London Stock Exchange ETF segment · UCITS ETF
Invest in IAEX ETF from India
Indian and foreign residents can buy iShares AEX UCITS ETF (IAEX) units directly through Paasa.
By Paasa · Updated
IAEX at a glance
- Price
- £95.64+£0.63 (0.66%)
- Expense ratio
- 0.3%
- Day range
- £95.51 – £95.94
- Assets
- £657.3M
- Domicile
- Ireland
- Holdings
- 29
- Launched
- 2005
- Dividends
- Distributing
- 1 month
- +0.40%
- 6 months
- +14.32%
- YTD
- +15.28%
- 1 year
- +17.15%
- 5 years
- +42.26%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDINGASML.AS15.9%
- 2SHELLSHEL.L15.0%
- 3UNILEVER PLCULVR.L12.3%
- 4ING GROEPINGA.AS9.4%
- 5RELX PLCREL.L5.5%
- 6PROSUS NV CLASS NPRX.AS4.8%
- 7ASM INTERNATIONAL NVASM.AS4.2%
- 8KONINKLIJKE AHOLD DELHAIZEAD.AS2.9%
- 9ADYENADYEN.AS2.7%
- 10ARCELORMITTAL SAMTS.MC2.7%
IAEX holds 29 securities in total. These 10 are 75.5% of the fund.
Where the money is invested
Sectors
- Technology22.4%
- Consumer Defensive18.5%
- Energy16.8%
- Financial Services16.5%
- Industrials9.1%
- Basic Materials6.4%
Countries
- Netherlands58.3%
- United Kingdom35.6%
- Luxembourg3.2%
- Switzerland1.9%
- Ireland0.7%
- Belgium0.4%
Similar funds
Assets are shown in each fund's own reporting currency.
How to invest in IAEX 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 IAEX and buy
Find the fund by its ticker, IAEX, on the London Stock Exchange ETF segment, and place your order.
Why invest in IAEX from India
What IAEX holds
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the AEX Index, the Fund’s benchmark index (Index).
Outside US estate tax
IAEX 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 IAEX's UCITS structure matters for Indian investors
IAEX 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 IAEX from India?
Yes. Indian residents can buy iShares AEX UCITS ETF (IAEX) 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 IAEX invest in?
iShares AEX UCITS ETF holds 29 securities. Its largest holdings are ASML HOLDING (15.9%), SHELL (15.0%) and UNILEVER PLC (12.3%). Technology is its largest sector at 22.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IAEX?
iShares AEX UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about £657.3M.
Is IAEX a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares AEX 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 IAEX dividends taxed in India?
iShares AEX 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 IAEX?
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.