Euronext Amsterdam · UCITS ETF
Invest in MUSD ETF from India
Indian and foreign residents can buy iShares MSCI USA Swap UCITS ETF (MUSD) units directly through Paasa.
By Paasa · Updated
MUSD at a glance
- Price
- $10.57-$0.06 (0.60%)
- Expense ratio
- 0.05%
- Day range
- $10.55 – $10.62
- Assets
- $7.3B
- Domicile
- Ireland
- Holdings
- 521
- Launched
- 2022
- Dividends
- —
- 1 month
- -1.04%
- 6 months
- +20.46%
- YTD
- +12.04%
- 1 year
- +17.13%
- 5 years
- —
Price change, excluding dividends.
Top 5 holdings
- 1MSCI USA INDEX100.0%
- 2USD CASH0.0%
- 3GBP CASH—
- 4EUR CASH—
- 5CASH COLLATERAL USD JPLSW—
MUSD holds 521 securities in total. These 5 are 100.0% of the fund.
Where the money is invested
Sectors
- Technology38.2%
- Financial Services12.0%
- Communication Services9.4%
- Consumer Cyclical9.4%
- Healthcare9.4%
- Industrials8.1%
Countries
- United States100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XMUDLSEXtrackers MSCI USA Swap UCITS ETF 1C | 0.15% | 8.9B |
Assets are shown in each fund's own reporting currency.
How to invest in MUSD 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 MUSD and buy
Find the fund by its ticker, MUSD, on Euronext Amsterdam, and place your order.
Why invest in MUSD from India
What MUSD holds
The primary objective of this Fund is to deliver financial returns to investors, achieved through both an increase in the value of its holdings (capital appreciation) and the income generated by those assets. Ultimately, it aims to mirror the overall net total return of the MSCI USA Index, which functions as the Fund's official performance benchmark.
Outside US estate tax
MUSD 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
MUSD 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 MUSD's UCITS structure matters for Indian investors
MUSD 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 MUSD from India?
Yes. Indian residents can buy iShares MSCI USA Swap UCITS ETF (MUSD) 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 MUSD invest in?
iShares MSCI USA Swap UCITS ETF holds 521 securities. Its largest holdings are MSCI USA INDEX (100.0%), USD CASH (0.0%) and GBP CASH. Technology is its largest sector at 38.2%. The fund is domiciled in Ireland.
What is the expense ratio of MUSD?
iShares MSCI USA Swap UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about $7.3B.
Is MUSD a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI USA Swap 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 MUSD?
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.