XETRA · UCITS ETF
Invest in ESIT ETF from India
Indian and foreign residents can buy iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT) units directly through Paasa.
By Paasa · Updated
ESIT at a glance
- Price
- €12.13+€0.34 (2.87%)
- Expense ratio
- 0.18%
- Day range
- €11.94 – €12.25
- Assets
- €271.3M
- Domicile
- Ireland
- Holdings
- 17
- Launched
- 2020
- Dividends
- —
- 1 month
- +2.76%
- 6 months
- +40.67%
- YTD
- +43.67%
- 1 year
- +51.95%
- 5 years
- +74.47%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDINGASML.AS31.3%
- 2SAPSAP.DE17.8%
- 3INFINEON TECHNOLOGIES AGIFX.DE10.3%
- 4BLK ICS EUR LIQ FUND AGEN ACC T07.5%
- 5NOKIANOKIA.HE6.4%
- 6NEBIUS NV CLASS ANBIS6.1%
- 7ASM INTERNATIONAL NVASM.AS5.5%
- 8STMICROELECTRONICSSTM.PA4.0%
- 9ERICSSON BERIC-B.ST3.1%
- 10HEXAGON CLASS BHEXA-B.ST2.5%
ESIT holds 17 securities in total. These 10 are 94.4% of the fund.
Where the money is invested
Sectors
- Technology92.7%
- Communication Services5.1%
- Industrials2.2%
Countries
- Netherlands39.7%
- Germany25.4%
- Ireland6.7%
- Finland5.7%
- Switzerland5.1%
- Sweden5.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ESITLSEiShares MSCI Europe Information Technology Sector UCITS ETF | 0.18% | 232.6M |
Assets are shown in each fund's own reporting currency.
How to invest in ESIT 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 EUR when you buy.
Step 3
Search ESIT and buy
Find the fund by its ticker, ESIT, on XETRA, and place your order.
Why invest in ESIT from India
What ESIT holds
This ETF aims to replicate the financial performance of a benchmark focused on European companies operating within the information technology industry.
Outside US estate tax
ESIT 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 ESIT's UCITS structure matters for Indian investors
ESIT 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 ESIT from India?
Yes. Indian residents can buy iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT) through Paasa. It is listed on XETRA and trades in EUR. 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 ESIT invest in?
iShares MSCI Europe Information Technology Sector UCITS ETF holds 17 securities. Its largest holdings are ASML HOLDING (31.3%), SAP (17.8%) and INFINEON TECHNOLOGIES AG (10.3%). Technology is its largest sector at 92.7%. The fund is domiciled in Ireland.
What is the expense ratio of ESIT?
iShares MSCI Europe Information Technology 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 €271.3M.
Is ESIT a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe Information Technology 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 ESIT?
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 EUR/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.