XETRA · UCITS ETF
Invest in VERE ETF from India
Indian and foreign residents can buy Vanguard FTSE Developed Europe ex UK UCITS ETF (VERE) units directly through Paasa.
By Paasa · Updated
VERE at a glance
- Price
- €59.01-€0.63 (1.06%)
- Expense ratio
- 0.1%
- Day range
- €58.92 – €59.50
- Assets
- €4.9B
- Domicile
- Ireland
- Holdings
- 446
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -3.02%
- 6 months
- +7.76%
- YTD
- +8.04%
- 1 year
- +13.79%
- 5 years
- +55.86%
Price change, excluding dividends.
Top 10 holdings
- 1ASML Holding NV5.7%
- 2Roche Holding AG2.7%
- 3Novartis AG2.5%
- 4Nestle SA2.2%
- 5Siemens AG2.1%
- 6SAP SE2.0%
- 7Banco Santander SA1.9%
- 8Allianz SE1.7%
- 9Schneider Electric SE1.6%
- 10UBS Group AG1.5%
VERE holds 446 securities in total. These 10 are 23.8% of the fund.
Where the money is invested
Sectors
- Financial Services25.7%
- Industrials19.5%
- Healthcare12.6%
- Technology11.4%
- Consumer Cyclical6.9%
- Consumer Defensive6.3%
Countries
- Switzerland18.6%
- Germany17.6%
- France16.9%
- Netherlands12.3%
- Spain7.9%
- Italy6.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VERXLSEVanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Distributing | 0.1% | 4.2B |
| VERXAMSVanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Distributing | 0.1% | 4.9B |
| VERXXETRAVanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Distributing | 0.1% | 4.9B |
Assets are shown in each fund's own reporting currency.
How to invest in VERE 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 VERE and buy
Find the fund by its ticker, VERE, on XETRA, and place your order.
Why invest in VERE from India
What VERE holds
This ETF follows an indexing strategy, which means it is passively managed. It builds its portfolio by directly buying the constituent securities, with the primary objective of matching the performance of the FTSE Developed Europe ex U.K.
Outside US estate tax
VERE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from VERE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 VERE's UCITS structure matters for Indian investors
VERE 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 VERE from India?
Yes. Indian residents can buy Vanguard FTSE Developed Europe ex UK UCITS ETF (VERE) 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 VERE invest in?
Vanguard FTSE Developed Europe ex UK UCITS ETF holds 446 securities. Its largest holdings are ASML Holding NV (5.7%), Roche Holding AG (2.7%) and Novartis AG (2.5%). Financial Services is its largest sector at 25.7%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of VERE?
Vanguard FTSE Developed Europe ex UK UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about €4.9B.
Is VERE a UCITS ETF, and why does that matter for Indian investors?
Yes. Vanguard FTSE Developed Europe ex UK 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.
Does VERE pay dividends?
No. Vanguard FTSE Developed Europe ex UK UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell VERE?
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.