XETRA · UCITS ETF
Invest in XAIX ETF from India
Indian and foreign residents can buy Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX) units directly through Paasa.
By Paasa · Updated
XAIX at a glance
- Price
- €220.30+€2.10 (0.96%)
- Expense ratio
- 0.35%
- Day range
- €217.30 – €220.35
- Assets
- €8.4B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- —
- 1 month
- +5.51%
- 6 months
- +53.22%
- YTD
- +41.62%
- 1 year
- +48.47%
- 5 years
- +173.09%
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORP5.8%
- 2META PLATFORMS INC CLASS A5.4%
- 3APPLE INC4.9%
- 4NVIDIA CORP4.8%
- 5ADVANCED MICRO DEVICES4.4%
- 6AMAZON.COM INC4.4%
- 7WALMART INC4.0%
- 8ALPHABET INC CL A4.0%
- 9SAMSUNG ELECTRONICS CO LTD3.9%
- 10MICRON TECHNOLOGY INC3.8%
These 10 are 45.4% of the fund.
Where the money is invested
Sectors
- Technology72.4%
- Communication Services12.5%
- Consumer Cyclical7.5%
- Consumer Defensive4.0%
- Financial Services3.6%
Countries
- United States83.0%
- Korea (the Republic of)7.3%
- China4.0%
- Germany2.1%
- Taiwan (Province of China)1.1%
- Ireland0.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XAIXNASDAQXtrackers Artificial Intelligence and Big Data ETF | 0.35% | 164.8M |
Assets are shown in each fund's own reporting currency.
How to invest in XAIX 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 XAIX and buy
Find the fund by its ticker, XAIX, on XETRA, and place your order.
Why invest in XAIX from India
What XAIX holds
This ETF aims to mirror the performance of the Nasdaq Global Artificial Intelligence and Big Data Total Net Return Index. This index comprises up to 100 large, mid, and small-capitalization companies operating in developed and emerging markets globally.
Outside US estate tax
XAIX 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 XAIX's UCITS structure matters for Indian investors
XAIX 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 XAIX from India?
Yes. Indian residents can buy Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX) 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 XAIX invest in?
Its largest holdings are MICROSOFT CORP (5.8%), META PLATFORMS INC CLASS A (5.4%) and APPLE INC (4.9%). Technology is its largest sector at 72.4%. The fund is domiciled in Ireland.
What is the expense ratio of XAIX?
Xtrackers Artificial Intelligence & Big Data UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about €8.4B.
Is XAIX a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers Artificial Intelligence & Big Data 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 XAIX?
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.