NASDAQ · ETF
Invest in IMCV ETF from India
Indian and foreign residents can buy iShares Morningstar Mid- Value ETF (IMCV) units directly through Paasa.
By Paasa · Updated
IMCV at a glance
- Price
- $92.44-$0.27 (0.29%)
- Expense ratio
- 0.06%
- Day range
- $91.99 – $92.63
- Assets
- $1.1B
- Domicile
- the US
- Holdings
- 268
- Launched
- 2004
- Dividends
- Accumulating
- 1 month
- -5.35%
- 6 months
- +10.50%
- YTD
- +11.41%
- 1 year
- +15.21%
- 5 years
- +46.21%
Price change, excluding dividends.
Top 10 holdings
- 1VALERO ENERGY CORP1.6%
- 2AUTOMATIC DATA PROCESSING INC1.5%
- 3PHILLIPS 661.5%
- 4US BANCORP1.3%
- 5PNC FINANCIAL SERVICES GROUP1.3%
- 63M1.3%
- 7HEWLETT PACKARD ENTERPRISE1.2%
- 8ELEVANCE HEALTH INC1.2%
- 9MONDELEZ INTERNATIONAL CLASS A1.1%
- 10SLB1.1%
IMCV holds 268 securities in total. These 10 are 13.1% of the fund.
Where the money is invested
Sectors
- Financial Services17.5%
- Energy12.9%
- Healthcare11.1%
- Industrials11.0%
- Technology10.5%
- Utilities8.7%
Countries
- United States97.1%
- Ireland0.9%
- United Kingdom0.6%
- Switzerland0.5%
- Bermuda0.5%
- Netherlands0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VOEAMEXVanguard Morningstar Mid-Cap Value ETF | 0.05% | 39.0B |
Assets are shown in each fund's own reporting currency.
How to invest in IMCV 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 IMCV and buy
Find the fund by its ticker, IMCV, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in IMCV from India
What IMCV holds
The iShares Morningstar Mid-Cap Value ETF is designed to replicate the investment performance of a specific benchmark. This index is composed of medium-sized U.S. companies that are identified by their inherent value characteristics.
Dividends reinvested for you
Dividends from IMCV'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
IMCV 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one IMCV unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy IMCV from India?
Yes. Indian residents can buy iShares Morningstar Mid- Value ETF (IMCV) through Paasa. It is listed on NASDAQ 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 IMCV invest in?
iShares Morningstar Mid- Value ETF holds 268 securities. Its largest holdings are VALERO ENERGY CORP (1.6%), AUTOMATIC DATA PROCESSING INC (1.5%) and PHILLIPS 66 (1.5%). Financial Services is its largest sector at 17.5%. It is an accumulating fund domiciled in the US.
What is the expense ratio of IMCV?
iShares Morningstar Mid- Value ETF has an expense ratio of 0.06% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.1B.
Does IMCV pay dividends?
No. iShares Morningstar Mid- Value 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 IMCV?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one IMCV unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $92.44, and there is no minimum trade size.
What happens to my IMCV units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.