London Stock Exchange ETF segment · UCITS ETF
Invest in VMID ETF from India
Indian and foreign residents can buy Vanguard FTSE 250 UCITS ETF (VMID) units directly through Paasa.
By Paasa · Updated
VMID at a glance
- Price
- £37.05-£0.01 (0.03%)
- Expense ratio
- 0.1%
- Day range
- £37.01 – £37.37
- Assets
- £2.2B
- Domicile
- Ireland
- Holdings
- 281
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- -3.30%
- 6 months
- +16.09%
- YTD
- +7.85%
- 1 year
- +11.31%
- 5 years
- +3.80%
Price change, excluding dividends.
Top 10 holdings
- 1easyJet PLC1.3%
- 2Balfour Beatty PLC1.3%
- 3WPP PLC1.3%
- 4Rotork PLC1.2%
- 5Rightmove PLC1.2%
- 6Mondi PLC1.2%
- 7RS GROUP PLC1.1%
- 8Man Group PLC/Jersey1.1%
- 9Rosebank Industries PLC1.1%
- 10JPMorgan Global Growth & Income PLC/Fund1.1%
VMID holds 281 securities in total. These 10 are 12.0% of the fund.
Where the money is invested
Sectors
- Industrials21.9%
- Financial Services16.5%
- Consumer Cyclical13.8%
- Technology9.2%
- Real Estate9.1%
- Communication Services7.7%
Countries
- United Kingdom87.5%
- Jersey3.0%
- Guernsey1.9%
- United States1.3%
- South Africa1.1%
- Ireland1.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MIDDLSEiShares FTSE 250 UCITS ETF | 0.4% | 651.9M |
| VMIGLSEVanguard FTSE 250 UCITS ETF (GBP) Accumulating | 0.1% | 2.2B |
| S250LSEInvesco FTSE 250 UCITS ETF | 0.12% | 28.1M |
| HMCXLSEHSBC FTSE 250 UCITS ETF | 0.09% | 59.6M |
| XMCXLSEXtrackers FTSE 250 UCITS ETF 1D | 0.15% | 29.7M |
Assets are shown in each fund's own reporting currency.
How to invest in VMID 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 VMID and buy
Find the fund by its ticker, VMID, on the London Stock Exchange ETF segment, and place your order.
Why invest in VMID from India
What VMID holds
This ETF aims to mirror the returns of the FTSE 250 Index. Its core investment strategy is a passive, index-tracking approach, achieved by directly purchasing and holding the actual shares of the companies that make up the index.
Outside US estate tax
VMID 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 VMID's UCITS structure matters for Indian investors
VMID 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 VMID from India?
Yes. Indian residents can buy Vanguard FTSE 250 UCITS ETF (VMID) 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 VMID invest in?
Vanguard FTSE 250 UCITS ETF holds 281 securities. Its largest holdings are easyJet PLC (1.3%), Balfour Beatty PLC (1.3%) and WPP PLC (1.3%). Industrials is its largest sector at 21.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of VMID?
Vanguard FTSE 250 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 £2.2B.
Is VMID a UCITS ETF, and why does that matter for Indian investors?
Yes. Vanguard FTSE 250 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 VMID dividends taxed in India?
Vanguard FTSE 250 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 VMID?
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.