London Stock Exchange ETF segment · UCITS ETF
Invest in MVEW ETF from India
Indian and foreign residents can buy iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF (MVEW) units directly through Paasa.
By Paasa · Updated
MVEW at a glance
- Price
- £6.37-£0.01 (0.13%)
- Expense ratio
- 0.3%
- Day range
- £6.37 – £6.38
- Assets
- £233.9M
- Domicile
- Ireland
- Holdings
- 251
- Launched
- 2020
- Dividends
- Accumulating
- 1 month
- -1.14%
- 6 months
- +7.36%
- YTD
- +5.58%
- 1 year
- +7.91%
- 5 years
- +36.29%
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%
MVEW holds 251 securities in total. These 10 are 13.5% of the fund.
Where the money is invested
Countries
- United States64.5%
- Japan11.2%
- Switzerland2.9%
- Germany2.2%
- Spain2.0%
- Netherlands2.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MVECSIXiShares Edge MSCI World Minimum Volatility Advanced UCITS ETF | 0.35% | 71.3M |
Assets are shown in each fund's own reporting currency.
How to invest in MVEW 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 GBP when you buy.
Step 3
Search MVEW and buy
Find the fund by its ticker, MVEW, on the London Stock Exchange ETF segment, and place your order.
Why invest in MVEW from India
What MVEW holds
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the MSCI World Minimum Volatility Advanced Select Index.
Outside US estate tax
MVEW 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 MVEW's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 MVEW's UCITS structure matters for Indian investors
MVEW 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 MVEW from India?
Yes. Indian residents can buy iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF (MVEW) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 MVEW 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%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of MVEW?
iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about £233.9M.
Is MVEW 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.
Does MVEW pay dividends?
No. iShares Edge MSCI World Minimum Volatility Advanced 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 MVEW?
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 GBP/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.