XETRA · UCITS ETF
Invest in NS4E ETF from India
Indian and foreign residents can buy Invesco JPX-Nikkei 400 UCITS ETF (NS4E) units directly through Paasa.
By Paasa · Updated
NS4E at a glance
- Price
- €45.53-€0.27 (0.58%)
- Expense ratio
- 0.19%
- Day range
- €45.53 – €45.92
- Assets
- €191.9M
- Domicile
- Ireland
- Holdings
- 401
- Launched
- 2015
- Dividends
- —
- 1 month
- -3.10%
- 6 months
- +1.55%
- YTD
- +18.59%
- 1 year
- +20.85%
- 5 years
- +130.74%
Price change, excluding dividends.
Top 10 holdings
- 1RECRUIT HOLDINGS ORD2.3%
- 2SONY GROUP CORP ORD1.9%
- 3ITOCHU ORD1.9%
- 4TOKIO MARINE HLD ORD1.8%
- 5TOYOTA MOTOR ORD1.7%
- 6MITSUBISHI ORD1.7%
- 7MITSUI ORD1.7%
- 8HITACHI ORD1.6%
- 9MITSUB UFJ FG ORD1.6%
- 10MIZUHO FINANCIAL ORD1.6%
NS4E holds 401 securities in total. These 10 are 17.9% of the fund.
Where the money is invested
Sectors
- Industrials27.2%
- Technology17.9%
- Financial Services15.1%
- Consumer Cyclical13.0%
- Healthcare6.2%
- Communication Services6.0%
Countries
- Japan100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| JPXNAMEXiShares JPX-Nikkei 400 ETF | 0.48% | 134.0M |
| 1364JPXiShares JPX-Nikkei 400 ETF | 0.05% | 606.5B |
| N400LSEInvesco JPX-Nikkei 400 UCITS ETF | 0.19% | 212.6M |
| N4USLSEInvesco JPX-Nikkei 400 UCITS ETF | 0.19% | 212.4M |
Assets are shown in each fund's own reporting currency.
How to invest in NS4E 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 NS4E and buy
Find the fund by its ticker, NS4E, on XETRA, and place your order.
Why invest in NS4E from India
What NS4E holds
This Invesco ETF seeks to replicate the net total return performance of the JPX-Nikkei 400 EUR Hedged Index, referred to as the "Reference Index," after accounting for associated fees. The reference index offers diversified exposure to 400 companies listed on the Tokyo Stock Exchange, encompassing large-cap, small-cap, growth-oriented, and innovative sectors.
Outside US estate tax
NS4E 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 NS4E's UCITS structure matters for Indian investors
NS4E 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 NS4E from India?
Yes. Indian residents can buy Invesco JPX-Nikkei 400 UCITS ETF (NS4E) 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 NS4E invest in?
Invesco JPX-Nikkei 400 UCITS ETF holds 401 securities. Its largest holdings are RECRUIT HOLDINGS ORD (2.3%), SONY GROUP CORP ORD (1.9%) and ITOCHU ORD (1.9%). Industrials is its largest sector at 27.2%. The fund is domiciled in Ireland.
What is the expense ratio of NS4E?
Invesco JPX-Nikkei 400 UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about €191.9M.
Is NS4E a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco JPX-Nikkei 400 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 NS4E?
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.