XETRA · UCITS ETF
Invest in MVEE ETF from India
Indian and foreign residents can buy iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF (MVEE) units directly through Paasa.
By Paasa · Updated
MVEE at a glance
- Price
- €9.66-€0.12 (1.26%)
- Expense ratio
- 0.25%
- Day range
- €9.60 – €9.69
- Assets
- €38.9M
- Domicile
- Ireland
- Holdings
- 135
- Launched
- 2020
- Dividends
- —
- 1 month
- +8.21%
- 6 months
- +12.75%
- YTD
- +19.15%
- 1 year
- +20.79%
- 5 years
- +39.64%
Price change, excluding dividends.
Top 10 holdings
- 1EUR CASH13.7%
- 2KERRY GROUP PLC1.6%
- 3SHELL1.6%
- 4IBERDROLA1.6%
- 5DEUTSCHE BOERSE AG1.5%
- 6NOVARTIS AG1.5%
- 7ENDESA SA1.5%
- 8ZURICH INSURANCE GROUP AG1.5%
- 9EQUINOR1.5%
- 10KUEHNE UND NAGEL INTERNATIONAL AG1.5%
MVEE holds 135 securities in total. These 10 are 27.4% of the fund.
Where the money is invested
Sectors
- Financials20.6%
- Industrials13.8%
- Consumer Staples13.5%
- Health Care12.6%
- Utilities9.8%
- Energy8.2%
Countries
- Switzerland18.1%
- United Kingdom17.9%
- Germany10.7%
- France10.4%
- Spain7.6%
- Netherlands5.2%
How to invest in MVEE 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 EUR when you buy.
Step 3
Search MVEE and buy
Find the fund by its ticker, MVEE, on XETRA, and place your order.
Why invest in MVEE from India
What MVEE holds
This share class represents an interest in a fund aiming to deliver investment returns through a combination of capital growth and income. Its objective is to closely track the performance of its benchmark, the MSCI Europe Minimum Volatility Advanced Select Index.
Outside US estate tax
MVEE 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 MVEE's UCITS structure matters for Indian investors
MVEE 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 MVEE from India?
Yes. Indian residents can buy iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF (MVEE) through Paasa. It is listed on XETRA and trades in EUR. 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 MVEE invest in?
iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF holds 135 securities. Its largest holdings are EUR CASH (13.7%), KERRY GROUP PLC (1.6%) and SHELL (1.6%). Financials is its largest sector at 20.6%. The fund is domiciled in Ireland.
What is the expense ratio of MVEE?
iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €38.9M.
Is MVEE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge MSCI Europe 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 MVEE?
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 EUR/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.