London Stock Exchange ETF segment · UCITS ETF
Invest in XDWM ETF from India
Indian and foreign residents can buy Xtrackers MSCI World Materials UCITS ETF (XDWM) units directly through Paasa.
By Paasa · Updated
XDWM at a glance
- Price
- $77.93+$0.84 (1.09%)
- Expense ratio
- 0.25%
- Day range
- $77.93 – $78.15
- Assets
- $819.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2016
- Dividends
- —
- 1 month
- -7.42%
- 6 months
- +6.59%
- YTD
- +11.06%
- 1 year
- +18.38%
- 5 years
- +48.95%
Price change, excluding dividends.
Top 10 holdings
- 1LINDE PLC7.5%
- 2BHP GROUP LTD7.3%
- 3NEWMONT CORP4.2%
- 4AIR LIQUIDE SA4.1%
- 5FREEPORT MCMORAN INC3.5%
- 6RIO TINTO PLC3.4%
- 7AGNICO EAGLE MINES LTD3.2%
- 8SHERWIN WILLIAMS CO/THE2.6%
- 9ECOLAB INC2.4%
- 10GLENCORE PLC2.3%
These 10 are 40.6% of the fund.
Where the money is invested
Sectors
- Basic Materials94.4%
- Consumer Cyclical4.4%
- Industrials0.7%
- Technology0.4%
Countries
- United States30.1%
- Canada16.5%
- United Kingdom14.1%
- Australia12.0%
- Switzerland7.6%
- Japan6.6%
How to invest in XDWM 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 XDWM and buy
Find the fund by its ticker, XDWM, on the London Stock Exchange ETF segment, and place your order.
Why invest in XDWM from India
What XDWM holds
The MSCI World Materials TRN Index aims to mirror the investment performance of a specific market segment. This segment encompasses major and medium-sized corporations within the Materials sector, classified according to the Global Industry Classification Standard (GICS), across developed economies worldwide.
Outside US estate tax
XDWM is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
XDWM 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 XDWM's UCITS structure matters for Indian investors
XDWM 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 XDWM from India?
Yes. Indian residents can buy Xtrackers MSCI World Materials UCITS ETF (XDWM) 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 XDWM invest in?
Its largest holdings are LINDE PLC (7.5%), BHP GROUP LTD (7.3%) and NEWMONT CORP (4.2%). Basic Materials is its largest sector at 94.4%. The fund is domiciled in Ireland.
What is the expense ratio of XDWM?
Xtrackers MSCI World Materials 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 $819.2M.
Is XDWM a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI World Materials 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 XDWM?
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.