London Stock Exchange ETF segment · UCITS ETF
Invest in XASX ETF from India
Indian and foreign residents can buy Xtrackers MSCI UK ESG UCITS ETF DR - Distribution (XASX) units directly through Paasa.
By Paasa · Updated
XASX at a glance
- Price
- £5.08+£0.02 (0.38%)
- Expense ratio
- 0.18%
- Day range
- £5.08 – £5.09
- Assets
- £728.3M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -2.18%
- 6 months
- +9.88%
- YTD
- +5.33%
- 1 year
- +11.71%
- 5 years
- +31.76%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLCHSBA.L18.3%
- 2UNILEVER PLCULVR.L8.2%
- 3GLAXOSMITHKLINEGSK.L6.1%
- 4RIO TINTORIO.L6.1%
- 5LLOYDS BANKING GROUP PLCLLOY.L5.0%
- 6RELX PLCREL.L3.6%
- 7COMPASS GROUP PLCCPG.L3.0%
- 8LONDON STOCK EXCHANGE GROUP PLCLSEG.L2.9%
- 9RECKITT BENCKISER GROUP PLCRKT.L2.5%
- 10HALEON PLCHLN.L2.4%
These 10 are 58.1% of the fund.
Where the money is invested
Sectors
- Financial Services35.2%
- Consumer Defensive15.0%
- Industrials13.6%
- Healthcare10.1%
- Basic Materials9.3%
- Consumer Cyclical7.6%
Countries
- United Kingdom96.5%
- Ireland2.2%
- Bermuda0.6%
- Jersey0.3%
- South Africa0.3%
- Spain0.1%
How to invest in XASX 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 XASX and buy
Find the fund by its ticker, XASX, on the London Stock Exchange ETF segment, and place your order.
Why invest in XASX from India
What XASX holds
The aim is for your investment to reflect the performance of the MSCI United Kingdom IMI Low Carbon SRI Leaders Select Index
Outside US estate tax
XASX is domiciled in Luxembourg, 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 XASX's UCITS structure matters for Indian investors
XASX is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy XASX from India?
Yes. Indian residents can buy Xtrackers MSCI UK ESG UCITS ETF DR - Distribution (XASX) 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 XASX invest in?
Its largest holdings are HSBC HOLDINGS PLC (18.3%), UNILEVER PLC (8.2%) and GLAXOSMITHKLINE (6.1%). Financial Services is its largest sector at 35.2%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XASX?
Xtrackers MSCI UK ESG UCITS ETF DR - Distribution has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £728.3M.
Is XASX a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI UK ESG UCITS ETF DR - Distribution is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are XASX dividends taxed in India?
Xtrackers MSCI UK ESG UCITS ETF DR - Distribution 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 XASX?
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.