London Stock Exchange ETF segment · UCITS ETF
Invest in IEFM ETF from India
Indian and foreign residents can buy iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM) units directly through Paasa.
By Paasa · Updated
IEFM at a glance
- Price
- £13.66+£0.04 (0.32%)
- Expense ratio
- 0.25%
- Day range
- £13.64 – £13.74
- Assets
- £608.7M
- Domicile
- Ireland
- Holdings
- 124
- Launched
- 2015
- Dividends
- —
- 1 month
- -0.31%
- 6 months
- +8.83%
- YTD
- +7.18%
- 1 year
- +14.36%
- 5 years
- +68.79%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLCHSBA.L5.0%
- 2ASML HOLDINGASML.AS5.0%
- 3NOVARTIS AGNOVN.SW4.6%
- 4ROCHE PS PAR AGROP.SW4.4%
- 5TOTALENERGIESTTE.PA4.3%
- 6SHELLSHEL.L4.3%
- 7BANCO SANTANDERSAN.MC4.2%
- 8IBERDROLAIBE.MC3.3%
- 9ABB LTDABBN.SW3.2%
- 10BANCO BILBAO VIZCAYA ARGENTARIA SABBVA.MC3.1%
IEFM holds 124 securities in total. These 10 are 41.3% of the fund.
Where the money is invested
Sectors
- Financial Services25.4%
- Energy14.2%
- Healthcare14.1%
- Industrials13.3%
- Technology11.1%
- Utilities9.4%
Countries
- Switzerland20.6%
- United Kingdom19.9%
- Spain14.3%
- Netherlands9.3%
- France8.6%
- Germany6.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEMDLSEiShares Edge MSCI Europe Momentum Factor UCITS ETF | 0.25% | 39.6M |
Assets are shown in each fund's own reporting currency.
How to invest in IEFM 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 IEFM and buy
Find the fund by its ticker, IEFM, on the London Stock Exchange ETF segment, and place your order.
Why invest in IEFM from India
What IEFM holds
The Fund seeks to track the performance of an index composed of a sub-set of MSCI Europe stocks that have been experiencing an upward price trend.
Outside US estate tax
IEFM 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 IEFM's UCITS structure matters for Indian investors
IEFM 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 IEFM from India?
Yes. Indian residents can buy iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM) 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 IEFM invest in?
iShares Edge MSCI Europe Momentum Factor UCITS ETF holds 124 securities. Its largest holdings are HSBC HOLDINGS PLC (5.0%), ASML HOLDING (5.0%) and NOVARTIS AG (4.6%). Financial Services is its largest sector at 25.4%. The fund is domiciled in Ireland.
What is the expense ratio of IEFM?
iShares Edge MSCI Europe Momentum Factor UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about £608.7M.
Is IEFM a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge MSCI Europe Momentum Factor 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.
What tax do I pay in India when I sell IEFM?
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.