London Stock Exchange ETF segment · UCITS ETF
Invest in XMBD ETF from India
Indian and foreign residents can buy Xtrackers MSCI Brazil UCITS ETF (XMBD) units directly through Paasa.
By Paasa · Updated
XMBD at a glance
- Price
- $68.39-$0.09 (0.13%)
- Expense ratio
- 0.25%
- Day range
- $68.39 – $68.46
- Assets
- $296.6M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- +3.87%
- 6 months
- +1.79%
- YTD
- +16.63%
- 1 year
- +24.78%
- 5 years
- +64.28%
Price change, excluding dividends.
Top 10 holdings
- 1VALEVALE3.SA10.0%
- 2NU HOLDINGS CLASS ANU9.6%
- 3PETROLEO BRASILEIRO PREF SAPETR4.SA8.7%
- 4ITAU UNIBANCO HOLDING PREF SAITUB4.SA8.7%
- 5PETROLEO BRASILEIRO SAPETR3.SA7.7%
- 6BANCO BRADESCO PREFBBDC4.SA3.8%
- 7B3 BRASIL BOLSA BALCAO SAB3SA3.SA3.5%
- 8ITAUSA INVESTIMENTOS ITAU PREF SAITSA4.SA3.2%
- 9BCO BTG PACTUAL UNT SABPAC11.SA2.9%
- 10WEGWEGE3.SA2.9%
These 10 are 61.0% of the fund.
Where the money is invested
Sectors
- Financial Services36.0%
- Energy18.4%
- Basic Materials14.5%
- Industrials11.0%
- Utilities10.8%
- Consumer Defensive3.9%
Countries
- Brazil97.3%
- Cayman Islands1.6%
- Netherlands0.7%
- Other0.1%
- Ireland0.1%
- United States0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWZAMEXiShares MSCI Brazil ETF | 0.59% | 8.8B |
| IDBZLSEiShares MSCI Brazil UCITS ETF USD (Dist) | 0.74% | 533.4M |
Assets are shown in each fund's own reporting currency.
How to invest in XMBD 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 XMBD and buy
Find the fund by its ticker, XMBD, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMBD from India
What XMBD holds
The aim is for your investment to reflect the performance of the MSCI Total Return Net Brazil Index (the Reference Index) which is designed to reflect the performance of the shares of certain companies in Brazil.
Outside US estate tax
XMBD 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
XMBD 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 XMBD's UCITS structure matters for Indian investors
XMBD 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 XMBD from India?
Yes. Indian residents can buy Xtrackers MSCI Brazil UCITS ETF (XMBD) 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 XMBD invest in?
Its largest holdings are VALE (10.0%), NU HOLDINGS CLASS A (9.6%) and PETROLEO BRASILEIRO PREF SA (8.7%). Financial Services is its largest sector at 36.0%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMBD?
Xtrackers MSCI Brazil UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $296.6M.
Is XMBD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Brazil 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 XMBD?
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.