XETRA · UCITS ETF
Invest in XIEE ETF from India
Indian and foreign residents can buy Xtrackers MSCI Europe UCITS ETF (XIEE) units directly through Paasa.
By Paasa · Updated
XIEE at a glance
- Price
- €90.53+€0.08 (0.09%)
- Expense ratio
- 0.12%
- Day range
- €90.53 – €90.53
- Assets
- €8.4B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -2.34%
- 6 months
- +11.12%
- YTD
- +8.28%
- 1 year
- +14.99%
- 5 years
- +38.57%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV4.9%
- 2HSBC HOLDINGS PLC2.5%
- 3ROCHE HOLDING AG2.2%
- 4SHELL PLC2.0%
- 5NOVARTIS AG REG1.9%
- 6ASTRAZENECA PLC1.8%
- 7NESTLE SA REG1.7%
- 8SIEMENS AG REG1.7%
- 9SAP SE1.5%
- 10BANCO SANTANDER SA1.5%
These 10 are 21.8% of the fund.
Where the money is invested
Sectors
- Financial Services25.5%
- Industrials19.3%
- Healthcare12.9%
- Technology9.3%
- Consumer Defensive7.9%
- Consumer Cyclical6.3%
Countries
- United Kingdom21.6%
- Switzerland15.2%
- Germany13.5%
- France13.3%
- Netherlands10.5%
- Spain6.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEURAMEXiShares Core MSCI Europe ETF | 0.1% | 9.4B |
| SMEALSEiShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | 13.6B |
| ISEULSEiShares Core MSCI Europe UCITS ETF | 0.12% | 12.0B |
| XMEDLSEXtrackers MSCI Europe UCITS ETF 1C | 0.12% | 9.6B |
| DBEUAMEXXtrackers MSCI Europe Hedged Equity ETF | 0.45% | 774.5M |
Assets are shown in each fund's own reporting currency.
How to invest in XIEE 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 XIEE and buy
Find the fund by its ticker, XIEE, on XETRA, and place your order.
Why invest in XIEE from India
What XIEE holds
The MSCI Total Return Net Europe Index is designed to track the performance of a broad market of large and mid-sized companies operating within developed European economies. It captures approximately 85% of the total free-float market capitalization in these regions.
Outside US estate tax
XIEE 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 XIEE's UCITS structure matters for Indian investors
XIEE 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 XIEE from India?
Yes. Indian residents can buy Xtrackers MSCI Europe UCITS ETF (XIEE) 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 XIEE invest in?
Its largest holdings are ASML HOLDING NV (4.9%), HSBC HOLDINGS PLC (2.5%) and ROCHE HOLDING AG (2.2%). Financial Services is its largest sector at 25.5%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XIEE?
Xtrackers MSCI Europe UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about €8.4B.
Is XIEE a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Europe 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 XIEE dividends taxed in India?
Xtrackers MSCI Europe 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 XIEE?
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.