London Stock Exchange ETF segment · UCITS ETF
Invest in XCAD ETF from India
Indian and foreign residents can buy Xtrackers MSCI Canada Screened UCITS ETF (XCAD) units directly through Paasa.
By Paasa · Updated
XCAD at a glance
- Price
- $125.53+$1.14 (0.91%)
- Expense ratio
- 0.35%
- Day range
- $124.79 – $125.53
- Assets
- $1.4B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2010
- Dividends
- —
- 1 month
- -4.66%
- 6 months
- +10.06%
- YTD
- +6.40%
- 1 year
- +15.76%
- 5 years
- +76.72%
Price change, excluding dividends.
Top 10 holdings
- 1ROYAL BANK OF CANADA9.5%
- 2TORONTO DOMINION BANK6.7%
- 3SHOPIFY INC CLASS A6.5%
- 4ENBRIDGE INC6.3%
- 5BANK OF MONTREAL4.0%
- 6BANK OF NOVA SCOTIA3.9%
- 7AGNICO EAGLE MINES LTD3.8%
- 8TC ENERGY CORP3.8%
- 9CAN IMPERIAL BK OF COMMERCE3.5%
- 10CANADIAN PACIFIC KANSAS CITY2.8%
These 10 are 50.8% of the fund.
Where the money is invested
Sectors
- Financial Services40.3%
- Energy16.4%
- Basic Materials14.9%
- Technology10.2%
- Industrials9.8%
- Consumer Defensive3.3%
Countries
- Canada97.5%
- United States2.5%
- Other0.0%
How to invest in XCAD 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 XCAD and buy
Find the fund by its ticker, XCAD, on the London Stock Exchange ETF segment, and place your order.
Why invest in XCAD from India
What XCAD holds
This index seeks to replicate the market performance of major and medium-sized Canadian companies. It employs strict ESG criteria, barring entities that fail to meet specific standards, such as those involved with controversial armaments, possessing an MSCI ESG Rating of 'CCC' or being unrated, or deriving revenue from sectors like tobacco, conventional weapons, nuclear weapons, civilian firearms, thermal coal, unconventional/Arctic oil and gas extraction, and palm oil.
Outside US estate tax
XCAD 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
XCAD 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 XCAD's UCITS structure matters for Indian investors
XCAD 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 XCAD from India?
Yes. Indian residents can buy Xtrackers MSCI Canada Screened UCITS ETF (XCAD) 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 XCAD invest in?
Its largest holdings are ROYAL BANK OF CANADA (9.5%), TORONTO DOMINION BANK (6.7%) and SHOPIFY INC CLASS A (6.5%). Financial Services is its largest sector at 40.3%. The fund is domiciled in Luxembourg.
What is the expense ratio of XCAD?
Xtrackers MSCI Canada Screened 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 $1.4B.
Is XCAD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Canada Screened 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 XCAD?
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.