London Stock Exchange ETF segment · UCITS ETF
Invest in JPNA ETF from India
Indian and foreign residents can buy UBS Core MSCI Japan UCITS ETF- - Capitalisation (JPNA) units directly through Paasa.
By Paasa · Updated
JPNA at a glance
- Price
- $34.39-$0.31 (0.88%)
- Expense ratio
- 0.12%
- Day range
- $34.39 – $34.47
- Assets
- $8.3B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2017
- Dividends
- Accumulating
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GRO4.5%
- 2TOYOTA MOTOR CORP3.7%
- 3HITACHI LTD3.2%
- 4ADVANTEST CORP3.1%
- 5RECRUIT HOLDINGS CO LTD3.1%
- 6SONY GROUP CORP2.9%
- 7SUMITOMO MITSUI FINANCIAL GR2.9%
- 8TOKYO ELECTRON LTD2.8%
- 9MIZUHO FINANCIAL GROUP INC2.2%
- 10SOFTBANK GROUP CORP2.1%
These 10 are 30.5% of the fund.
Where the money is invested
Countries
- Japan100.0%
How to invest in JPNA 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 JPNA and buy
Find the fund by its ticker, JPNA, on the London Stock Exchange ETF segment, and place your order.
Why invest in JPNA from India
What JPNA holds
The UBS (Lux) Fund Solutions - MSCI Japan UCITS ETF sub-fund aims to track, before expenses, the price and income performance of the price of the MSCI Japan Index (Net Return) (this sub-fund's Index).
Outside US estate tax
JPNA is domiciled in Luxembourg, 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 JPNA'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
JPNA 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 JPNA's UCITS structure matters for Indian investors
JPNA is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy JPNA from India?
Yes. Indian residents can buy UBS Core MSCI Japan UCITS ETF- - Capitalisation (JPNA) 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 JPNA invest in?
Its largest holdings are MITSUBISHI UFJ FINANCIAL GRO (4.5%), TOYOTA MOTOR CORP (3.7%) and HITACHI LTD (3.2%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of JPNA?
UBS Core MSCI Japan UCITS ETF- - Capitalisation has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $8.3B.
Is JPNA a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Core MSCI Japan UCITS ETF- - Capitalisation is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does JPNA pay dividends?
No. UBS Core MSCI Japan UCITS ETF- - Capitalisation 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 JPNA?
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.