London Stock Exchange ETF segment · UCITS ETF
Invest in IEVL ETF from India
Indian and foreign residents can buy iShares Edge MSCI Europe Value Factor UCITS ETF (IEVL) units directly through Paasa.
By Paasa · Updated
IEVL at a glance
- Price
- €13.72+€0.07 (0.51%)
- Expense ratio
- 0.25%
- Day range
- €13.70 – €13.79
- Assets
- €2.5B
- Domicile
- Ireland
- Holdings
- 146
- Launched
- 2015
- Dividends
- —
- 1 month
- -2.00%
- 6 months
- +12.74%
- YTD
- +15.10%
- 1 year
- +29.56%
- 5 years
- +98.96%
Price change, excluding dividends.
Top 10 holdings
- 1SIEMENS N AGSIE.DE4.1%
- 2SANOFI SASAN.PA4.0%
- 3BAYER AGBAYN.DE3.3%
- 4BRITISH AMERICAN TOBACCOBATS.L3.2%
- 5HSBC HOLDINGS PLCHSBA.L3.0%
- 6GLAXOSMITHKLINEGSK.L3.0%
- 7BNP PARIBAS SABNP.PA2.7%
- 8BANCO SANTANDERSAN.MC2.5%
- 9VINCI SADG.PA1.9%
- 10DHL AGDHL.DE1.9%
IEVL holds 146 securities in total. These 10 are 29.7% of the fund.
Where the money is invested
Sectors
- Financial Services26.4%
- Industrials19.1%
- Healthcare13.7%
- Consumer Defensive7.8%
- Technology7.7%
- Consumer Cyclical6.0%
Countries
- Germany24.2%
- United Kingdom23.6%
- France20.4%
- Spain5.8%
- Italy4.8%
- Sweden4.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEDLLSEiShares Edge MSCI Europe Value Factor UCITS ETF | 0.25% | 123.5M |
Assets are shown in each fund's own reporting currency.
How to invest in IEVL 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 EUR when you buy.
Step 3
Search IEVL and buy
Find the fund by its ticker, IEVL, on the London Stock Exchange ETF segment, and place your order.
Why invest in IEVL from India
What IEVL holds
This ETF aims to replicate the returns of a specific index, which is comprised of European equities. These stocks are carefully selected from the broader MSCI Europe universe because they are identified as undervalued when assessed against their fundamental financial characteristics.
Outside US estate tax
IEVL 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 IEVL's UCITS structure matters for Indian investors
IEVL 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 IEVL from India?
Yes. Indian residents can buy iShares Edge MSCI Europe Value Factor UCITS ETF (IEVL) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in EUR. 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 IEVL invest in?
iShares Edge MSCI Europe Value Factor UCITS ETF holds 146 securities. Its largest holdings are SIEMENS N AG (4.1%), SANOFI SA (4.0%) and BAYER AG (3.3%). Financial Services is its largest sector at 26.4%. The fund is domiciled in Ireland.
What is the expense ratio of IEVL?
iShares Edge MSCI Europe Value 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 €2.5B.
Is IEVL a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge MSCI Europe Value 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 IEVL?
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 EUR/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.