London Stock Exchange ETF segment · UCITS ETF
Invest in HMCX ETF from India
Indian and foreign residents can buy HSBC FTSE 250 UCITS ETF (HMCX) units directly through Paasa.
By Paasa · Updated
HMCX at a glance
- Price
- £23.07-£0.08 (0.36%)
- Expense ratio
- 0.09%
- Day range
- £23.03 – £23.23
- Assets
- £60.9M
- Domicile
- Ireland
- Holdings
- 251
- Launched
- 2010
- Dividends
- Distributing
- 1 month
- +1.24%
- 6 months
- +8.10%
- YTD
- +9.86%
- 1 year
- +13.98%
- 5 years
- +3.59%
Price change, excluding dividends.
Top 10 holdings
- 1Capital Cash Ctrl37.2%
- 2Rightmove PLC1.3%
- 3Persimmon PLC1.3%
- 4Rotork PLC1.3%
- 5RS Group PLC1.2%
- 6Mondi PLC1.1%
- 7Man Group PLC1.1%
- 8Gbp Capital Cash1.0%
- 9JPMorgan Global Growth & Income Ord1.0%
- 10Berkeley Group Holdings (The) PLC1.0%
HMCX holds 251 securities in total. These 10 are 47.7% of the fund.
Where the money is invested
Sectors
- Industrials19.0%
- Consumer Cyclical16.7%
- Financial Services16.6%
- Real Estate9.2%
- Technology8.9%
- Basic Materials7.1%
Countries
- United Kingdom79.3%
- United States5.8%
- Taiwan1.3%
- China1.1%
- Germany1.0%
- Switzerland1.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MIDDLSEiShares FTSE 250 UCITS ETF | 0.4% | 658.6M |
| VMIDLSEVanguard FTSE 250 UCITS ETF (GBP) Distributing | 0.1% | 2.1B |
| VMIGLSEVanguard FTSE 250 UCITS ETF (GBP) Accumulating | 0.1% | 2.1B |
| S250LSEInvesco FTSE 250 UCITS ETF | 0.12% | 30.5M |
| XMCXLSEXtrackers FTSE 250 UCITS ETF 1D | 0.15% | 30.6M |
Assets are shown in each fund's own reporting currency.
How to invest in HMCX 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 HMCX and buy
Find the fund by its ticker, HMCX, on the London Stock Exchange ETF segment, and place your order.
Why invest in HMCX from India
What HMCX holds
The primary objective of this Fund is to closely replicate the financial performance of the FTSE 250 Index. It achieves this by allocating capital to, or otherwise gaining market exposure to, the equities of the constituent companies that comprise this benchmark.
Outside US estate tax
HMCX 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 HMCX's UCITS structure matters for Indian investors
HMCX 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 HMCX from India?
Yes. Indian residents can buy HSBC FTSE 250 UCITS ETF (HMCX) 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 HMCX invest in?
HSBC FTSE 250 UCITS ETF holds 251 securities. Its largest holdings are Capital Cash Ctrl (37.2%), Rightmove PLC (1.3%) and Persimmon PLC (1.3%). Industrials is its largest sector at 19.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of HMCX?
HSBC FTSE 250 UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about £60.9M.
Is HMCX a UCITS ETF, and why does that matter for Indian investors?
Yes. HSBC FTSE 250 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.
How are HMCX dividends taxed in India?
HSBC FTSE 250 UCITS ETF 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 HMCX?
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.