London Stock Exchange ETF segment · UCITS ETF
Invest in XLDX ETF from India
Indian and foreign residents can buy Xtrackers LevDAX Daily Swap UCITS ETF (XLDX) units directly through Paasa.
By Paasa · Updated
XLDX at a glance
- Price
- £237.18-£5.65 (2.33%)
- Expense ratio
- 0.35%
- Day range
- £235.70 – £241.90
- Assets
- £49.3M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2010
- Dividends
- —
- 1 month
- -8.38%
- 6 months
- +9.16%
- YTD
- -4.62%
- 1 year
- -1.74%
- 5 years
- +95.79%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON COM INC8.9%
- 2APPLE8.5%
- 3PROLOGIS REIT8.3%
- 4SUPER MICRO COMPUTER INC5.7%
- 5PPL CORP4.5%
- 6NORTHROP GRUMMAN CORP4.3%
- 7APPLIED MATERIAL INC4.3%
- 8ELI LILLY4.0%
- 9VISA CLASS A3.8%
- 10REGENERON PHARMACEUTICALS3.7%
These 10 are 56.0% of the fund.
Where the money is invested
Sectors
- Industrials22.9%
- Technology22.4%
- Consumer Cyclical19.1%
- Healthcare13.0%
- Financial Services8.4%
- Energy5.9%
Countries
- United States99.8%
- Switzerland0.9%
How to invest in XLDX 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 XLDX and buy
Find the fund by its ticker, XLDX, on the London Stock Exchange ETF segment, and place your order.
Why invest in XLDX from India
What XLDX holds
The fund's objective is to mirror the returns of the LevDAX x2 Daily Total Return Index. This index offers a two-times leveraged daily exposure to a selection of 40 leading German blue-chip companies, all listed in Euros on the FWB Frankfurt Stock Exchange and chosen for their size and liquidity.
Outside US estate tax
XLDX 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 XLDX's UCITS structure matters for Indian investors
XLDX 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 XLDX from India?
Yes. Indian residents can buy Xtrackers LevDAX Daily Swap UCITS ETF (XLDX) 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 XLDX invest in?
Its largest holdings are AMAZON COM INC (8.9%), APPLE (8.5%) and PROLOGIS REIT (8.3%). Industrials is its largest sector at 22.9%. The fund is domiciled in Luxembourg.
What is the expense ratio of XLDX?
Xtrackers LevDAX Daily Swap UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about £49.3M.
Is XLDX a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers LevDAX Daily Swap 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.
What tax do I pay in India when I sell XLDX?
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.