London Stock Exchange ETF segment · UCITS ETF
Invest in XMCX ETF from India
Indian and foreign residents can buy Xtrackers FTSE 250 UCITS ETF (XMCX) units directly through Paasa.
By Paasa · Updated
XMCX at a glance
- Price
- £23.08+£0.21 (0.92%)
- Expense ratio
- 0.15%
- Day range
- £23.07 – £23.08
- Assets
- £29.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -1.19%
- 6 months
- +17.68%
- YTD
- +9.10%
- 1 year
- +12.43%
- 5 years
- +2.54%
Price change, excluding dividends.
Top 10 holdings
- 1BALFOUR BEATTY PLC1.4%
- 2PERSIMMON PLC1.3%
- 3WPP PLC1.3%
- 4ROTORK PLC1.3%
- 5MAN GROUP PLC/JERSEY1.2%
- 6RS GROUP PLC1.2%
- 7MONDI PLC1.1%
- 8JPMORGAN GLOBAL GROWTH & INCOME PL1.1%
- 9RIGHTMOVE PLC1.0%
- 10TAYLOR WIMPEY PLC1.0%
These 10 are 11.9% of the fund.
Where the money is invested
Sectors
- Industrials22.2%
- Financial Services16.6%
- Consumer Cyclical14.0%
- Technology9.4%
- Real Estate8.8%
- Communication Services7.8%
Countries
- United Kingdom87.3%
- Jersey3.0%
- Guernsey1.9%
- South Africa1.1%
- Ireland1.0%
- Isle of Man0.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MIDDLSEiShares FTSE 250 UCITS ETF | 0.4% | 651.9M |
| VMIDLSEVanguard FTSE 250 UCITS ETF (GBP) Distributing | 0.1% | 2.2B |
| VMIGLSEVanguard FTSE 250 UCITS ETF (GBP) Accumulating | 0.1% | 2.2B |
| S250LSEInvesco FTSE 250 UCITS ETF | 0.12% | 28.1M |
| HMCXLSEHSBC FTSE 250 UCITS ETF | 0.09% | 59.6M |
Assets are shown in each fund's own reporting currency.
How to invest in XMCX 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 XMCX and buy
Find the fund by its ticker, XMCX, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMCX from India
What XMCX holds
This ETF aims to track the performance of the FTSE 250 Total Return Index. This benchmark is composed of 250 prominent British companies, often considered blue-chip, whose shares trade in GBP on the London Stock Exchange.
Outside US estate tax
XMCX 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 XMCX's UCITS structure matters for Indian investors
XMCX 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 XMCX from India?
Yes. Indian residents can buy Xtrackers FTSE 250 UCITS ETF (XMCX) 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 XMCX invest in?
Its largest holdings are BALFOUR BEATTY PLC (1.4%), PERSIMMON PLC (1.3%) and WPP PLC (1.3%). Industrials is its largest sector at 22.2%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XMCX?
Xtrackers FTSE 250 UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about £29.7M.
Is XMCX a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers FTSE 250 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 XMCX dividends taxed in India?
Xtrackers FTSE 250 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 XMCX?
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.