Euronext Amsterdam · UCITS ETF
Invest in UMDV ETF from India
Indian and foreign residents can buy iShares US Medical Devices UCITS ETF (UMDV) units directly through Paasa.
By Paasa · Updated
UMDV at a glance
- Price
- $5.54+$0.05 (0.95%)
- Expense ratio
- 0.25%
- Day range
- $5.54 – $5.55
- Assets
- $235.2M
- Domicile
- Ireland
- Holdings
- 49
- Launched
- 2020
- Dividends
- —
- 1 month
- -4.99%
- 6 months
- -4.52%
- YTD
- -17.99%
- 1 year
- -14.31%
- 5 years
- -15.30%
Price change, excluding dividends.
Top 10 holdings
- 1ABBOTT LABORATORIES17.9%
- 2INTUITIVE SURGICAL15.0%
- 3MEDTRONIC PLC11.7%
- 4STRYKER9.8%
- 5BOSTON SCIENTIFIC CORP6.5%
- 6BECTON DICKINSON5.1%
- 7EDWARDS LIFESCIENCES5.1%
- 8IDEXX LABORATORIES4.3%
- 9DEXCOM INC3.3%
- 10RESMED3.3%
UMDV holds 49 securities in total. These 10 are 82.0% of the fund.
Where the money is invested
Countries
- United States85.5%
- Ireland13.9%
- United Kingdom0.6%
- Other0.0%
How to invest in UMDV 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 UMDV and buy
Find the fund by its ticker, UMDV, on Euronext Amsterdam, and place your order.
Why invest in UMDV from India
What UMDV holds
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Dow Jones U.S. Select Medical Equipment Capped 35/20 Index.
Outside US estate tax
UMDV is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
UMDV 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 UMDV's UCITS structure matters for Indian investors
UMDV 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 UMDV from India?
Yes. Indian residents can buy iShares US Medical Devices UCITS ETF (UMDV) through Paasa. It is listed on Euronext Amsterdam 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 UMDV invest in?
iShares US Medical Devices UCITS ETF holds 49 securities. Its largest holdings are ABBOTT LABORATORIES (17.9%), INTUITIVE SURGICAL (15.0%) and MEDTRONIC PLC (11.7%). The fund is domiciled in Ireland.
What is the expense ratio of UMDV?
iShares US Medical Devices UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $235.2M.
Is UMDV a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares US Medical Devices 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 UMDV?
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.