London Stock Exchange ETF segment · UCITS ETF
Invest in XDEV ETF from India
Indian and foreign residents can buy Xtrackers MSCI World Value UCITS ETF (XDEV) units directly through Paasa.
By Paasa · Updated
XDEV at a glance
- Price
- £63.44-£0.89 (1.38%)
- Expense ratio
- 0.25%
- Day range
- £63.44 – £64.14
- Assets
- £3.4B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2014
- Dividends
- —
- 1 month
- +1.55%
- 6 months
- +32.83%
- YTD
- +37.52%
- 1 year
- +51.92%
- 5 years
- +125.64%
Price change, excluding dividends.
Top 10 holdings
- 1MICRON TECHNOLOGYMU15.7%
- 2CISCO SYSTEMS INCCSCO2.8%
- 3VERIZON COMMUNICATIONS INCVZ2.1%
- 4AT&TT1.7%
- 5TOYOTA MOTOR7203.T1.6%
- 6QUALCOMMQCOM1.6%
- 7HEWLETT PACKARD ENTERPRISEHPE1.5%
- 8COMCAST CLASS ACMCSA1.2%
- 9SHELLSHEL.L1.2%
- 10PFIZERPFE1.1%
These 10 are 30.6% of the fund.
Where the money is invested
Sectors
- Technology31.8%
- Financial Services15.7%
- Industrials11.3%
- Consumer Cyclical8.8%
- Healthcare8.7%
- Communication Services8.4%
Countries
- United States47.1%
- Japan20.0%
- United Kingdom8.1%
- France5.3%
- Germany4.3%
- Spain1.9%
How to invest in XDEV 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 GBP when you buy.
Step 3
Search XDEV and buy
Find the fund by its ticker, XDEV, on the London Stock Exchange ETF segment, and place your order.
Why invest in XDEV from India
What XDEV holds
This index, known as the MSCI World Enhanced Value Index (USD) (TRN), aims to mirror the market's performance by tracking large and mid-capitalization companies across global developed markets. These companies are specifically selected for their "value" attributes, and their weighting within the index is determined by various value-oriented metrics.
Outside US estate tax
XDEV 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 XDEV's UCITS structure matters for Indian investors
XDEV is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy XDEV from India?
Yes. Indian residents can buy Xtrackers MSCI World Value UCITS ETF (XDEV) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 XDEV invest in?
Its largest holdings are MICRON TECHNOLOGY (15.7%), CISCO SYSTEMS INC (2.8%) and VERIZON COMMUNICATIONS INC (2.1%). Technology is its largest sector at 31.8%. The fund is domiciled in Ireland.
What is the expense ratio of XDEV?
Xtrackers MSCI World Value 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 £3.4B.
Is XDEV a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI World Value 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell XDEV?
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 GBP/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.