London Stock Exchange ETF segment · UCITS ETF
Invest in MAMG ETF from India
Indian and foreign residents can buy iShares Moderate Portfolio UCITS ETF (MAMG) units directly through Paasa.
By Paasa · Updated
MAMG at a glance
- Price
- £7.23+£0.00 (0.06%)
- Expense ratio
- 0.25%
- Day range
- £7.23 – £7.27
- Assets
- £25.6M
- Domicile
- Ireland
- Holdings
- 19
- Launched
- 2020
- Dividends
- —
- 1 month
- -1.84%
- 6 months
- +9.45%
- YTD
- +6.39%
- 1 year
- +9.61%
- 5 years
- +27.31%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP2.5%
- 2APPLE INC2.0%
- 3MICROSOFT CORP1.8%
- 4AMAZON COM INC1.5%
- 5ALPHABET INC CLASS C1.0%
- 6TREASURY NOTE (2OLD) 4.63% 02/15/2035 (TNOTE)0.9%
- 7TREASURY NOTE 4.38% 05/15/2034 (TNOTE)0.9%
- 8TREASURY NOTE 4.25% 11/15/2034 (TNOTE)0.9%
- 9TREASURY NOTE (OLD) 4.25% 05/15/2035 (TNOTE)0.9%
- 10TREASURY NOTE 3.88% 08/15/2034 (TNOTE)0.9%
MAMG holds 19 securities in total. These 10 are 13.3% of the fund.
Where the money is invested
Sectors
- Technology14.1%
- Financial Services8.2%
- Consumer Cyclical5.2%
- Industrials4.6%
- Communication Services4.4%
- Healthcare3.5%
Countries
- United States58.8%
- France6.1%
- United Kingdom5.8%
- Germany3.1%
- Spain2.7%
- Italy2.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MODRXETRAiShares Moderate Portfolio UCITS ETF | 0.25% | 46.9M |
| MODUAMSiShares Moderate Portfolio UCITS ETF | 0.25% | 7.3M |
Assets are shown in each fund's own reporting currency.
How to invest in MAMG 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 GBP when you buy.
Step 3
Search MAMG and buy
Find the fund by its ticker, MAMG, on the London Stock Exchange ETF segment, and place your order.
Why invest in MAMG from India
What MAMG holds
The iShares Moderate Portfolio UCITS ETF strives to achieve overall capital appreciation by constructing an actively managed portfolio across various asset classes. A core principle of its strategy is that at least 80% of its holdings must comply with the fund's designated environmental, social, and governance (ESG) criteria, all while maintaining a moderate risk exposure.
Outside US estate tax
MAMG 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 MAMG's UCITS structure matters for Indian investors
MAMG 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 MAMG from India?
Yes. Indian residents can buy iShares Moderate Portfolio UCITS ETF (MAMG) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 MAMG invest in?
iShares Moderate Portfolio UCITS ETF holds 19 securities. Its largest holdings are NVIDIA CORP (2.5%), APPLE INC (2.0%) and MICROSOFT CORP (1.8%). Technology is its largest sector at 14.1%. The fund is domiciled in Ireland.
What is the expense ratio of MAMG?
iShares Moderate 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 £25.6M.
Is MAMG a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Moderate 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 MAMG?
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 GBP/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.