XETRA · UCITS ETF
Invest in MWEQ ETF from India
Indian and foreign residents can buy Invesco MSCI World Equal Weight UCITS ETF AccumUSD (MWEQ) units directly through Paasa.
By Paasa · Updated
MWEQ at a glance
- Price
- €6.13-€0.01 (0.21%)
- Expense ratio
- —
- Day range
- €6.10 – €6.13
- Assets
- —
- Domicile
- Ireland
- Holdings
- —
- Launched
- —
- Dividends
- Accumulating
- 1 month
- +3.20%
- 6 months
- +10.65%
- YTD
- +16.10%
- 1 year
- +18.11%
- 5 years
- —
Price change, excluding dividends.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MWEQLSEInvesco MSCI World Equal Weight UCITS ETF Acc AccumUSD | 0.2% | 2.2B |
Assets are shown in each fund's own reporting currency.
How to invest in MWEQ 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 MWEQ and buy
Find the fund by its ticker, MWEQ, on XETRA, and place your order.
Why invest in MWEQ from India
What MWEQ holds
The investment objective of the Fund is to provide exposure to the performance of large and mid-capitalisation companies in global developed markets that are equally weighted
Outside US estate tax
MWEQ 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 MWEQ'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 MWEQ's UCITS structure matters for Indian investors
MWEQ 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 MWEQ from India?
Yes. Indian residents can buy Invesco MSCI World Equal Weight UCITS ETF AccumUSD (MWEQ) 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.
Is MWEQ a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI World Equal Weight UCITS ETF AccumUSD 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 MWEQ pay dividends?
No. Invesco MSCI World Equal Weight UCITS ETF AccumUSD 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 MWEQ?
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.