Euronext Amsterdam · UCITS ETF
Invest in METL ETF from India
Indian and foreign residents can buy iShares Essential Metals Producers UCITS ETF (METL) units directly through Paasa.
By Paasa · Updated
METL at a glance
- Price
- $9.85-$0.00 (0.04%)
- Expense ratio
- 0.55%
- Day range
- $9.85 – $9.97
- Assets
- $850.0M
- Domicile
- Ireland
- Holdings
- 124
- Launched
- 2023
- Dividends
- Accumulating
- 1 month
- -12.48%
- 6 months
- +4.41%
- YTD
- +6.79%
- 1 year
- +34.88%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1GRUPO MEXICO B7.4%
- 2FREEPORT MCMORAN INC6.8%
- 3TECK RESOURCES SUBORDINATE VOTING5.6%
- 4ANGLO AMERICAN PLC4.2%
- 5FIRST QUANTUM MINERALS4.1%
- 6RIO TINTO3.9%
- 7VALTERRA PLATINUM LTD3.9%
- 8BHP GROUP LTD3.8%
- 9SOUTHERN COPPER CORP3.3%
- 10ANTOFAGASTA PLC3.2%
METL holds 124 securities in total. These 10 are 46.2% of the fund.
Where the money is invested
Sectors
- Basic Materials99.5%
- Industrials0.4%
- Energy0.1%
- Consumer Cyclical0.0%
Countries
- Canada21.5%
- United States16.9%
- Australia15.6%
- United Kingdom11.4%
- Mexico8.9%
- South Africa7.7%
How to invest in METL 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 METL and buy
Find the fund by its ticker, METL, on Euronext Amsterdam, and place your order.
Why invest in METL from India
What METL holds
Metals Acquisition Limited is a company focused on acquiring and operating metals and mining businesses in stable jurisdictions, targeting assets critical for global electrification and decarbonization. Its primary asset is the CSA Copper Mine in New South Wales, Australia.
Outside US estate tax
METL is domiciled in Ireland, 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 METL'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
METL 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 METL's UCITS structure matters for Indian investors
METL 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 METL from India?
Yes. Indian residents can buy iShares Essential Metals Producers UCITS ETF (METL) through Paasa. It is listed on Euronext Amsterdam 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 METL invest in?
iShares Essential Metals Producers UCITS ETF holds 124 securities. Its largest holdings are GRUPO MEXICO B (7.4%), FREEPORT MCMORAN INC (6.8%) and TECK RESOURCES SUBORDINATE VOTING (5.6%). Industrials is its largest sector at 0.4%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of METL?
iShares Essential Metals Producers UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $850.0M.
Is METL a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Essential Metals Producers 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.
Does METL pay dividends?
No. iShares Essential Metals Producers UCITS ETF 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 METL?
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.