London Stock Exchange ETF segment · UCITS ETF
Invest in PAXJ ETF from India
Indian and foreign residents can buy Amundi MSCI Pacific Ex Japan UCITS ETF (PAXJ) units directly through Paasa.
By Paasa · Updated
PAXJ at a glance
- Price
- $122.70-$0.34 (0.28%)
- Expense ratio
- 0.12%
- Day range
- $122.70 – $123.68
- Assets
- $643.0M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -5.86%
- 6 months
- +5.12%
- YTD
- +9.51%
- 1 year
- +8.91%
- 5 years
- +14.52%
Price change, excluding dividends.
Top 10 holdings
- 1BHP GROUP LTDBHP.AX9.9%
- 2COMMONWEALTH BANK OF AUSTRALIACBA.AX7.9%
- 3DBS GROUP HOLDINGS LTDD05.SI5.6%
- 4AIA GROUP LTD1299.HK4.4%
- 5NATIONAL AUSTRALIA BANK LTDNAB.AX3.8%
- 6WESTPAC BANKING CORPWBC.AX3.7%
- 7OVERSEA-CHINESE BANKING CORPO39.SI3.6%
- 8ANZ GROUP HOLDINGS LTDANZ.AX3.6%
- 9MACQUARIE GROUPMQG.AX2.8%
- 10HONG KONG EXCHANGES & CLEAR0388.HK2.7%
These 10 are 47.9% of the fund.
Where the money is invested
Sectors
- Financial Services44.9%
- Basic Materials16.6%
- Industrials8.4%
- Real Estate6.7%
- Consumer Cyclical6.4%
- Healthcare4.5%
Countries
- Australia61.6%
- Singapore17.4%
- Hong Kong16.5%
- New Zealand2.1%
- Other0.9%
- Bermuda0.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EPPAMEXiShares MSCI Pacific ex Japan ETF | 0.47% | 2.3B |
| CPXJLSEiShares Core MSCI Pacific ex-Japan UCITS ETF | 0.2% | 4.1B |
| IPXJLSEiShares MSCI Pacific ex-Japan UCITS ETF (Dist) USD | 0.6% | 203.7M |
| HMXDLSEHSBC MSCI PACIFIC ex JAPAN UCITS ETF | 0.15% | 1.4B |
Assets are shown in each fund's own reporting currency.
How to invest in PAXJ 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 PAXJ and buy
Find the fund by its ticker, PAXJ, on the London Stock Exchange ETF segment, and place your order.
Why invest in PAXJ from India
What PAXJ holds
This Amundi MSCI Pacific Ex Japan UCITS ETF - Dist is an exchange-traded fund (ETF) that adheres to UCITS regulations. Its primary objective is to replicate the performance of the MSCI Pacific ex Japan Net Return USD Index.
Outside US estate tax
PAXJ is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
PAXJ 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 PAXJ's UCITS structure matters for Indian investors
PAXJ is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy PAXJ from India?
Yes. Indian residents can buy Amundi MSCI Pacific Ex Japan UCITS ETF (PAXJ) 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 PAXJ invest in?
Its largest holdings are BHP GROUP LTD (9.9%), COMMONWEALTH BANK OF AUSTRALIA (7.9%) and DBS GROUP HOLDINGS LTD (5.6%). Financial Services is its largest sector at 44.9%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of PAXJ?
Amundi MSCI Pacific Ex Japan UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $643.0M.
Is PAXJ a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Pacific Ex Japan UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are PAXJ dividends taxed in India?
Amundi MSCI Pacific Ex Japan 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 PAXJ?
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.