London Stock Exchange ETF segment · UCITS ETF
Invest in XMES ETF from India
Indian and foreign residents can buy Xtrackers MSCI Mexico UCITS ETF (XMES) units directly through Paasa.
By Paasa · Updated
XMES at a glance
- Price
- $8.63-$0.06 (0.70%)
- Expense ratio
- 0.65%
- Day range
- $8.63 – $8.63
- Assets
- $309.6M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2010
- Dividends
- —
- 1 month
- -6.12%
- 6 months
- +0.91%
- YTD
- +3.82%
- 1 year
- +11.32%
- 5 years
- +71.91%
Price change, excluding dividends.
Top 10 holdings
- 1GRUPO MEXICO SAB DE CV SER B18.9%
- 2GRUPO FINANCIERO BANORTE O13.3%
- 3FOMENTO ECONOMICO MEXICA UBD10.2%
- 4AMERICA MOVIL SAB DE C SER B8.4%
- 5CEMEX SAB CPO7.4%
- 6WALMART DE MEXICO SAB DE CV6.4%
- 7INDUSTRIAS PENOLES SAB DE CV4.8%
- 8GRUPO AEROPORT DEL PACIFIC B4.2%
- 9COCA COLA FEMSA SAB DE CV2.9%
- 10ARCA CONTINENTAL SAB DE CV2.9%
These 10 are 79.4% of the fund.
Where the money is invested
Sectors
- Basic Materials32.0%
- Consumer Defensive29.2%
- Financial Services14.9%
- Industrials10.9%
- Communication Services8.3%
- Real Estate4.7%
Countries
- Mexico99.9%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWWAMEXiShares MSCI Mexico ETF | 0.5% | 1.5B |
Assets are shown in each fund's own reporting currency.
How to invest in XMES 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 XMES and buy
Find the fund by its ticker, XMES, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMES from India
What XMES holds
The MSCI Mexico TRN Index aims to mirror the performance of large and mid-sized companies publicly listed in Mexico. This index broadly covers about 85% of the total market value of shares readily available for trading (free-float).
Outside US estate tax
XMES 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
XMES 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 XMES' UCITS structure matters for Indian investors
XMES 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 XMES from India?
Yes. Indian residents can buy Xtrackers MSCI Mexico UCITS ETF (XMES) 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 XMES invest in?
Its largest holdings are GRUPO MEXICO SAB DE CV SER B (18.9%), GRUPO FINANCIERO BANORTE O (13.3%) and FOMENTO ECONOMICO MEXICA UBD (10.2%). Basic Materials is its largest sector at 32.0%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMES?
Xtrackers MSCI Mexico 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 $309.6M.
Is XMES a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Mexico 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 XMES?
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.