London Stock Exchange ETF segment · UCITS ETF
Invest in VERG ETF from India
Indian and foreign residents can buy Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation (VERG) units directly through Paasa.
By Paasa · Updated
VERG at a glance
- Price
- £50.28-£0.70 (1.37%)
- Expense ratio
- 0.1%
- Day range
- £50.20 – £50.79
- Assets
- £4.2B
- Domicile
- Ireland
- Holdings
- 446
- Launched
- 2019
- Dividends
- —
- 1 month
- -3.60%
- 6 months
- +5.39%
- YTD
- +5.39%
- 1 year
- +11.29%
- 5 years
- +55.43%
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%
VERG holds 446 securities in total. These 10 are 23.8% of the fund.
Where the money is invested
Sectors
- Financial Services25.9%
- Industrials20.5%
- Healthcare12.7%
- Technology11.5%
- Consumer Cyclical7.2%
- Consumer Defensive6.1%
Countries
- Switzerland18.6%
- Germany17.6%
- France16.9%
- Netherlands12.3%
- Spain7.9%
- Italy6.9%
How to invest in VERG 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 VERG and buy
Find the fund by its ticker, VERG, on the London Stock Exchange ETF segment, and place your order.
Why invest in VERG from India
What VERG holds
This Fund seeks to track the performance of the Index, a widely recognised market- capitalization weighted index of stock market performance of European developed countries, excluding the United Kingdom, that is comprised of the stocks of large and mid capitalisation companies in that region.
Outside US estate tax
VERG 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 VERG's UCITS structure matters for Indian investors
VERG 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 VERG from India?
Yes. Indian residents can buy Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation (VERG) 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 VERG invest in?
Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation 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 25.9%. The fund is domiciled in Ireland.
What is the expense ratio of VERG?
Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about £4.2B.
Is VERG a UCITS ETF, and why does that matter for Indian investors?
Yes. Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation 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 VERG?
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.