XETRA · UCITS ETF
Invest in XDEP ETF from India
Indian and foreign residents can buy Xtrackers iBoxx Corporate Bond Yield Plus UCITS ETF (XDEP) units directly through Paasa.
By Paasa · Updated
XDEP at a glance
- Price
- €14.62+€0.01 (0.09%)
- Expense ratio
- 0.25%
- Day range
- €14.62 – €14.62
- Assets
- €617.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -2.01%
- 6 months
- -1.82%
- YTD
- -4.88%
- 1 year
- -4.57%
- 5 years
- -12.72%
Price change, excluding dividends.
Top 10 holdings
- 1DEUTSCHE GLOBAL LIQUIDITY SERI0.4%
- 2AMAZON.COM INC0.2%
- 3GOLDMAN SACHS GROUP INC0.2%
- 4VERIZON COMMUNICATIONS0.2%
- 5BANCO SANTANDER SA0.2%
- 6BP CAPITAL MARKETS PLC0.1%
- 7AXA SA0.1%
- 8MORGAN STANLEY0.1%
- 9JPMORGAN CHASE + CO0.1%
- 10MORGAN STANLEY0.1%
These 10 are 1.7% of the fund.
Where the money is invested
Sectors
- Corporate98.1%
- Securitized0.4%
- Government0.3%
Countries
- France20.3%
- United States14.4%
- Netherlands12.1%
- United Kingdom9.3%
- Germany8.9%
- Spain5.6%
How to invest in XDEP 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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search XDEP and buy
Find the fund by its ticker, XDEP, on XETRA, and place your order.
Why invest in XDEP from India
What XDEP holds
This ETF aims to track the Markit iBoxx EUR Corporates Yield Plus Index, an index specifically designed to represent the highest-yielding Euro-denominated corporate bonds. It is a sub-component of the broader Markit iBoxx EUR Corporate 1-10 year index.
Outside US estate tax
XDEP is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 XDEP's UCITS structure matters for Indian investors
XDEP is domiciled in Ireland, 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 XDEP from India?
Yes. Indian residents can buy Xtrackers iBoxx Corporate Bond Yield Plus UCITS ETF (XDEP) through Paasa. It is listed on XETRA and trades in EUR. 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 XDEP invest in?
Its largest holdings are DEUTSCHE GLOBAL LIQUIDITY SERI (0.4%), AMAZON.COM INC (0.2%) and GOLDMAN SACHS GROUP INC (0.2%). Corporate is its largest sector at 98.1%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of XDEP?
Xtrackers iBoxx Corporate Bond Yield Plus UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €617.6M.
Is XDEP a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers iBoxx Corporate Bond Yield Plus UCITS ETF is a UCITS fund domiciled in Ireland. 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 XDEP dividends taxed in India?
Xtrackers iBoxx Corporate Bond Yield Plus 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 XDEP?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the EUR/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.