XETRA · UCITS ETF
Invest in MDBE ETF from India
Indian and foreign residents can buy UBS Sustainable Development Bank Bonds UCITS ETF hEUR (MDBE) units directly through Paasa.
By Paasa · Updated
MDBE at a glance
- Price
- €9.91-€0.02 (0.17%)
- Expense ratio
- 0.18%
- Day range
- €9.91 – €9.95
- Assets
- €1.6B
- Domicile
- Luxembourg
- Holdings
- 101
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -2.00%
- 6 months
- -1.90%
- YTD
- -3.05%
- 1 year
- -2.19%
- 5 years
- -6.79%
Price change, excluding dividends.
Top 10 holdings
- 1EBRD 4 1/8 01/25/293.6%
- 2EBRD 4 3/8 03/09/283.5%
- 3IADB 4 1/2 02/15/302.3%
- 4ASIA 4 3/8 01/14/282.2%
- 5IADB 4 1/8 02/15/292.1%
- 6AFDB 4 3/8 11/03/272.1%
- 7AFDB 4 3/8 03/14/282.1%
- 8AFDB 3.875 '28 USD2.1%
- 9EBRD 4 1/4 05/29/312.1%
- 10AFDB 4 03/18/302.0%
MDBE holds 101 securities in total. These 10 are 24.2% of the fund.
Where the money is invested
Countries
- United States49.8%
- Philippines24.8%
- Ivory Coast14.1%
- United Kingdom10.9%
- Other0.5%
How to invest in MDBE 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 MDBE and buy
Find the fund by its ticker, MDBE, on XETRA, and place your order.
Why invest in MDBE from India
What MDBE holds
This ETF primarily allocates its assets to track the performance of the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to EUR Total Return Index. Its portfolio composition mirrors the proportional representation of the underlying securities within that index.
Outside US estate tax
MDBE 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 MDBE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 MDBE's UCITS structure matters for Indian investors
MDBE 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 MDBE from India?
Yes. Indian residents can buy UBS Sustainable Development Bank Bonds UCITS ETF hEUR (MDBE) 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 MDBE invest in?
UBS Sustainable Development Bank Bonds UCITS ETF hEUR holds 101 securities. Its largest holdings are EBRD 4 1/8 01/25/29 (3.6%), EBRD 4 3/8 03/09/28 (3.5%) and IADB 4 1/2 02/15/30 (2.3%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of MDBE?
UBS Sustainable Development Bank Bonds UCITS ETF hEUR has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.6B.
Is MDBE a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Sustainable Development Bank Bonds UCITS ETF hEUR 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 MDBE pay dividends?
No. UBS Sustainable Development Bank Bonds UCITS ETF hEUR 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 MDBE?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.