London Stock Exchange ETF segment · UCITS ETF
Invest in XCMC ETF from India
Indian and foreign residents can buy Xtrackers Bloomberg Commodity Swap UCITS ETF (XCMC) units directly through Paasa.
By Paasa · Updated
XCMC at a glance
- Price
- $16.04+$0.11 (0.69%)
- Expense ratio
- 0.12%
- Day range
- $16.04 – $16.04
- Assets
- $800.6M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- +0.77%
- 6 months
- +7.67%
- YTD
- +23.50%
- 1 year
- +32.36%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT7.0%
- 2ALPHABET CLASS C6.1%
- 3ACCENTURE PLC CLASS A4.4%
- 4HONEYWELL INTERNATIONAL INC WHEN I4.0%
- 5NVIDIA4.0%
- 6ADVANCED MICRO DEVICES3.7%
- 7SEAGATE TECHNOLOGY HOLDINGS PLC3.6%
- 8AMAZON COM INC3.4%
- 9FORTINET3.0%
- 10WALMART2.8%
These 10 are 42.1% of the fund.
Where the money is invested
Sectors
- Technology37.4%
- Consumer Cyclical13.1%
- Industrials13.0%
- Communication Services12.1%
- Healthcare8.5%
- Financial Services4.7%
Countries
- United States73.9%
- Ireland9.1%
- Singapore4.2%
- Luxembourg2.1%
- United Kingdom1.8%
- Bermuda1.7%
How to invest in XCMC 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 XCMC and buy
Find the fund by its ticker, XCMC, on the London Stock Exchange ETF segment, and place your order.
Why invest in XCMC from India
What XCMC holds
The Bloomberg Commodity Index Total Return 3 Month Forward is engineered to mirror the market performance of a wide-ranging, diversified collection of commodities. This encompasses over twenty distinct commodity contracts, sourced from six principal sectors: Energy, Precious Metals, Industrial Metals, Grains, Softs, and Livestock.
Outside US estate tax
XCMC 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
XCMC 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 XCMC's UCITS structure matters for Indian investors
XCMC 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 XCMC from India?
Yes. Indian residents can buy Xtrackers Bloomberg Commodity Swap UCITS ETF (XCMC) 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 XCMC invest in?
Its largest holdings are MICROSOFT (7.0%), ALPHABET CLASS C (6.1%) and ACCENTURE PLC CLASS A (4.4%). Technology is its largest sector at 37.4%. The fund is domiciled in Luxembourg.
What is the expense ratio of XCMC?
Xtrackers Bloomberg Commodity Swap UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $800.6M.
Is XCMC a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers Bloomberg Commodity 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 XCMC?
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.