London Stock Exchange ETF segment · UCITS ETF
Invest in ESIC ETF from India
Indian and foreign residents can buy iShares MSCI Europe Consumer Discretionary Sector UCITS ETF (ESIC) units directly through Paasa.
By Paasa · Updated
ESIC at a glance
- Price
- £4.79-£0.01 (0.27%)
- Expense ratio
- 0.18%
- Day range
- £4.79 – £4.84
- Assets
- £80.5M
- Domicile
- Ireland
- Holdings
- 34
- Launched
- 2020
- Dividends
- —
- 1 month
- -8.00%
- 6 months
- +2.42%
- YTD
- -17.64%
- 1 year
- -13.64%
- 5 years
- -7.78%
Price change, excluding dividends.
Top 10 holdings
- 1LVMH13.5%
- 2COMPAGNIE FINANCIERE RICHEMONT SA13.4%
- 3INDUSTRIA DE DISENO TEXTIL SA7.9%
- 4HERMES INTERNATIONAL6.5%
- 5COMPASS GROUP PLC6.0%
- 6PROSUS NV CLASS N5.9%
- 7FERRARI5.8%
- 8MERCEDES-BENZ GROUP N AG3.8%
- 9ADIDAS N AG3.3%
- 10AMADEUS IT GROUP3.0%
ESIC holds 34 securities in total. These 10 are 69.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical95.3%
- Technology3.2%
- Communication Services0.8%
- Industrials0.6%
Countries
- France27.4%
- Germany15.5%
- Switzerland14.5%
- United Kingdom13.1%
- Spain11.0%
- Netherlands7.3%
How to invest in ESIC 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 ESIC and buy
Find the fund by its ticker, ESIC, on the London Stock Exchange ETF segment, and place your order.
Why invest in ESIC from India
What ESIC holds
The Fund seeks to track the performance of an index composed of European equities in the consumer discretionary sector.
Outside US estate tax
ESIC 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 ESIC's UCITS structure matters for Indian investors
ESIC 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 ESIC from India?
Yes. Indian residents can buy iShares MSCI Europe Consumer Discretionary Sector UCITS ETF (ESIC) 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 ESIC invest in?
iShares MSCI Europe Consumer Discretionary Sector UCITS ETF holds 34 securities. Its largest holdings are LVMH (13.5%), COMPAGNIE FINANCIERE RICHEMONT SA (13.4%) and INDUSTRIA DE DISENO TEXTIL SA (7.9%). Consumer Cyclical is its largest sector at 95.3%. The fund is domiciled in Ireland.
What is the expense ratio of ESIC?
iShares MSCI Europe Consumer Discretionary Sector UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £80.5M.
Is ESIC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe Consumer Discretionary Sector 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 ESIC?
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.