SIX Swiss Exchange · UCITS ETF
Invest in MVEC ETF from India
Indian and foreign residents can buy iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF (MVEC) units directly through Paasa.
By Paasa · Updated
MVEC at a glance
- Price
- CHF 6.57+CHF 0.01 (0.09%)
- Expense ratio
- 0.35%
- Day range
- CHF 6.56 – CHF 6.57
- Assets
- CHF 71.3M
- Domicile
- Ireland
- Holdings
- 251
- Launched
- 2021
- Dividends
- —
- 1 month
- -2.70%
- 6 months
- +4.59%
- YTD
- +1.20%
- 1 year
- +4.09%
- 5 years
- +20.07%
Price change, excluding dividends.
Top 10 holdings
- 1JOHNSON & JOHNSON1.5%
- 2MICROSOFT1.5%
- 3COCA-COLA1.4%
- 4MOTOROLA SOLUTIONS INC1.4%
- 5CISCO SYSTEMS INC1.3%
- 6TAKEDA PHARMACEUTICAL1.3%
- 7ZURICH INSURANCE GROUP AG1.3%
- 8NVIDIA1.3%
- 9AUTOMATIC DATA PROCESSING INC1.2%
- 10KDDI1.2%
MVEC holds 251 securities in total. These 10 are 13.5% of the fund.
Where the money is invested
Sectors
- Technology25.7%
- Healthcare14.5%
- Financial Services13.3%
- Consumer Defensive9.6%
- Communication Services8.5%
- Industrials8.3%
Countries
- United States64.9%
- Japan11.3%
- Switzerland2.9%
- Germany2.2%
- Spain2.0%
- Netherlands2.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MVEWLSEiShares Edge MSCI World Minimum Volatility Advanced UCITS ETF USD (Acc) | 0.3% | 233.9M |
Assets are shown in each fund's own reporting currency.
How to invest in MVEC 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 CHF when you buy.
Step 3
Search MVEC and buy
Find the fund by its ticker, MVEC, on the SIX Swiss Exchange, and place your order.
Why invest in MVEC from India
What MVEC holds
This particular share class is part of a fund designed to generate investor returns by combining asset appreciation and distributed income. Its primary goal is to mirror the performance of its benchmark index, the MSCI World Minimum Volatility Advanced Select Index.
Outside US estate tax
MVEC 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 MVEC's UCITS structure matters for Indian investors
MVEC 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 MVEC from India?
Yes. Indian residents can buy iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF (MVEC) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. 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 MVEC invest in?
iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF holds 251 securities. Its largest holdings are JOHNSON & JOHNSON (1.5%), MICROSOFT (1.5%) and COCA-COLA (1.4%). Technology is its largest sector at 25.7%. The fund is domiciled in Ireland.
What is the expense ratio of MVEC?
iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 71.3M.
Is MVEC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge MSCI World Minimum Volatility Advanced 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 MVEC?
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 CHF/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.