London Stock Exchange ETF segment · 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
- $6.74+$0.05 (0.79%)
- Expense ratio
- 0.2%
- Day range
- $6.74 – $6.75
- Assets
- $2.1B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -3.95%
- 6 months
- +11.64%
- YTD
- +8.58%
- 1 year
- +12.76%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1SHELL PLC GBP 0.07000.2%
- 2Strategy Inc USD 0.0010.1%
- 3OKTA INC NPV0.1%
- 4ILLUMINA INC USD0.010.1%
- 5ADVANCED MICRO DEVICES USD0.010.1%
- 6Meta Platforms INC USD0.0000060.1%
- 7BLOOM ENERGY CORP- A USD0.00010.1%
- 8NATERA INC USD0.00010.1%
- 9TWILIO INC - A USD0.0010.1%
- 10CROWDSTRIKE HOLDINGS INC - A NPV0.1%
These 10 are 1.2% of the fund.
Where the money is invested
Countries
- United States38.7%
- Japan14.2%
- Canada6.1%
- United Kingdom5.6%
- Germany3.9%
- France3.8%
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.
Step 3
Search MWEQ and buy
Find the fund by its ticker, MWEQ, on the London Stock Exchange ETF segment, 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.
Hold a dollar asset
MWEQ 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 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 the London Stock Exchange ETF segment 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 MWEQ invest in?
Its largest holdings are SHELL PLC GBP 0.0700 (0.2%), Strategy Inc USD 0.001 (0.1%) and OKTA INC NPV (0.1%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of MWEQ?
Invesco MSCI World Equal Weight UCITS ETF AccumUSD has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.1B.
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 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.