London Stock Exchange ETF segment · UCITS ETF
Invest in PSRM ETF from India
Indian and foreign residents can buy Invesco RAFI Emerging Markets Fundamental Value UCITS ETF (PSRM) units directly through Paasa.
By Paasa · Updated
PSRM at a glance
- Price
- £10.08-£0.03 (0.25%)
- Expense ratio
- 0.49%
- Day range
- £10.06 – £10.17
- Assets
- £77.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -0.20%
- 6 months
- +16.98%
- YTD
- +18.83%
- 1 year
- +23.70%
- 5 years
- +43.90%
Price change, excluding dividends.
Top 10 holdings
- 1SAMSUNG ELECTRONICS CO LTD KRW1008.0%
- 2TAIWAN SEMICONDUCTOR MANUFAC TWD104.0%
- 3PETROBRAS - PETROLEO BRAS-PR BRL NPV PFD3.0%
- 4ALIBABA GROUP HOLDING LTD HKD 0.00002.2%
- 5HON HAI PRECISION INDUSTRY TWD101.8%
- 6TENCENT HOLDINGS LTD HKD0.000021.6%
- 7SK HYNIX INC KRW50001.5%
- 8MEDIATEK INC TWD101.4%
- 9VALE SA NPV1.3%
- 10CHINA CONSTRUCTION BANK-H CNY11.3%
These 10 are 26.2% of the fund.
Where the money is invested
Sectors
- Technology29.0%
- Financial Services22.4%
- Basic Materials10.0%
- Consumer Cyclical9.7%
- Energy8.8%
- Industrials7.0%
Countries
- China23.4%
- South Korea20.8%
- Taiwan18.6%
- India8.8%
- Brazil8.1%
- South Africa3.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| 6PSKXETRAInvesco RAFI Emerging Markets Fundamental Value UCITS ETF | 0.49% | 90.1M |
Assets are shown in each fund's own reporting currency.
How to invest in PSRM 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 PSRM and buy
Find the fund by its ticker, PSRM, on the London Stock Exchange ETF segment, and place your order.
Why invest in PSRM from India
What PSRM holds
The Invesco FTSE RAFI Emerging Markets UCITS ETF Dist aims to replicate the net total return of the FTSE RAFI Emerging Markets Index, after accounting for all fees. Income is distributed to investors on a quarterly basis.
Outside US estate tax
PSRM 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 PSRM's UCITS structure matters for Indian investors
PSRM 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 PSRM from India?
Yes. Indian residents can buy Invesco RAFI Emerging Markets Fundamental Value UCITS ETF (PSRM) 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 PSRM invest in?
Its largest holdings are SAMSUNG ELECTRONICS CO LTD KRW100 (8.0%), TAIWAN SEMICONDUCTOR MANUFAC TWD10 (4.0%) and PETROBRAS - PETROLEO BRAS-PR BRL NPV PFD (3.0%). Technology is its largest sector at 29.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of PSRM?
Invesco RAFI Emerging Markets Fundamental Value UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about £77.0M.
Is PSRM a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco RAFI Emerging Markets Fundamental Value 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 PSRM dividends taxed in India?
Invesco RAFI Emerging Markets Fundamental Value 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 PSRM?
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.