London Stock Exchange ETF segment · UCITS ETF
Invest in VMIG ETF from India
Indian and foreign residents can buy Vanguard FTSE 250 UCITS ETF (VMIG) units directly through Paasa.
By Paasa · Updated
VMIG at a glance
- Price
- £46.07+£0.21 (0.46%)
- Expense ratio
- 0.1%
- Day range
- £45.86 – £46.46
- Assets
- £2.2B
- Domicile
- Ireland
- Holdings
- 281
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -2.44%
- 6 months
- +15.46%
- YTD
- +10.27%
- 1 year
- +16.31%
- 5 years
- +19.85%
Price change, excluding dividends.
Top 10 holdings
- 1easyJet PLCEZJ.L1.3%
- 2Balfour Beatty PLCBBY.L1.3%
- 3WPP PLCWPP.L1.3%
- 4Rotork PLCROR.L1.2%
- 5Rightmove PLCRMV.L1.2%
- 6Mondi PLCMNDI.L1.2%
- 7RS GROUP PLCRS1.L1.1%
- 8Man Group PLC/JerseyEMG.L1.1%
- 9Rosebank Industries PLCROSE.L1.1%
- 10JPMorgan Global Growth & Income PLC/FundJGGI.L1.1%
VMIG 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% | 655.2M |
| VMIDLSEVanguard FTSE 250 UCITS ETF (GBP) Distributing | 0.1% | 2.2B |
| S250LSEInvesco FTSE 250 UCITS ETF | 0.12% | 28.3M |
| HMCXLSEHSBC FTSE 250 UCITS ETF | 0.09% | 60.2M |
| XMCXLSEXtrackers FTSE 250 UCITS ETF 1D | 0.15% | 29.8M |
Assets are shown in each fund's own reporting currency.
How to invest in VMIG 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 VMIG and buy
Find the fund by its ticker, VMIG, on the London Stock Exchange ETF segment, and place your order.
Why invest in VMIG from India
What VMIG holds
This Fund implements a passive, index-tracking investment strategy. Its primary objective is to closely mirror the performance of the FTSE 250 Index, which it achieves by directly purchasing and holding the actual securities that constitute the index.
Outside US estate tax
VMIG 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 VMIG'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 VMIG's UCITS structure matters for Indian investors
VMIG 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 VMIG from India?
Yes. Indian residents can buy Vanguard FTSE 250 UCITS ETF (VMIG) 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 VMIG 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 an accumulating fund domiciled in Ireland.
What is the expense ratio of VMIG?
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 VMIG 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.
Does VMIG pay dividends?
No. Vanguard FTSE 250 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 VMIG?
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.