healthcare13.4%
- Technology12.3%
- Consumer Defensive7.5%
- Utilities5.0%
Countries
- Switzerland21.2%
- Germany16.3%
- France15.8%
- Netherlands12.2%
- Spain9.5%
- Italy7.1%
How to invest in ESEU 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 GBP when you buy.
Step 3
Search ESEU and buy
Find the fund by its ticker, ESEU, on the London Stock Exchange ETF segment, and place your order.
Why invest in ESEU from India
What ESEU holds
This Invesco UCITS ETF is designed to mirror the net-of-fees performance of its benchmark, the MSCI Europe ex UK Universal Select Business Screens Index. This underlying index focuses on large and mid-sized companies located in developed European economies, excluding the United Kingdom.
Outside US estate tax
ESEU 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 ESEU's UCITS structure matters for Indian investors
ESEU 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 ESEU from India?
Yes. Indian residents can buy Invesco MSCI Europe Ex UK Universal Screened UCITS ETF (ESEU) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 ESEU invest in?
Its largest holdings are ASML HOLDING NV EUR0.09 (6.1%), ROCHE HOLDINGS AG CHF NPV (3.4%) and NOVARTIS AG-REG CHF0.5 (3.1%). Financial Services is its largest sector at 28.3%. The fund is domiciled in Ireland.
What is the expense ratio of ESEU?
Invesco MSCI Europe Ex UK Universal Screened UCITS ETF has an expense ratio of 0.16% a year, taken from the fund's assets rather than billed to you. The fund manages about £9.5M.
Is ESEU a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI Europe Ex UK 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 ESEU?
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 GBP/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.