London Stock Exchange ETF segment · UCITS ETF
Invest in UD04 ETF from India
Indian and foreign residents can buy UBS Factor MSCI EMU Quality Screened UCITS ETF dis (UD04) units directly through Paasa.
By Paasa · Updated
UD04 at a glance
- Price
- £23.72-£0.01 (0.04%)
- Expense ratio
- 0.25%
- Day range
- £23.72 – £23.73
- Assets
- £85.0M
- Domicile
- Luxembourg
- Holdings
- 60
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -1.06%
- 6 months
- +8.72%
- YTD
- +3.85%
- 1 year
- +3.79%
- 5 years
- +9.82%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV11.1%
- 2SAP SE5.2%
- 3SCHNEIDER ELECTRIC SE4.6%
- 4ALLIANZ SE-REG4.4%
- 5L'OREAL3.4%
- 6FERRARI NV3.1%
- 7MUENCHENER RUECKVER AG-REG3.0%
- 8INDUSTRIA DE DISENO TEXTIL2.9%
- 9DEUTSCHE BOERSE AG2.8%
- 10MTU AERO ENGINES AG2.8%
UD04 holds 60 securities in total. These 10 are 43.2% of the fund.
Where the money is invested
Sectors
- Technology24.7%
- Financial Services23.0%
- Consumer Defensive14.8%
- Industrials14.3%
- Consumer Cyclical9.4%
- Healthcare5.8%
Countries
- Germany28.0%
- Netherlands21.9%
- France16.8%
- Italy10.1%
- Finland9.3%
- Spain6.7%
How to invest in UD04 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 UD04 and buy
Find the fund by its ticker, UD04, on the London Stock Exchange ETF segment, and place your order.
Why invest in UD04 from India
What UD04 holds
This fund primarily allocates capital to large and mid-sized European companies, specifically those identified within the MSCI EMU Quality Advanced Target Select Index. The proportion of each company held by the fund precisely mirrors its weighting in this benchmark index.
Outside US estate tax
UD04 is domiciled in Luxembourg, 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 UD04's UCITS structure matters for Indian investors
UD04 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 UD04 from India?
Yes. Indian residents can buy UBS Factor MSCI EMU Quality Screened UCITS ETF dis (UD04) 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 UD04 invest in?
UBS Factor MSCI EMU Quality Screened UCITS ETF dis holds 60 securities. Its largest holdings are ASML HOLDING NV (11.1%), SAP SE (5.2%) and SCHNEIDER ELECTRIC SE (4.6%). Technology is its largest sector at 24.7%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UD04?
UBS Factor MSCI EMU Quality Screened UCITS ETF dis has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about £85.0M.
Is UD04 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Factor MSCI EMU Quality Screened UCITS ETF dis 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 UD04 dividends taxed in India?
UBS Factor MSCI EMU Quality Screened UCITS ETF dis 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 UD04?
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.