London Stock Exchange ETF segment · UCITS ETF
Invest in MXFS ETF from India
Indian and foreign residents can buy Invesco MSCI Emerging Markets UCITS ETF (MXFS) units directly through Paasa.
By Paasa · Updated
MXFS at a glance
- Price
- $85.35-$0.19 (0.22%)
- Expense ratio
- 0.09%
- Day range
- $85.35 – $86.44
- Assets
- $507.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2010
- Dividends
- —
- 1 month
- -0.83%
- 6 months
- +22.40%
- YTD
- +23.25%
- 1 year
- +29.28%
- 5 years
- +51.69%
Price change, excluding dividends.
Top 10 holdings
- 1TWN SEMICONT MAN ORD15.1%
- 2SAMSUNG ELECTR ORD7.4%
- 3SK HYNIX ORD5.3%
- 4TENCENT ORD2.8%
- 5BABA-W ORD2.1%
- 6MTK ORD1.6%
- 7DELTA ELECTRONIC ORD0.9%
- 8SAMSUNG ELEC PREFERENCE S10.9%
- 9HON HAI IND ORD0.8%
- 10CCB ORD H0.8%
These 10 are 37.7% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services19.5%
- Consumer Cyclical8.2%
- Industrials6.3%
- Basic Materials6.3%
- Communication Services6.1%
Countries
- Taiwan27.3%
- China19.6%
- South Korea18.9%
- India11.8%
- Brazil3.9%
- South Africa2.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EEMAMEXiShares MSCI Emerging Markets ETF | 0.72% | 31.2B |
| IEMGAMEXiShares Core MSCI Emerging Markets ETF | 0.09% | 161.6B |
| XMMELSEXtrackers MSCI Emerging Markets UCITS ETF 1C | 0.18% | 15.3B |
| HMEMLSEHSBC MSCI Emerging Markets UCITS ETF | 0.15% | 6.2B |
| EL40XETRADeka MSCI Emerging Markets UCITS ETF | 0.4% | 300.5M |
Assets are shown in each fund's own reporting currency.
How to invest in MXFS 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 MXFS and buy
Find the fund by its ticker, MXFS, on the London Stock Exchange ETF segment, and place your order.
Why invest in MXFS from India
What MXFS holds
The Invesco MSCI Emerging Markets UCITS ETF (MXFS.L) seeks to replicate the net total return of the MSCI Emerging Markets Index, after accounting for its operational expenses. This benchmark index tracks the performance of large and mid-capitalisation equities across global emerging economies, encompassing approximately 85% of the free float-adjusted market value within each nation.
Outside US estate tax
MXFS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
MXFS 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 MXFS' UCITS structure matters for Indian investors
MXFS 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 MXFS from India?
Yes. Indian residents can buy Invesco MSCI Emerging Markets UCITS ETF (MXFS) 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 MXFS invest in?
Its largest holdings are TWN SEMICONT MAN ORD (15.1%), SAMSUNG ELECTR ORD (7.4%) and SK HYNIX ORD (5.3%). Technology is its largest sector at 41.9%. The fund is domiciled in Ireland.
What is the expense ratio of MXFS?
Invesco MSCI Emerging Markets UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about $507.5M.
Is MXFS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI Emerging Markets 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 MXFS?
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.