London Stock Exchange ETF segment · UCITS ETF
Invest in VERX ETF from India
Indian and foreign residents can buy Vanguard FTSE Developed Europe ex UK UCITS ETF (VERX) units directly through Paasa.
By Paasa · Updated
VERX at a glance
- Price
- £42.33-£0.25 (0.58%)
- Expense ratio
- 0.1%
- Day range
- £42.33 – £42.62
- Assets
- £4.2B
- Domicile
- Ireland
- Holdings
- 446
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- -2.95%
- 6 months
- +10.62%
- YTD
- +5.39%
- 1 year
- +12.93%
- 5 years
- +36.27%
Price change, excluding dividends.
Top 10 holdings
- 1ASML Holding NVASML.AS5.7%
- 2Roche Holding AGROP.SW2.7%
- 3Novartis AGNOVN.SW2.5%
- 4Nestle SANESN.SW2.2%
- 5Siemens AGSIE.DE2.1%
- 6SAP SESAP.DE2.0%
- 7Banco Santander SASAN.MC1.9%
- 8Allianz SEALV.DE1.7%
- 9Schneider Electric SESU.PA1.6%
- 10UBS Group AGUBSG.SW1.5%
VERX 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
- Switzerland19.0%
- France17.4%
- Germany17.2%
- Netherlands12.3%
- Spain7.8%
- Italy6.9%
How to invest in VERX 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 VERX and buy
Find the fund by its ticker, VERX, on the London Stock Exchange ETF segment, and place your order.
Why invest in VERX from India
What VERX holds
Operating under a passive investment philosophy, this fund aims to replicate the performance of the FTSE Developed Europe ex U.K. Index by directly purchasing the underlying securities.
Outside US estate tax
VERX 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 VERX's UCITS structure matters for Indian investors
VERX 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 VERX from India?
Yes. Indian residents can buy Vanguard FTSE Developed Europe ex UK UCITS ETF (VERX) 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 VERX 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 25.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of VERX?
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 £4.2B.
Is VERX 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.
How are VERX dividends taxed in India?
Vanguard FTSE Developed Europe ex UK 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 VERX?
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.