London Stock Exchange ETF segment · UCITS ETF
Invest in IJPU ETF from India
Indian and foreign residents can buy iShares MSCI Japan UCITS ETF (IJPU) units directly through Paasa.
By Paasa · Updated
IJPU at a glance
- Price
- $25.28-$0.05 (0.20%)
- Expense ratio
- 0.12%
- Day range
- $25.20 – $25.31
- Assets
- $5.1B
- Domicile
- Ireland
- Holdings
- 167
- Launched
- 2004
- Dividends
- Distributing
- 1 month
- +0.00%
- 6 months
- +17.91%
- YTD
- +17.91%
- 1 year
- +23.50%
- 5 years
- +41.31%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP8306.T4.6%
- 2TOYOTA MOTOR7203.T3.4%
- 3HITACHI6501.T2.9%
- 4SUMITOMO MITSUI FINANCIAL GROUP8316.T2.9%
- 5ADVANTEST6857.T2.9%
- 6TOKYO ELECTRON8035.T2.9%
- 7SOFTBANK GROUP9984.T2.8%
- 8SONY GROUP6758.T2.6%
- 9RECRUIT HOLDINGS LTD6098.T2.5%
- 10KIOXIA HOLDINGS285A.T2.5%
IJPU holds 167 securities in total. These 10 are 30.0% 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
- Japan99.7%
- Other0.3%
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 IJPU 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 IJPU and buy
Find the fund by its ticker, IJPU, on the London Stock Exchange ETF segment, and place your order.
Why invest in IJPU from India
What IJPU holds
The investment objective of this Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the MSCI Japan Index.
Outside US estate tax
IJPU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
IJPU 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 IJPU's UCITS structure matters for Indian investors
IJPU 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 IJPU from India?
Yes. Indian residents can buy iShares MSCI Japan UCITS ETF (IJPU) 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 IJPU invest in?
iShares MSCI Japan UCITS ETF holds 167 securities. Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (4.6%), TOYOTA MOTOR (3.4%) and HITACHI (2.9%). Industrials is its largest sector at 23.2%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IJPU?
iShares MSCI Japan UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $5.1B.
Is IJPU 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.
How are IJPU dividends taxed in India?
iShares MSCI Japan UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell IJPU?
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.