London Stock Exchange ETF segment · UCITS ETF
Invest in IEMA ETF from India
Indian and foreign residents can buy iShares MSCI EM UCITS ETF (IEMA) units directly through Paasa.
By Paasa · Updated
IEMA at a glance
- Price
- $65.35+$0.71 (1.10%)
- Expense ratio
- 0.18%
- Day range
- $65.09 – $65.58
- Assets
- $10.6B
- Domicile
- Ireland
- Holdings
- 784
- Launched
- 2009
- Dividends
- Accumulating
- 1 month
- +0.54%
- 6 months
- +23.77%
- YTD
- +24.48%
- 1 year
- +32.21%
- 5 years
- +56.13%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANUFACTURING2330.TW15.3%
- 2SAMSUNG ELECTRONICS LTD005930.KS7.8%
- 3SK HYNIX000660.KS6.0%
- 4ISH MSCI CHINA A ETF USD ACCCNYAN.MX3.3%
- 5TENCENT HOLDINGS0700.HK2.7%
- 6ISHARES MSCI BRAZIL UCITS ET USDHA4BRZ.DE1.9%
- 7MEDIATEK2454.TW1.9%
- 8ALIBABA GROUP HOLDING9988.HK1.9%
- 9SAMSUNG ELECTRONICS NON VOTING PRE005935.KS1.0%
- 10DELTA ELECTRONICS2308.TW0.9%
IEMA holds 784 securities in total. These 10 are 42.9% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services19.3%
- Consumer Cyclical8.2%
- Industrials6.3%
- Basic Materials6.3%
- Communication Services6.2%
Countries
- Taiwan28.4%
- South Korea21.6%
- China14.1%
- India10.7%
- Ireland3.7%
- South Africa2.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IDEMLSEiShares MSCI EM UCITS ETF USD (Dist) | 0.18% | 10.4B |
Assets are shown in each fund's own reporting currency.
How to invest in IEMA 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 IEMA and buy
Find the fund by its ticker, IEMA, on the London Stock Exchange ETF segment, and place your order.
Why invest in IEMA from India
What IEMA holds
The core aim of this fund is to emulate the financial trajectory of a particular market index. This index comprises various enterprises situated in nascent global economies.
Outside US estate tax
IEMA 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 IEMA'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
IEMA 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 IEMA's UCITS structure matters for Indian investors
IEMA 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 IEMA from India?
Yes. Indian residents can buy iShares MSCI EM UCITS ETF (IEMA) 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 IEMA invest in?
iShares MSCI EM UCITS ETF holds 784 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANUFACTURING (15.3%), SAMSUNG ELECTRONICS LTD (7.8%) and SK HYNIX (6.0%). Technology is its largest sector at 41.9%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IEMA?
iShares MSCI EM UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $10.6B.
Is IEMA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI EM 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 IEMA pay dividends?
No. iShares MSCI EM 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 IEMA?
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.