London Stock Exchange ETF segment · UCITS ETF
Invest in MSAU ETF from India
Indian and foreign residents can buy Invesco MSCI Saudi Arabia UCITS ETF (MSAU) units directly through Paasa.
By Paasa · Updated
MSAU at a glance
- Price
- $29.11-$0.06 (0.21%)
- Expense ratio
- 0.5%
- Day range
- $28.97 – $29.15
- Assets
- $47.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -7.65%
- 6 months
- -4.47%
- YTD
- +3.40%
- 1 year
- -5.25%
- 5 years
- +0.16%
Price change, excluding dividends.
Top 10 holdings
- 1AL RAJHI BANK ORD16.7%
- 2SAUDI ARABIAN OIL ORD14.2%
- 3THE SAUDI NATIONAL BANK ORD10.8%
- 4SAUDI TELECOM ORD7.7%
- 5SAUDI ARABIAN MINING ORD6.7%
- 6SAUDI BASIC INDUSTRIES ORD3.9%
- 7ACWA POWER CO ORD3.8%
- 8RIYAD BANK ORD3.5%
- 9ALINMA BANK ORD3.2%
- 10SAUDI AWWAL BANK ORD3.0%
These 10 are 73.4% of the fund.
Where the money is invested
Sectors
- Financial Services46.8%
- Energy14.8%
- Basic Materials13.6%
- Communication Services9.8%
- Utilities5.2%
- Healthcare2.3%
Countries
- Saudi Arabia100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| KSAAMEXiShares MSCI Saudi Arabia ETF | 0.75% | 596.5M |
Assets are shown in each fund's own reporting currency.
How to invest in MSAU 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 MSAU and buy
Find the fund by its ticker, MSAU, on the London Stock Exchange ETF segment, and place your order.
Why invest in MSAU from India
What MSAU holds
The Invesco MSCI Saudi Arabia UCITS ETF Acc is designed to mirror the net total return performance of the MSCI Saudi Arabia 20/35 Capped Index (its "Reference Index"), after accounting for fees. The Reference Index itself serves as a benchmark for the Saudi Arabian equity market.
Outside US estate tax
MSAU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
MSAU 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 MSAU's UCITS structure matters for Indian investors
MSAU 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 MSAU from India?
Yes. Indian residents can buy Invesco MSCI Saudi Arabia UCITS ETF (MSAU) through Paasa. It is listed on the London Stock Exchange ETF segment 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 MSAU invest in?
Its largest holdings are AL RAJHI BANK ORD (16.7%), SAUDI ARABIAN OIL ORD (14.2%) and THE SAUDI NATIONAL BANK ORD (10.8%). Financial Services is its largest sector at 46.8%. The fund is domiciled in Ireland.
What is the expense ratio of MSAU?
Invesco MSCI Saudi Arabia UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $47.2M.
Is MSAU a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI Saudi Arabia 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 MSAU?
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.