London Stock Exchange ETF segment · UCITS ETF
Invest in IJPE ETF from India
Indian and foreign residents can buy iShares MSCI Japan UCITS ETF (IJPE) units directly through Paasa.
By Paasa · Updated
IJPE at a glance
- Price
- €145.98+€3.07 (2.15%)
- Expense ratio
- 0.64%
- Day range
- €144.90 – €146.36
- Assets
- €1.2B
- Domicile
- Ireland
- Holdings
- 167
- Launched
- 2010
- Dividends
- Accumulating
- 1 month
- +0.50%
- 6 months
- +19.23%
- YTD
- +23.38%
- 1 year
- +35.77%
- 5 years
- +138.08%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP4.9%
- 2TOYOTA MOTOR3.5%
- 3SUMITOMO MITSUI FINANCIAL GROUP3.1%
- 4TOKYO ELECTRON3.1%
- 5ADVANTEST3.0%
- 6HITACHI3.0%
- 7SOFTBANK GROUP2.8%
- 8RECRUIT HOLDINGS LTD2.7%
- 9SONY GROUP2.6%
- 10JPY CASH2.5%
IJPE holds 167 securities in total. These 10 are 31.3% of the fund.
Where the money is invested
Sectors
- Industrials23.2%
- Technology21.0%
- Financial Services19.1%
- Consumer Cyclical11.6%
- Communication Services9.3%
- Healthcare5.5%
Countries
- Japan105.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWJAMEXiShares MSCI Japan ETF | 0.49% | 23.2B |
| LCJDLSEAmundi Core MSCI Japan UCITS ETF Acc | 0.12% | 7.0B |
| XMJDLSEXtrackers MSCI Japan UCITS ETF 1C | 0.12% | 8.9B |
| DBJPAMEXXtrackers MSCI Japan Hedged Equity ETF | 0.45% | 722.8M |
| IJPDLSEiShares MSCI Japan USD Hedged UCITS ETF (Acc) | 0.64% | 624.6M |
Assets are shown in each fund's own reporting currency.
How to invest in IJPE 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 IJPE and buy
Find the fund by its ticker, IJPE, on the London Stock Exchange ETF segment, and place your order.
Why invest in IJPE from India
What IJPE holds
This fund aims to replicate the performance of an equity index comprising Japanese companies, while also implementing a monthly currency hedge to convert Japanese Yen exposure within the index back to Euros.
Outside US estate tax
IJPE 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 IJPE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 IJPE's UCITS structure matters for Indian investors
IJPE 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 IJPE from India?
Yes. Indian residents can buy iShares MSCI Japan UCITS ETF (IJPE) 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 IJPE invest in?
iShares MSCI Japan UCITS ETF holds 167 securities. Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (4.9%), TOYOTA MOTOR (3.5%) and SUMITOMO MITSUI FINANCIAL GROUP (3.1%). Industrials is its largest sector at 23.2%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IJPE?
iShares MSCI Japan UCITS ETF has an expense ratio of 0.64% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.2B.
Is IJPE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Japan 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 IJPE pay dividends?
No. iShares MSCI Japan 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 IJPE?
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.