XETRA · UCITS ETF
Invest in MAGR ETF from India
Indian and foreign residents can buy iShares Growth Portfolio UCITS ETF (MAGR) units directly through Paasa.
By Paasa · Updated
MAGR at a glance
- Price
- €8.54+€0.05 (0.53%)
- Expense ratio
- 0.25%
- Day range
- €8.53 – €8.58
- Assets
- €108.9M
- Domicile
- Ireland
- Holdings
- 15
- Launched
- 2020
- Dividends
- —
- 1 month
- +0.05%
- 6 months
- +16.24%
- YTD
- +13.32%
- 1 year
- +18.01%
- 5 years
- +39.84%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORPNVDA4.7%
- 2APPLE INCAAPL3.0%
- 3MICROSOFT CORPMSFT2.7%
- 4AMAZON COM INCAMZN2.4%
- 5TESLA INCTSLA1.7%
- 6ALPHABET INC CLASS CGOOG1.6%
- 7TAIWAN SEMICONDUCTOR MANUFACTURING2330.TW1.3%
- 8BROADCOM INCAVGO1.2%
- 9META PLATFORMS INC CLASS AMETA1.2%
- 10ALPHABET INC CLASS AGOOGL1.0%
MAGR holds 15 securities in total. These 10 are 20.7% of the fund.
Where the money is invested
Sectors
- Technology25.6%
- Financial Services15.2%
- Consumer Cyclical9.6%
- Industrials8.5%
- Communication Services7.6%
- Healthcare6.5%
Countries
- United States62.0%
- United Kingdom4.6%
- Japan4.5%
- France3.1%
- China2.8%
- Taiwan (Province of China)2.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MAGGLSEiShares Growth Portfolio UCITS ETF | 0.25% | 29.3M |
| MAGUAMSiShares Growth Portfolio UCITS ETF | 0.25% | 2.4M |
Assets are shown in each fund's own reporting currency.
How to invest in MAGR 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 MAGR and buy
Find the fund by its ticker, MAGR, on XETRA, and place your order.
Why invest in MAGR from India
What MAGR holds
The iShares Growth Portfolio UCITS ETF aims to generate comprehensive investment returns through its actively managed, diversified portfolio of various asset classes. A key aspect of its strategy is the commitment to environmental, social, and governance (ESG) principles, with at least 80% of its holdings meeting the fund's specific ESG standards, all while targeting an investment approach aligned with a growth-oriented risk profile.
Outside US estate tax
MAGR 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 MAGR's UCITS structure matters for Indian investors
MAGR 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 MAGR from India?
Yes. Indian residents can buy iShares Growth Portfolio UCITS ETF (MAGR) through Paasa. It is listed on XETRA 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 MAGR invest in?
iShares Growth Portfolio UCITS ETF holds 15 securities. Its largest holdings are NVIDIA CORP (4.7%), APPLE INC (3.0%) and MICROSOFT CORP (2.7%). Technology is its largest sector at 25.6%. The fund is domiciled in Ireland.
What is the expense ratio of MAGR?
iShares Growth Portfolio 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 €108.9M.
Is MAGR a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Growth Portfolio 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 MAGR?
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.