XETRA · UCITS ETF
Invest in NQSE ETF from India
Indian and foreign residents can buy iShares VII PLC - iShares NASDAQ 100 UCITS ETF (NQSE) units directly through Paasa.
By Paasa · Updated
NQSE at a glance
- Price
- €17.61+€0.06 (0.33%)
- Expense ratio
- 0.33%
- Day range
- €17.57 – €17.61
- Assets
- €1.8B
- Domicile
- Ireland
- Holdings
- 101
- Launched
- 2018
- Dividends
- —
- 1 month
- +2.35%
- 6 months
- +29.42%
- YTD
- +17.35%
- 1 year
- +20.98%
- 5 years
- +85.80%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA8.4%
- 2APPLE7.5%
- 3MICROSOFT5.8%
- 4MICRON TECHNOLOGY5.0%
- 5ADVANCED MICRO DEVICES4.2%
- 6AMAZON.COM INC4.0%
- 7META PLATFORMS CLASS A3.2%
- 8ALPHABET CLASS A3.1%
- 9TESLA INC2.9%
- 10ALPHABET CLASS C2.9%
NQSE holds 101 securities in total. These 10 are 46.9% of the fund.
Where the money is invested
Sectors
- Technology59.7%
- Communication Services12.3%
- Consumer Cyclical10.1%
- Consumer Defensive5.8%
- Industrials5.6%
- Healthcare3.8%
Countries
- United States95.6%
- Netherlands1.3%
- United Kingdom1.1%
- Canada0.9%
- Other0.5%
- Uruguay0.4%
How to invest in NQSE 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 NQSE and buy
Find the fund by its ticker, NQSE, on XETRA, and place your order.
Why invest in NQSE from India
What NQSE holds
This fund's objective is to replicate the returns of an index consisting of the one hundred largest non-financial corporations trading on the NASDAQ Stock Market.
Outside US estate tax
NQSE 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 NQSE's UCITS structure matters for Indian investors
NQSE 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 NQSE from India?
Yes. Indian residents can buy iShares VII PLC - iShares NASDAQ 100 UCITS ETF (NQSE) 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.
What does NQSE invest in?
iShares VII PLC - iShares NASDAQ 100 UCITS ETF holds 101 securities. Its largest holdings are NVIDIA (8.4%), APPLE (7.5%) and MICROSOFT (5.8%). Technology is its largest sector at 59.7%. The fund is domiciled in Ireland.
What is the expense ratio of NQSE?
iShares VII PLC - iShares NASDAQ 100 UCITS ETF has an expense ratio of 0.33% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.8B.
Is NQSE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares VII PLC - iShares NASDAQ 100 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 NQSE?
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.