London Stock Exchange ETF segment · UCITS ETF
Invest in XCS4 ETF from India
Indian and foreign residents can buy Xtrackers MSCI Thailand UCITS ETF (XCS4) units directly through Paasa.
By Paasa · Updated
XCS4 at a glance
- Price
- $27.59-$0.44 (1.55%)
- Expense ratio
- 0.5%
- Day range
- $27.54 – $27.61
- Assets
- $122.5M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2010
- Dividends
- —
- 1 month
- -2.68%
- 6 months
- +2.53%
- YTD
- +17.70%
- 1 year
- +22.95%
- 5 years
- +22.03%
Price change, excluding dividends.
Top 10 holdings
- 1DELTA ELECTRONICS THAI NVDR20.7%
- 2PTT PCL NVDR10.9%
- 3ADVANCED INFO SERVICE NVDR8.6%
- 4AIRPORTS OF THAILAND PC NVDR6.3%
- 5GULF DEVELOPMENT PCL NVDR5.8%
- 6CP ALL PCL NVDR5.8%
- 7BANGKOK DUSIT MED SERVI NVDR5.4%
- 8PTT EXPLOR + PROD PCL NVDR4.9%
- 9SIAM CEMENT PCL NVDR4.9%
- 10KRUNG THAI BANK NVDR3.9%
These 10 are 77.3% of the fund.
Where the money is invested
Sectors
- Industrials31.6%
- Energy16.1%
- Communication Services12.2%
- Financial Services11.2%
- Healthcare8.4%
- Consumer Defensive7.8%
Countries
- Thailand99.8%
- Ireland0.1%
- Other0.1%
- United States0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| THDAMEXiShares MSCI Thailand ETF | 0.59% | 432.3M |
Assets are shown in each fund's own reporting currency.
How to invest in XCS4 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 XCS4 and buy
Find the fund by its ticker, XCS4, on the London Stock Exchange ETF segment, and place your order.
Why invest in XCS4 from India
What XCS4 holds
The MSCI Thailand TRN Index is designed to track the performance of the Thai equity market. It specifically focuses on large and mid-capitalization companies listed in Thailand, aiming to represent approximately 85% of the free-float market capitalization.
Outside US estate tax
XCS4 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
XCS4 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 XCS4's UCITS structure matters for Indian investors
XCS4 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 XCS4 from India?
Yes. Indian residents can buy Xtrackers MSCI Thailand UCITS ETF (XCS4) 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 XCS4 invest in?
Its largest holdings are DELTA ELECTRONICS THAI NVDR (20.7%), PTT PCL NVDR (10.9%) and ADVANCED INFO SERVICE NVDR (8.6%). Industrials is its largest sector at 31.6%. The fund is domiciled in Luxembourg.
What is the expense ratio of XCS4?
Xtrackers MSCI Thailand UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $122.5M.
Is XCS4 a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Thailand 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 XCS4?
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.