London Stock Exchange ETF segment · UCITS ETF
Invest in HSXE ETF from India
Indian and foreign residents can buy HSBC ETFs PLC - HSBC Europe ex UK Screened Equity UCITS ETF (HSXE) units directly through Paasa.
By Paasa · Updated
HSXE at a glance
- Price
- £16.65-£0.13 (0.80%)
- Expense ratio
- 0.15%
- Day range
- £16.65 – £16.70
- Assets
- £44.8M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -3.56%
- 6 months
- +10.24%
- YTD
- +8.73%
- 1 year
- +16.98%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Capital Cash Ctrl11.0%
- 2Schneider Electric SE10.3%
- 3Allianz SE6.3%
- 4UBS Group AG Registered Shares5.6%
- 5ASML Holding NV5.5%
- 6Enel SpA5.5%
- 7Novartis AG Registered Shares4.6%
- 8Iberdrola SA3.9%
- 9Swiss Re AG3.3%
- 10L'Oreal SA3.0%
These 10 are 58.9% of the fund.
Where the money is invested
Countries
- France17.9%
- Switzerland17.7%
- Germany16.8%
- Netherlands12.1%
- Spain8.3%
- Italy7.0%
How to invest in HSXE 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 HSXE and buy
Find the fund by its ticker, HSXE, on the London Stock Exchange ETF segment, and place your order.
Why invest in HSXE from India
What HSXE holds
The Fund aims to track as closely as possible the returns of the FTSE Developed Europe ex UK ESG Low Carbon Select Index (the Index). The Fund will invest in, or gain exposure to shares of companies which make up the Index.
Outside US estate tax
HSXE 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 HSXE's UCITS structure matters for Indian investors
HSXE 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 HSXE from India?
Yes. Indian residents can buy HSBC ETFs PLC - HSBC Europe ex UK Screened Equity UCITS ETF (HSXE) 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 HSXE invest in?
Its largest holdings are Capital Cash Ctrl (11.0%), Schneider Electric SE (10.3%) and Allianz SE (6.3%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of HSXE?
HSBC ETFs PLC - HSBC Europe ex UK Screened Equity UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about £44.8M.
Is HSXE a UCITS ETF, and why does that matter for Indian investors?
Yes. HSBC ETFs PLC - HSBC Europe ex UK Screened Equity 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 HSXE dividends taxed in India?
HSBC ETFs PLC - HSBC Europe ex UK Screened Equity 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 HSXE?
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.