NYSE Arca · ETF
Invest in MEMX ETF from India
Indian and foreign residents can buy Matthews Emerging Markets ex China Active ETF MEMX (MEMX) units directly through Paasa.
By Paasa · Updated
MEMX at a glance
- Price
- $48.24-$0.62 (1.26%)
- Expense ratio
- 0.79%
- Day range
- $47.92 – $48.24
- Assets
- $56.7M
- Domicile
- the US
- Holdings
- —
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- +0.27%
- 6 months
- +23.95%
- YTD
- +28.88%
- 1 year
- +39.87%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1SAMSUNG ELECTRONICS CO., LTD.005930.KS9.9%
- 2TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR2330.TW8.9%
- 3TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD.2330.TW5.1%
- 4CASH AND OTHERS4.6%
- 5SK HYNIX, INC.000660.KS4.3%
- 6MEDIATEK, INC.2454.TW3.5%
- 7HON HAI PRECISION INDUSTRY CO., LTD.2317.TW1.9%
- 8SK SQUARE CO., LTD.402340.KS1.9%
- 9ASE TECHNOLOGY HOLDING CO., LTD.3711.TW1.7%
- 10FREEPORT-MCMORAN, INC.0R2O.IL1.7%
These 10 are 43.4% of the fund.
Where the money is invested
Sectors
- Technology44.7%
- Financial Services24.7%
- Consumer Cyclical8.3%
- Industrials8.1%
- Basic Materials4.8%
- Healthcare2.7%
Countries
- South Korea29.7%
- Taiwan28.9%
- India9.8%
- Brazil4.8%
- South Africa4.6%
- Other3.7%
How to invest in MEMX 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 MEMX and buy
Find the fund by its ticker, MEMX, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in MEMX from India
What MEMX holds
The fund's primary goal is typically met by dedicating at least 80% of its total assets (including any borrowed capital used for investment) to the common and preferred shares of businesses operating in emerging market countries, explicitly excluding China. While the portfolio may include holdings in companies from developed nations or China, a key constraint applies: at the moment of acquisition, the fund cannot buy shares in any company based in a developed country or China if its combined exposure to these regions already exceeds 20% of its assets.
Hold a dollar asset
MEMX 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 MEMX 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 MEMX from India?
Yes. Indian residents can buy Matthews Emerging Markets ex China Active ETF MEMX (MEMX) through Paasa. It is listed on NYSE Arca 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 MEMX invest in?
Its largest holdings are SAMSUNG ELECTRONICS CO., LTD. (9.9%), TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. ADR (8.9%) and TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD. (5.1%). Technology is its largest sector at 44.7%. It is a distributing fund domiciled in the US.
What is the expense ratio of MEMX?
Matthews Emerging Markets ex China Active ETF MEMX has an expense ratio of 0.79% a year, taken from the fund's assets rather than billed to you. The fund manages about $56.7M.
How are MEMX dividends taxed in India?
Matthews Emerging Markets ex China Active ETF MEMX is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell MEMX?
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 MEMX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $48.24, and there is no minimum trade size.
What happens to my MEMX 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.