XETRA · UCITS ETF
Invest in XMK9 ETF from India
Indian and foreign residents can buy Xtrackers MSCI Japan UCITS ETF (XMK9) units directly through Paasa.
By Paasa · Updated
XMK9 at a glance
- Price
- €61.20+€0.09 (0.15%)
- Expense ratio
- 0.4%
- Day range
- €60.75 – €61.20
- Assets
- €7.8B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -1.08%
- 6 months
- +18.19%
- YTD
- +21.94%
- 1 year
- +34.54%
- 5 years
- +135.48%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GRO4.7%
- 2TOYOTA MOTOR CORP3.4%
- 3SUMITOMO MITSUI FINANCIAL GR3.0%
- 4TOKYO ELECTRON LTD3.0%
- 5ADVANTEST CORP2.9%
- 6HITACHI LTD2.9%
- 7SOFTBANK GROUP CORP2.8%
- 8RECRUIT HOLDINGS CO LTD2.6%
- 9SONY GROUP CORP2.5%
- 10KIOXIA HOLDINGS CORP2.4%
These 10 are 30.3% of the fund.
Where the money is invested
Sectors
- Industrials23.1%
- Technology20.9%
- Financial Services19.2%
- Consumer Cyclical11.7%
- Communication Services9.3%
- Healthcare5.4%
Countries
- Japan99.7%
- United States0.1%
- Ireland0.1%
- Other0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWJAMEXiShares MSCI Japan ETF | 0.49% | 23.2B |
| LCJDLSEAmundi Core MSCI Japan UCITS ETF Acc | 0.12% | 7.0B |
| XMJDLSEXtrackers MSCI Japan UCITS ETF 1C | 0.12% | 8.9B |
| DBJPAMEXXtrackers MSCI Japan Hedged Equity ETF | 0.45% | 722.8M |
| IJPDLSEiShares MSCI Japan USD Hedged UCITS ETF (Acc) | 0.64% | 624.6M |
Assets are shown in each fund's own reporting currency.
How to invest in XMK9 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 EUR when you buy.
Step 3
Search XMK9 and buy
Find the fund by its ticker, XMK9, on XETRA, and place your order.
Why invest in XMK9 from India
What XMK9 holds
This index, the MSCI Total Return Net Japan Index, is structured to track the investment performance of prominent and mid-sized companies publicly traded in Japan. It represents approximately 85% of the market's available free-float capitalisation, with constituent companies weighted based on their free-float adjusted market value.
Outside US estate tax
XMK9 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 XMK9's UCITS structure matters for Indian investors
XMK9 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 XMK9 from India?
Yes. Indian residents can buy Xtrackers MSCI Japan UCITS ETF (XMK9) through Paasa. It is listed on XETRA and trades in EUR. 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 XMK9 invest in?
Its largest holdings are MITSUBISHI UFJ FINANCIAL GRO (4.7%), TOYOTA MOTOR CORP (3.4%) and SUMITOMO MITSUI FINANCIAL GR (3.0%). Industrials is its largest sector at 23.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMK9?
Xtrackers MSCI Japan UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about €7.8B.
Is XMK9 a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Japan 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 XMK9?
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 EUR/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.