London Stock Exchange ETF segment · UCITS ETF
Invest in IESG ETF from India
Indian and foreign residents can buy iShares MSCI Europe SRI UCITS ETF (IESG) units directly through Paasa.
By Paasa · Updated
IESG at a glance
- Price
- £67.79+£0.00 (0.00%)
- Expense ratio
- 0.2%
- Day range
- £67.66 – £68.01
- Assets
- £2.5B
- Domicile
- Ireland
- Holdings
- 121
- Launched
- 2011
- Dividends
- —
- 1 month
- +4.07%
- 6 months
- +6.76%
- YTD
- +10.30%
- 1 year
- +11.16%
- 5 years
- +23.30%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING6.5%
- 2NOVARTIS AG5.1%
- 3ABB LTD3.5%
- 4LOREAL SA3.4%
- 5SCHNEIDER ELECTRIC3.4%
- 6ZURICH INSURANCE GROUP AG3.3%
- 7ING GROEP2.8%
- 8SAP2.5%
- 9MUENCHENER RUECKVERSICHERUNGS-GESE2.3%
- 10AXA SA2.3%
IESG holds 121 securities in total. These 10 are 35.0% of the fund.
Where the money is invested
Sectors
- Financials25.9%
- Industrials18.1%
- Health Care13.8%
- Consumer Staples9.7%
- Information Technology9.5%
- Consumer Discretionary6.5%
Countries
- Switzerland24.7%
- France17.9%
- Netherlands13.8%
- United Kingdom11.6%
- Germany10.9%
- Sweden4.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ESIELSEiShares MSCI Europe SRI UCITS ETF EUR (Acc) | 0.18% | 256.0M |
| 36B3XETRAiShares MSCI Europe SRI UCITS ETF | 0.2% | 178.5M |
| IDSEAMSiShares MSCI Europe SRI UCITS ETF | 0.2% | 31.4M |
| CBUDXETRAiShares MSCI Europe SRI UCITS ETF | 0.23% | 7.4M |
Assets are shown in each fund's own reporting currency.
How to invest in IESG 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 IESG and buy
Find the fund by its ticker, IESG, on the London Stock Exchange ETF segment, and place your order.
Why invest in IESG from India
What IESG holds
This fund endeavors to match the performance of a European equity index, which features companies rigorously evaluated for their environmental, social, and governance (ESG) credentials. Effective November 27, 2019, the underlying benchmark for the fund was modified, shifting from the MSCI Europe SRI Index to the MSCI Europe SRI Select Reduced Fossil Fuel Index.
Outside US estate tax
IESG 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 IESG's UCITS structure matters for Indian investors
IESG 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 IESG from India?
Yes. Indian residents can buy iShares MSCI Europe SRI UCITS ETF (IESG) 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 IESG invest in?
iShares MSCI Europe SRI UCITS ETF holds 121 securities. Its largest holdings are ASML HOLDING (6.5%), NOVARTIS AG (5.1%) and ABB LTD (3.5%). Financials is its largest sector at 25.9%. The fund is domiciled in Ireland.
What is the expense ratio of IESG?
iShares MSCI Europe SRI UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £2.5B.
Is IESG a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Europe SRI 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 IESG?
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.