Euronext Amsterdam · UCITS ETF
Invest in MTAV ETF from India
Indian and foreign residents can buy iShares Metaverse UCITS ETF (MTAV) units directly through Paasa.
By Paasa · Updated
MTAV at a glance
- Price
- $12.69+$0.08 (0.60%)
- Expense ratio
- 0.5%
- Day range
- $12.65 – $12.71
- Assets
- $99.3M
- Domicile
- Ireland
- Holdings
- 82
- Launched
- 2022
- Dividends
- Accumulating
- 1 month
- +2.17%
- 6 months
- +27.50%
- YTD
- +9.00%
- 1 year
- +7.25%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA7.6%
- 2INTEL CORPORATION7.5%
- 3META PLATFORMS CLASS A6.8%
- 4LOWES COMPANIES INC5.5%
- 5SHOPIFY SUBORDINATE VOTING CLASS A5.2%
- 6ADVANCED MICRO DEVICES5.2%
- 7COINBASE GLOBAL INC CLASS A4.1%
- 8BANK OF AMERICA2.8%
- 9ROBLOX CLASS A2.6%
- 10MICROSOFT2.5%
MTAV holds 82 securities in total. These 10 are 49.7% of the fund.
Where the money is invested
Sectors
- Technology51.4%
- Communication Services15.6%
- Financial Services15.3%
- Consumer Cyclical10.4%
- Industrials4.3%
- Healthcare2.9%
Countries
- United States79.0%
- Canada5.2%
- Japan4.7%
- China3.1%
- Ireland2.7%
- Korea (the Republic of)1.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FMETNASDAQFidelity Metaverse ETF | 0.39% | 46.4M |
Assets are shown in each fund's own reporting currency.
How to invest in MTAV 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 MTAV and buy
Find the fund by its ticker, MTAV, on Euronext Amsterdam, and place your order.
Why invest in MTAV from India
What MTAV holds
The Fund aims to achieve a return, through a combination of capital growth and income, which reflects the return of the STOXX Global Metaverse Index.
Outside US estate tax
MTAV 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 MTAV'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
MTAV 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 MTAV's UCITS structure matters for Indian investors
MTAV 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 MTAV from India?
Yes. Indian residents can buy iShares Metaverse UCITS ETF (MTAV) 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 MTAV invest in?
iShares Metaverse UCITS ETF holds 82 securities. Its largest holdings are NVIDIA (7.6%), INTEL CORPORATION (7.5%) and META PLATFORMS CLASS A (6.8%). Technology is its largest sector at 51.4%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of MTAV?
iShares Metaverse 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 $99.3M.
Is MTAV a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Metaverse 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 MTAV pay dividends?
No. iShares Metaverse 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 MTAV?
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.