London Stock Exchange ETF segment · UCITS ETF
Invest in XDN0 ETF from India
Indian and foreign residents can buy Xtrackers MSCI Nordic UCITS ETF (XDN0) units directly through Paasa.
By Paasa · Updated
XDN0 at a glance
- Price
- £45.57+£0.15 (0.32%)
- Expense ratio
- 0.3%
- Day range
- £45.57 – £45.57
- Assets
- £961.8M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -3.27%
- 6 months
- +8.01%
- YTD
- +3.98%
- 1 year
- +10.75%
- 5 years
- +8.86%
Price change, excluding dividends.
Top 10 holdings
- 1NOVO NORDISK CLASS BNOVO-B.CO8.4%
- 2SPOTIFY TECHNOLOGY639.DE5.1%
- 3INVESTOR CLASS BINVE-B.ST4.8%
- 4NORDEA BANKNDA-FI.HE4.2%
- 5NOKIANOKIA.HE3.5%
- 6ATLAS COPCO CLASS AATCO-A.ST3.5%
- 7VOLVO CLASS BVOLV-B.ST3.4%
- 8SANDVIKSAND.ST2.7%
- 9DSVDSV.CO2.4%
- 10DANSKE BANKDANSKE.CO2.4%
These 10 are 40.4% of the fund.
Where the money is invested
Sectors
- Industrials33.1%
- Financial Services22.9%
- Healthcare12.6%
- Communication Services7.9%
- Technology6.6%
- Basic Materials5.4%
Countries
- Sweden49.1%
- Denmark22.7%
- Finland17.6%
- Norway9.3%
- Luxembourg0.6%
- Other0.5%
How to invest in XDN0 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 XDN0 and buy
Find the fund by its ticker, XDN0, on the London Stock Exchange ETF segment, and place your order.
Why invest in XDN0 from India
What XDN0 holds
The Xtrackers MSCI Nordic UCITS ETF 1D is constructed to replicate the financial performance of the MSCI Nordic Countries Index. This benchmark is specifically designed to mirror the returns generated by major and intermediate-sized companies based in the advanced economies of the Nordic region.
Outside US estate tax
XDN0 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 XDN0's UCITS structure matters for Indian investors
XDN0 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 XDN0 from India?
Yes. Indian residents can buy Xtrackers MSCI Nordic UCITS ETF (XDN0) 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 XDN0 invest in?
Its largest holdings are NOVO NORDISK CLASS B (8.4%), SPOTIFY TECHNOLOGY (5.1%) and INVESTOR CLASS B (4.8%). Industrials is its largest sector at 33.1%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of XDN0?
Xtrackers MSCI Nordic UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about £961.8M.
Is XDN0 a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Nordic 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.
How are XDN0 dividends taxed in India?
Xtrackers MSCI Nordic 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 XDN0?
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.