London Stock Exchange ETF segment · UCITS ETF
Invest in IDFX ETF from India
Indian and foreign residents can buy iShares China Large UCITS ETF (IDFX) units directly through Paasa.
By Paasa · Updated
IDFX at a glance
- Price
- $97.37+$1.18 (1.23%)
- Expense ratio
- 0.74%
- Day range
- $97.37 – $97.46
- Assets
- $809.7M
- Domicile
- Ireland
- Holdings
- 50
- Launched
- 2004
- Dividends
- Accumulating
- 1 month
- -4.48%
- 6 months
- -2.83%
- YTD
- -12.48%
- 1 year
- -16.62%
- 5 years
- -11.70%
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS9.3%
- 2ALIBABA GROUP HOLDING9.1%
- 3CHINA CONSTRUCTION BANK CORP H9.0%
- 4INDUSTRIAL AND COMMERCIAL BANK OF6.4%
- 5XIAOMI4.6%
- 6BANK OF CHINA LTD H4.5%
- 7MEITUAN4.3%
- 8NETEASE3.9%
- 9PING AN INSURANCE (GROUP) CO OF CH3.6%
- 10BYD H3.2%
IDFX holds 50 securities in total. These 10 are 58.0% of the fund.
Where the money is invested
Sectors
- Financial Services36.0%
- Consumer Cyclical25.9%
- Communication Services15.1%
- Technology6.7%
- Energy5.1%
- Basic Materials3.6%
Countries
- China94.8%
- Singapore2.1%
- Switzerland2.0%
- Hong Kong0.9%
- Ireland0.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FXIAMEXiShares China Large-Cap ETF | 0.73% | 4.1B |
| FXACAMSiShares China Large Cap UCITS ETF USD Acc | 0.74% | 31.8M |
Assets are shown in each fund's own reporting currency.
How to invest in IDFX 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.
Step 3
Search IDFX and buy
Find the fund by its ticker, IDFX, on the London Stock Exchange ETF segment, and place your order.
Why invest in IDFX from India
What IDFX holds
This investment vehicle endeavors to closely follow the performance of a specific benchmark index. This index comprises the 50 biggest companies originating from China that are publicly traded on the Hong Kong Stock Exchange.
Outside US estate tax
IDFX is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from IDFX's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
IDFX is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 IDFX's UCITS structure matters for Indian investors
IDFX 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 IDFX from India?
Yes. Indian residents can buy iShares China Large UCITS ETF (IDFX) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 IDFX invest in?
iShares China Large UCITS ETF holds 50 securities. Its largest holdings are TENCENT HOLDINGS (9.3%), ALIBABA GROUP HOLDING (9.1%) and CHINA CONSTRUCTION BANK CORP H (9.0%). Financial Services is its largest sector at 36.0%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IDFX?
iShares China Large UCITS ETF has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about $809.7M.
Is IDFX a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares China Large 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.
Does IDFX pay dividends?
No. iShares China Large UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell IDFX?
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 USD/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.