XETRA · UCITS ETF
Invest in XMLC ETF from India
Indian and foreign residents can buy L&G Clean Water UCITS ETF (XMLC) units directly through Paasa.
By Paasa · Updated
XMLC at a glance
- Price
- €17.83-€0.18 (1.01%)
- Expense ratio
- 0.49%
- Day range
- €17.82 – €18.02
- Assets
- €683.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- —
- 1 month
- -2.21%
- 6 months
- -0.29%
- YTD
- +2.17%
- 1 year
- +1.76%
- 5 years
- +31.38%
Price change, excluding dividends.
Top 10 holdings
- 1METTLER-TOLEDO INTL INC USD 0.012.1%
- 2LANDIS+GYR GROUP AG CHF 10.02.0%
- 3SABESP CIA SPONS ADR REPR 1 COM NPV1.9%
- 4GEORG FISCHER AG CHF 1.01.9%
- 5IDEX CORP USD 0.011.9%
- 6SEVERN TRENT PLC 97.89P1.9%
- 7UNITED UTILITIES GROUP PLC 5P1.9%
- 8NOMURA MICRO SCIENCE CO LTD NPV1.9%
- 9INGEVITY CORP USD 0.011.9%
- 10ORGANO CORP NPV1.9%
These 10 are 19.3% of the fund.
Where the money is invested
Sectors
- Industrials64.5%
- Utilities15.4%
- Basic Materials9.2%
- Technology7.2%
- Healthcare2.0%
- Consumer Defensive1.7%
Countries
- United States57.9%
- Japan12.7%
- United Kingdom11.9%
- Switzerland7.4%
- Finland3.0%
- Brazil1.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GLGGLSEL&G Clean Water UCITS ETF | 0.49% | 583.4M |
| GLUGLSEL&G Clean Water UCITS ETF | 0.49% | 771.5M |
| AQWANASDAQGlobal X - Clean Water ETF | 0.5% | 20.4M |
| AQWALSEGlobal X - Clean Water UCITS ETF | 0.5% | 27.1M |
Assets are shown in each fund's own reporting currency.
How to invest in XMLC 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 XMLC and buy
Find the fund by its ticker, XMLC, on XETRA, and place your order.
Why invest in XMLC from India
What XMLC holds
The L&G Clean Water UCITS ETF is structured to replicate the performance of the Solactive Clean Water Index NTR.
Outside US estate tax
XMLC is domiciled in Ireland, 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 XMLC's UCITS structure matters for Indian investors
XMLC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy XMLC from India?
Yes. Indian residents can buy L&G Clean Water UCITS ETF (XMLC) 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 XMLC invest in?
Its largest holdings are METTLER-TOLEDO INTL INC USD 0.01 (2.1%), LANDIS+GYR GROUP AG CHF 10.0 (2.0%) and SABESP CIA SPONS ADR REPR 1 COM NPV (1.9%). Industrials is its largest sector at 64.5%. The fund is domiciled in Ireland.
What is the expense ratio of XMLC?
L&G Clean Water UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about €683.5M.
Is XMLC a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Clean Water UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell XMLC?
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.