London Stock Exchange ETF segment · UCITS ETF
Invest in XMAD ETF from India
Indian and foreign residents can buy Xtrackers MSCI EM Asia Screened Swap UCITS ETF (XMAD) units directly through Paasa.
By Paasa · Updated
XMAD at a glance
- Price
- $106.07+$1.23 (1.17%)
- Expense ratio
- 0.65%
- Day range
- $106.07 – $106.54
- Assets
- $769.9M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- +2.21%
- 6 months
- +23.68%
- YTD
- +29.78%
- 1 year
- +36.85%
- 5 years
- +61.41%
Price change, excluding dividends.
Top 10 holdings
- 1SLBSLB.PA4.7%
- 2APPLEAAPL4.7%
- 3T MOBILE US INCTMUS4.1%
- 4CME GROUP CLASS ACME4.1%
- 5PUBLIC SERVICE ENTERPRISE GROUPPEG3.2%
- 6REGENERON PHARMACEUTICALSREGN2.7%
- 7META PLATFORMS CLASS AMETA2.7%
- 8AMAZON COM INCAMZN2.7%
- 9UNITEDHEALTH GROUPUNH2.5%
- 10CATERPILLAR INCCAT2.5%
These 10 are 33.9% of the fund.
Where the money is invested
Sectors
- Technology29.0%
- Healthcare12.9%
- Consumer Cyclical12.8%
- Financial Services11.1%
- Communication Services10.6%
- Industrials9.9%
Countries
- United States82.1%
- Japan16.2%
- Other1.1%
- Ireland0.3%
- Uruguay0.3%
How to invest in XMAD 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 XMAD and buy
Find the fund by its ticker, XMAD, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMAD from India
What XMAD holds
This ETF seeks to replicate the performance of the MSCI Emerging Markets Asia Select Screened Index (NTR, USD). This index is composed of major and medium-sized companies operating in specific Asian emerging markets.
Outside US estate tax
XMAD is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
XMAD 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 XMAD's UCITS structure matters for Indian investors
XMAD 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 XMAD from India?
Yes. Indian residents can buy Xtrackers MSCI EM Asia Screened Swap UCITS ETF (XMAD) 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 XMAD invest in?
Its largest holdings are SLB (4.7%), APPLE (4.7%) and T MOBILE US INC (4.1%). Technology is its largest sector at 29.0%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMAD?
Xtrackers MSCI EM Asia Screened Swap UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $769.9M.
Is XMAD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI EM Asia Screened 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 XMAD?
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.