XETRA · UCITS ETF
Invest in XMLD ETF from India
Indian and foreign residents can buy L&G Artificial Intelligence UCITS ETF (XMLD) units directly through Paasa.
By Paasa · Updated
XMLD at a glance
- Price
- €38.27+€0.31 (0.80%)
- Expense ratio
- 0.49%
- Day range
- €38.12 – €38.54
- Assets
- €1.9B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- —
- 1 month
- +12.51%
- 6 months
- +66.95%
- YTD
- +57.86%
- 1 year
- +57.15%
- 5 years
- +137.97%
Price change, excluding dividends.
Top 10 holdings
- 1TEMPUS AI INC USD 0.00012.6%
- 2DATADOG INC USD 0.000012.5%
- 3EVERPURE INC USD 0.00012.4%
- 4ADVANCED MICRO DEVICES INC USD 0.012.4%
- 5CLOUDFLARE INC USD 0.0012.4%
- 6GLOBAL UNICHIP CORP TWD 10.02.4%
- 7META PLATFORMS INC USD 0.0000062.4%
- 8MARVELL TECHNOLOGY INC USD 0.0022.2%
- 9PALO ALTO NETWORKS INC USD 0.00012.2%
- 10CROWDSTRIKE HLDGS INC USD 0.00052.2%
These 10 are 23.7% of the fund.
Where the money is invested
Sectors
- Technology73.1%
- Communication Services9.4%
- Consumer Cyclical8.3%
- Healthcare6.6%
- Financial Services1.4%
- Industrials1.2%
Countries
- United States74.7%
- Taiwan6.7%
- Netherlands3.9%
- China3.6%
- Cayman Islands2.2%
- Japan1.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| AIAGLSEL&G Artificial Intelligence UCITS ETF | 0.49% | 1.6B |
| INTLLSEWisdomTree Artificial Intelligence UCITS ETF - USD Acc | 0.4% | 1.1B |
| AIAILSEL&G Artificial Intelligence UCITS ETF | 0.49% | 2.1B |
| WTAILSEWisdomTree Artificial Intelligence UCITS ETF - USD Acc | 0.4% | 1.5B |
| WTI2XETRAWisdomTree Artificial Intelligence UCITS ETF USD Acc | 0.4% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in XMLD 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 XMLD and buy
Find the fund by its ticker, XMLD, on XETRA, and place your order.
Why invest in XMLD from India
What XMLD holds
This L&G Artificial Intelligence UCITS ETF is designed to replicate the investment performance of the ROBO Global Artificial Intelligence Index TR, which serves as its underlying benchmark.
Outside US estate tax
XMLD 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 XMLD's UCITS structure matters for Indian investors
XMLD 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 XMLD from India?
Yes. Indian residents can buy L&G Artificial Intelligence UCITS ETF (XMLD) 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 XMLD invest in?
Its largest holdings are TEMPUS AI INC USD 0.0001 (2.6%), DATADOG INC USD 0.00001 (2.5%) and EVERPURE INC USD 0.0001 (2.4%). Technology is its largest sector at 73.1%. The fund is domiciled in Ireland.
What is the expense ratio of XMLD?
L&G Artificial Intelligence 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 €1.9B.
Is XMLD a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Artificial Intelligence 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 XMLD?
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.