London Stock Exchange ETF segment · UCITS ETF
Invest in MXUD ETF from India
Indian and foreign residents can buy Invesco MSCI USA UCITS ETF (MXUD) units directly through Paasa.
By Paasa · Updated
MXUD at a glance
- Price
- $103.36+$0.80 (0.78%)
- Expense ratio
- 0.05%
- Day range
- $102.68 – $103.36
- Assets
- $10.5B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -0.80%
- 6 months
- +20.80%
- YTD
- +11.40%
- 1 year
- +15.52%
- 5 years
- +72.73%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA ORD7.8%
- 2APPLE ORD6.7%
- 3MICROSOFT ORD5.2%
- 4AMAZON COM ORD3.8%
- 5ALPHABET CL A ORD3.0%
- 6BROADCOM ORD2.6%
- 7ALPHABET CL C ORD2.4%
- 8META PLATFORMS CL A ORD1.9%
- 9MICRON TECHNOLOGY ORD1.6%
- 10JPMORGAN CHASE ORD1.5%
These 10 are 36.5% of the fund.
Where the money is invested
Countries
- United States96.4%
- Other1.2%
- Ireland1.2%
- United Kingdom0.4%
- Switzerland0.3%
- Uruguay0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CSUSLSEiShares MSCI USA UCITS ETF | 0.03% | 5.2B |
| XD9ULSEXtrackers MSCI USA UCITS ETF 1C | 0.03% | 15.1B |
| MXUSLSEInvesco MSCI USA UCITS ETF | 0.05% | 10.6B |
| XD9CSIXXtrackers MSCI USA UCITS ETF 3C - CHF Hedged | 0.08% | 12.6B |
| XD9EXETRAXtrackers MSCI USA UCITS ETF 2C - EUR Hedged | 0.08% | 13.3B |
Assets are shown in each fund's own reporting currency.
How to invest in MXUD 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 MXUD and buy
Find the fund by its ticker, MXUD, on the London Stock Exchange ETF segment, and place your order.
Why invest in MXUD from India
What MXUD holds
The Invesco MSCI USA UCITS ETF Dist aims to replicate the net total return of the MSCI USA Index, after accounting for management fees, distributing dividends on a quarterly basis. The Reference Index serves to measure the performance of the US equity market, including a broad spectrum of large and mid-capitalization companies, representing approximately 85% of the US market's free-float adjusted value.
Outside US estate tax
MXUD 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
MXUD 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 MXUD's UCITS structure matters for Indian investors
MXUD 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 MXUD from India?
Yes. Indian residents can buy Invesco MSCI USA UCITS ETF (MXUD) 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 MXUD invest in?
Its largest holdings are NVIDIA ORD (7.8%), APPLE ORD (6.7%) and MICROSOFT ORD (5.2%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of MXUD?
Invesco MSCI USA UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about $10.5B.
Is MXUD a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI USA 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.
How are MXUD dividends taxed in India?
Invesco MSCI USA UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell MXUD?
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.