XETRA · UCITS ETF
Invest in XESD ETF from India
Indian and foreign residents can buy Xtrackers Spain UCITS ETF (XESD) units directly through Paasa.
By Paasa · Updated
XESD at a glance
- Price
- €45.57-€0.20 (0.44%)
- Expense ratio
- 0.3%
- Day range
- €45.57 – €46.14
- Assets
- €505.5M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -2.25%
- 6 months
- +18.27%
- YTD
- +13.64%
- 1 year
- +30.09%
- 5 years
- +124.59%
Price change, excluding dividends.
Top 10 holdings
- 1BANCO SANTANDER SA21.0%
- 2BANCO BILBAO VIZCAYA ARGENTA16.5%
- 3IBERDROLA SA15.3%
- 4INDUSTRIA DE DISENO TEXTIL6.9%
- 5CAIXABANK SA5.4%
- 6REPSOL SA4.1%
- 7ARCELORMITTAL3.1%
- 8FERROVIAL NV2.7%
- 9AMADEUS IT GROUP SA2.6%
- 10AENA SME SA2.2%
These 10 are 79.7% of the fund.
Where the money is invested
Sectors
- Financial Services46.8%
- Utilities19.2%
- Industrials10.5%
- Consumer Cyclical8.0%
- Basic Materials3.5%
- Energy3.5%
Countries
- Spain92.4%
- Luxembourg3.0%
- Netherlands2.7%
- United Kingdom1.8%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XESPXETRAXtrackers Spain UCITS ETF 1C | 0.3% | 505.5M |
Assets are shown in each fund's own reporting currency.
How to invest in XESD 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 XESD and buy
Find the fund by its ticker, XESD, on XETRA, and place your order.
Why invest in XESD from India
What XESD holds
This ETF aims to replicate the performance of the Solactive Spain 40 Index. This index comprises the forty largest and most actively traded blue-chip companies listed on a Spanish stock exchange.
Outside US estate tax
XESD is domiciled in Luxembourg, 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 XESD's UCITS structure matters for Indian investors
XESD 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 XESD from India?
Yes. Indian residents can buy Xtrackers Spain UCITS ETF (XESD) 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 XESD invest in?
Its largest holdings are BANCO SANTANDER SA (21.0%), BANCO BILBAO VIZCAYA ARGENTA (16.5%) and IBERDROLA SA (15.3%). Financial Services is its largest sector at 46.8%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XESD?
Xtrackers Spain 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 €505.5M.
Is XESD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers Spain 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 XESD dividends taxed in India?
Xtrackers Spain 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 XESD?
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 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.