London Stock Exchange ETF segment · UCITS ETF
Invest in XAXD ETF from India
Indian and foreign residents can buy Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF (XAXD) units directly through Paasa.
By Paasa · Updated
XAXD at a glance
- Price
- $59.83+$0.25 (0.42%)
- Expense ratio
- 0.65%
- Day range
- $59.77 – $60.01
- Assets
- $357.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -1.95%
- 6 months
- +5.82%
- YTD
- -1.55%
- 1 year
- -3.41%
- 5 years
- +7.02%
Price change, excluding dividends.
Top 10 holdings
- 1ELI LILLY + CO4.7%
- 2MICROSOFT CORP4.4%
- 3CAPITAL ONE FINANCIAL CORP4.1%
- 4UNITED AIRLINES HOLDINGS INC3.9%
- 5LINDE PLC3.7%
- 6CRH PLC3.7%
- 7BLOOM ENERGY CORP A3.4%
- 8AMERICAN EXPRESS CO3.4%
- 9VERTEX PHARMACEUTICALS INC3.2%
- 10HARTFORD INSURANCE GROUP INC3.2%
These 10 are 37.7% of the fund.
Where the money is invested
Sectors
- Technology30.2%
- Industrials18.4%
- Financial Services18.3%
- Healthcare10.6%
- Communication Services5.7%
- Consumer Cyclical4.5%
Countries
- United States66.1%
- Japan27.1%
- Other2.6%
- Germany2.1%
- Bermuda1.1%
- Switzerland0.4%
How to invest in XAXD 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.
Step 3
Search XAXD and buy
Find the fund by its ticker, XAXD, on the London Stock Exchange ETF segment, and place your order.
Why invest in XAXD from India
What XAXD holds
The underlying index for this investment vehicle, the MSCI AC Asia ex Japan Low Carbon SRI Selection Capped Index, is designed to mirror the performance of major and medium-sized corporations across Asian markets, excluding Japan. These companies are specifically selected for their robust environmental, social, and governance (ESG) credentials and their comparatively lower carbon intensity when measured against industry peers.
Outside US estate tax
XAXD is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
XAXD is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 XAXD's UCITS structure matters for Indian investors
XAXD 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 XAXD from India?
Yes. Indian residents can buy Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF (XAXD) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 XAXD invest in?
Its largest holdings are ELI LILLY + CO (4.7%), MICROSOFT CORP (4.4%) and CAPITAL ONE FINANCIAL CORP (4.1%). Technology is its largest sector at 30.2%. The fund is domiciled in Luxembourg.
What is the expense ratio of XAXD?
Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $357.7M.
Is XAXD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 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.
What tax do I pay in India when I sell XAXD?
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 USD/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.