London Stock Exchange ETF segment · UCITS ETF
Invest in MXUK ETF from India
Indian and foreign residents can buy Invesco MSCI Europe ex-UK UCITS ETF (MXUK) units directly through Paasa.
By Paasa · Updated
MXUK at a glance
- Price
- £40.44-£0.20 (0.48%)
- Expense ratio
- 0.2%
- Day range
- £40.44 – £40.69
- Assets
- £61.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- —
- 1 month
- -2.63%
- 6 months
- +12.90%
- YTD
- +7.75%
- 1 year
- +15.30%
- 5 years
- +55.10%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING ORDASML.AS6.2%
- 2ROCHE PS PARROP.SW2.7%
- 3NOVARTIS N ORDNOVN.SW2.4%
- 4NESTLE N ORDNESN.SW2.3%
- 5SIEMENS N ORDSIE.DE2.1%
- 6SAP ORDSAP.DE1.9%
- 7BANCO SANTANDER ORDSAN.MC1.9%
- 8ALLIANZ ORDALV.DE1.7%
- 9SCHNEIDER ELECTRIC SE ORDSU.PA1.7%
- 10TOTALENERGIES ORDTTE.PA1.5%
These 10 are 24.5% of the fund.
Where the money is invested
Sectors
- Financial Services24.8%
- Industrials20.5%
- Healthcare12.8%
- Technology11.6%
- Consumer Cyclical6.9%
- Consumer Defensive6.6%
Countries
- Switzerland19.1%
- France17.7%
- Germany17.6%
- Netherlands13.1%
- Spain7.7%
- Sweden6.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEUXLSEiShares MSCI Europe ex-UK UCITS ETF | 0.4% | 1.3B |
| EUXSLSEiShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) | 0.4% | 176.9M |
Assets are shown in each fund's own reporting currency.
How to invest in MXUK 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 MXUK and buy
Find the fund by its ticker, MXUK, on the London Stock Exchange ETF segment, and place your order.
Why invest in MXUK from India
What MXUK holds
The Invesco MSCI Europe ex-UK UCITS ETF Acc's primary goal is to replicate the net total return performance of its benchmark, the MSCI Europe ex-UK Index (referred to as the 'Reference Index'), with its own fees deducted. This Reference Index serves to gauge the equity market's performance across developed European nations, specifically excluding the United Kingdom.
Outside US estate tax
MXUK is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 MXUK's UCITS structure matters for Indian investors
MXUK 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 MXUK from India?
Yes. Indian residents can buy Invesco MSCI Europe ex-UK UCITS ETF (MXUK) 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 MXUK invest in?
Its largest holdings are ASML HOLDING ORD (6.2%), ROCHE PS PAR (2.7%) and NOVARTIS N ORD (2.4%). Financial Services is its largest sector at 24.8%. The fund is domiciled in Ireland.
What is the expense ratio of MXUK?
Invesco MSCI Europe ex-UK UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £61.0M.
Is MXUK a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI Europe ex-UK 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 MXUK?
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.