XETRA · UCITS ETF
Invest in XAAG ETF from India
Indian and foreign residents can buy Invesco Bloomberg Commodity ex-Agriculture UCITS ETF (XAAG) units directly through Paasa.
By Paasa · Updated
XAAG at a glance
- Price
- €42.14-€0.01 (0.01%)
- Expense ratio
- 0.19%
- Day range
- €42.02 – €42.14
- Assets
- €552.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- —
- 1 month
- +4.02%
- 6 months
- +5.43%
- YTD
- +30.59%
- 1 year
- +46.47%
- 5 years
- +73.56%
Price change, excluding dividends.
Top 10 holdings
- 1Commodities Exchange Centre (CEC) Gold Electronic Commodity Future19.1%
- 2NYMEX New York Mercantile Exchange Henry Hub Natural Gas Electronic Energy Future12.1%
- 3Commodities Exchange Centre (CEC) Copper Electronic Commodity Future11.7%
- 4Intercontinental Exchange Europe Brent Crude Electronic Energy Future10.4%
- 5NYMEX New York Mercantile Exchange Light Sweet Crude Oil (WTI) Electronic Energy Future9.9%
- 6LME London Metal Exchange Aluminium USD Monthly Pit Commodity Future8.3%
- 7Commodities Exchange Centre (CEC) Silver Electronic Commodity Future6.8%
- 8Intercontinental Exchange Europe Low Sulphur Gasoil Energy Future4.7%
- 9LME London Metal Exchange Nickel Monthly Pit Commodity Future4.4%
- 10LME London Metal Exchange Zinc Monthly Pit Commodity Future4.4%
These 10 are 91.8% of the fund.
Where the money is invested
Countries
- Other66.2%
- United Kingdom33.8%
How to invest in XAAG 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 XAAG and buy
Find the fund by its ticker, XAAG, on XETRA, and place your order.
Why invest in XAAG from India
What XAAG holds
This Invesco ETF seeks to replicate the overall return of its benchmark, the Bloomberg ex-Agriculture and Livestock 20/30 Capped Index, after accounting for associated expenses. The underlying index serves as a highly liquid and broad measure for commodities, specifically excluding agricultural and livestock products.
Outside US estate tax
XAAG 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 XAAG's UCITS structure matters for Indian investors
XAAG 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 XAAG from India?
Yes. Indian residents can buy Invesco Bloomberg Commodity ex-Agriculture UCITS ETF (XAAG) 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 XAAG invest in?
Its largest holdings are Commodities Exchange Centre (CEC) Gold Electronic Commodity Future (19.1%), NYMEX New York Mercantile Exchange Henry Hub Natural Gas Electronic Energy Future (12.1%) and Commodities Exchange Centre (CEC) Copper Electronic Commodity Future (11.7%). The fund is domiciled in Ireland.
What is the expense ratio of XAAG?
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about €552.6M.
Is XAAG a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Bloomberg Commodity ex-Agriculture 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.
What tax do I pay in India when I sell XAAG?
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.