London Stock Exchange ETF segment · UCITS ETF
Invest in MIDD ETF from India
Indian and foreign residents can buy iShares FTSE 250 UCITS ETF (MIDD) units directly through Paasa.
By Paasa · Updated
MIDD at a glance
- Price
- £22.30-£0.33 (1.44%)
- Expense ratio
- 0.4%
- Day range
- £22.30 – £22.57
- Assets
- £651.9M
- Domicile
- Ireland
- Holdings
- 237
- Launched
- 2004
- Dividends
- Distributing
- 1 month
- -3.90%
- 6 months
- +13.99%
- YTD
- +7.08%
- 1 year
- +9.64%
- 5 years
- +3.16%
Price change, excluding dividends.
Top 10 holdings
- 1BALFOUR BEATTY PLC1.4%
- 2WPP PLC1.3%
- 3PERSIMMON PLC1.3%
- 4ROTORK PLC1.3%
- 5MAN GROUP PLC1.2%
- 6RS GROUP PLC1.1%
- 7MONDI PLC1.1%
- 8JPMORGAN GLOBAL GROWTH & INCOME PL1.0%
- 9RIGHTMOVE PLC1.0%
- 10TAYLOR WIMPEY PLC1.0%
MIDD holds 237 securities in total. These 10 are 11.9% of the fund.
Where the money is invested
Countries
- United Kingdom84.5%
- Jersey3.6%
- Guernsey3.5%
- Ireland1.9%
- South Africa1.0%
- Isle of Man0.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VMIDLSEVanguard FTSE 250 UCITS ETF (GBP) Distributing | 0.1% | 2.2B |
| VMIGLSEVanguard FTSE 250 UCITS ETF (GBP) Accumulating | 0.1% | 2.2B |
| S250LSEInvesco FTSE 250 UCITS ETF | 0.12% | 28.1M |
| HMCXLSEHSBC FTSE 250 UCITS ETF | 0.09% | 59.8M |
| XMCXLSEXtrackers FTSE 250 UCITS ETF 1D | 0.15% | 29.8M |
Assets are shown in each fund's own reporting currency.
How to invest in MIDD 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 MIDD and buy
Find the fund by its ticker, MIDD, on the London Stock Exchange ETF segment, and place your order.
Why invest in MIDD from India
What MIDD holds
The Fund's objective is to replicate the investment performance of a specific index. This benchmark comprises 250 UK-based companies, characterized by their medium market capitalization, which are positioned directly beneath the constituents of the FTSE 100 Index.
Outside US estate tax
MIDD 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 MIDD's UCITS structure matters for Indian investors
MIDD 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 MIDD from India?
Yes. Indian residents can buy iShares FTSE 250 UCITS ETF (MIDD) 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 MIDD invest in?
iShares FTSE 250 UCITS ETF holds 237 securities. Its largest holdings are BALFOUR BEATTY PLC (1.4%), WPP PLC (1.3%) and PERSIMMON PLC (1.3%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of MIDD?
iShares FTSE 250 UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about £651.9M.
Is MIDD a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares FTSE 250 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.
How are MIDD dividends taxed in India?
iShares FTSE 250 UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 MIDD?
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.