London Stock Exchange ETF segment · ETF
Invest in XGLS ETF from India
Indian and foreign residents can buy Xtrackers Physical Gold ETC (XGLS) units directly through Paasa.
By Paasa · Updated
XGLS at a glance
- Price
- £20.89+£0.19 (0.89%)
- Expense ratio
- 0.69%
- Day range
- £20.79 – £20.93
- Assets
- £43.9M
- Domicile
- the UK
- Holdings
- —
- Launched
- 2011
- Dividends
- —
- 1 month
- -9.08%
- 6 months
- -8.88%
- YTD
- -5.94%
- 1 year
- +6.94%
- 5 years
- +119.76%
Price change, excluding dividends.
Top holding
- 1Physical Gold100.0%
These 1 are 100.0% of the fund.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IGLNLSEiShares Physical Gold ETC | 0.12% | 37.9B |
| SGLDLSEInvesco Physical Gold ETC | 0.12% | 32.9B |
| PHAULSEWisdomTree Physical Gold | 0.39% | 6.1B |
| IGLGLSEiShares Physical Gold ETC | 0.25% | 948.1M |
| GLDDLSEAmundi Physical Gold ETC | 0.12% | 13.5B |
Assets are shown in each fund's own reporting currency.
How to invest in XGLS 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 XGLS and buy
Find the fund by its ticker, XGLS, on the London Stock Exchange ETF segment, and place your order.
Why invest in XGLS from India
What XGLS holds
This exchange-traded commodity allows investors to track the real-time market price of gold. It incorporates a currency hedging strategy to mitigate exchange rate fluctuations against the British Pound (GBP).
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.
Frequently asked questions
Can I buy XGLS from India?
Yes. Indian residents can buy Xtrackers Physical Gold ETC (XGLS) 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 XGLS invest in?
Its largest holding is Physical Gold (100.0%). The fund is domiciled in the UK.
What is the expense ratio of XGLS?
Xtrackers Physical Gold ETC has an expense ratio of 0.69% a year, taken from the fund's assets rather than billed to you. The fund manages about £43.9M.
What tax do I pay in India when I sell XGLS?
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.