London Stock Exchange ETF segment · UCITS ETF
Invest in XCS7 ETF from India
Indian and foreign residents can buy Xtrackers MSCI China UCITS ETF (XCS7) units directly through Paasa.
By Paasa · Updated
XCS7 at a glance
- Price
- $8.79+$0.07 (0.76%)
- Expense ratio
- 0.28%
- Day range
- $8.79 – $8.79
- Assets
- $1.9B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2010
- Dividends
- Distributing
- 1 month
- -4.91%
- 6 months
- -5.22%
- YTD
- -14.45%
- 1 year
- -20.05%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS LTD14.1%
- 2ALIBABA GROUP HOLDING LTD9.5%
- 3CHINA CONSTRUCTION BANK H4.3%
- 4IND + COMM BK OF CHINA H2.6%
- 5XIAOMI CORP CLASS B2.3%
- 6BANK OF CHINA LTD H2.1%
- 7MEITUAN CLASS B1.9%
- 8NETEASE INC1.7%
- 9PING AN INSURANCE GROUP CO H1.7%
- 10PDD HOLDINGS INC1.7%
These 10 are 41.9% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical22.8%
- Financial Services21.2%
- Communication Services16.3%
- Technology13.0%
- Healthcare6.2%
- Basic Materials5.4%
Countries
- China88.6%
- Hong Kong6.1%
- Ireland1.6%
- Luxembourg1.1%
- Singapore1.0%
- Switzerland0.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MCHINASDAQiShares MSCI China ETF | 0.59% | 6.1B |
| ICHNAMSiShares MSCI China UCITS ETF | 0.28% | 2.5B |
| XCS6LSEXtrackers MSCI China UCITS ETF 1C | 0.65% | 1.9B |
| 2801HKSEiShares Core MSCI China ETF | 0.2% | 12.0B |
| HMCDLSEHSBC MSCI China UCITS ETF | 0.28% | 1.1B |
Assets are shown in each fund's own reporting currency.
How to invest in XCS7 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 XCS7 and buy
Find the fund by its ticker, XCS7, on the London Stock Exchange ETF segment, and place your order.
Why invest in XCS7 from India
What XCS7 holds
The MSCI China TRN Index is designed to measure the performance of large and medium-sized Chinese companies, encompassing a broad range of share classes such as A Shares, H Shares, B Shares, Red Chips, P Chips, and those listed on international exchanges. This comprehensive index captures roughly 85% of the free-float market capitalization within its scope.
Outside US estate tax
XCS7 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
XCS7 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 XCS7's UCITS structure matters for Indian investors
XCS7 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 XCS7 from India?
Yes. Indian residents can buy Xtrackers MSCI China UCITS ETF (XCS7) 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 XCS7 invest in?
Its largest holdings are TENCENT HOLDINGS LTD (14.1%), ALIBABA GROUP HOLDING LTD (9.5%) and CHINA CONSTRUCTION BANK H (4.3%). Consumer Cyclical is its largest sector at 22.8%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XCS7?
Xtrackers MSCI China UCITS ETF has an expense ratio of 0.28% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.9B.
Is XCS7 a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI China 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.
How are XCS7 dividends taxed in India?
Xtrackers MSCI China UCITS ETF 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 XCS7?
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.