XETRA · ETF
Invest in EXV2 ETF from India
Indian and foreign residents can buy iShares STOXX Europe 600 Telecommunications UCITS ETF DE (EXV2) units directly through Paasa.
By Paasa · Updated
EXV2 at a glance
- Price
- €26.70+€0.27 (1.00%)
- Expense ratio
- 0.46%
- Day range
- €26.31 – €26.72
- Assets
- €255.2M
- Domicile
- Germany
- Holdings
- 20
- Launched
- 2001
- Dividends
- Distributing
- 1 month
- +2.50%
- 6 months
- -10.16%
- YTD
- +8.27%
- 1 year
- +11.02%
- 5 years
- +27.14%
Price change, excluding dividends.
Top 10 holdings
- 1DEUTSCHE TELEKOM N AG25.9%
- 2NOKIA10.9%
- 3VODAFONE GROUP PLC9.3%
- 4ORANGE SA9.0%
- 5ERICSSON B7.7%
- 6SWISSCOM AG5.8%
- 7KONINKLIJKE KPN NV4.9%
- 8BT GROUP PLC4.7%
- 9TELEFONICA SA3.9%
- 10CELLNEX TELECOM3.7%
EXV2 holds 20 securities in total. These 10 are 85.6% of the fund.
Where the money is invested
Sectors
- Telecommunication79.6%
- Technology19.0%
- Financial Services1.1%
Countries
- Germany26.8%
- United Kingdom16.1%
- Sweden13.1%
- Finland12.7%
- France8.8%
- Spain7.5%
How to invest in EXV2 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 EXV2 and buy
Find the fund by its ticker, EXV2, on XETRA, and place your order.
Why invest in EXV2 from India
What EXV2 holds
This investment vehicle aims to replicate the financial performance of a benchmark, which is made up of corporations active in the European telecommunications field.
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.
Frequently asked questions
Can I buy EXV2 from India?
Yes. Indian residents can buy iShares STOXX Europe 600 Telecommunications UCITS ETF DE (EXV2) 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 EXV2 invest in?
iShares STOXX Europe 600 Telecommunications UCITS ETF DE holds 20 securities. Its largest holdings are DEUTSCHE TELEKOM N AG (25.9%), NOKIA (10.9%) and VODAFONE GROUP PLC (9.3%). Telecommunication is its largest sector at 79.6%. It is a distributing fund domiciled in Germany.
What is the expense ratio of EXV2?
iShares STOXX Europe 600 Telecommunications UCITS ETF DE has an expense ratio of 0.46% a year, taken from the fund's assets rather than billed to you. The fund manages about €255.2M.
How are EXV2 dividends taxed in India?
iShares STOXX Europe 600 Telecommunications UCITS ETF DE is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell EXV2?
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.