London Stock Exchange ETF segment · UCITS ETF
Invest in XMMD ETF from India
Indian and foreign residents can buy Xtrackers MSCI Emerging Markets Swap UCITS ETF (XMMD) units directly through Paasa.
By Paasa · Updated
XMMD at a glance
- Price
- $84.32-$1.20 (1.40%)
- Expense ratio
- 0.49%
- Day range
- $84.32 – $84.93
- Assets
- $1.3B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -1.20%
- 6 months
- +21.76%
- YTD
- +22.67%
- 1 year
- +30.30%
- 5 years
- +52.06%
Price change, excluding dividends.
Top 10 holdings
- 1APPLEAAPL6.9%
- 2AMAZON COM INCAMZN5.8%
- 3MICROSOFTMSFT5.5%
- 4NVIDIANVDA4.1%
- 5LINDE PLCLIN.DE3.5%
- 6MICRON TECHNOLOGYMU3.0%
- 7PALO ALTO NETWORKSPANW2.7%
- 8SPACE EXPLORATION TECHNOLOGIES CORSPCX2.7%
- 9MARVELL TECHNOLOGYMRVL2.5%
- 10WALMARTWMT2.2%
These 10 are 39.1% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services19.5%
- Consumer Cyclical8.2%
- Industrials6.3%
- Basic Materials6.3%
- Communication Services6.1%
Countries
- United States80.2%
- United Kingdom5.6%
- Ireland3.1%
- Norway3.0%
- Sweden1.9%
- Switzerland1.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| LEMALSEAmundi Core MSCI Emerging Markets Swap UCITS ETF Acc | 0.14% | 12.4B |
| AMEMXETRAAmundi MSCI Emerging Markets Swap UCITS ETF EUR Acc | 0.2% | 5.8B |
| U127LSEAmundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 0.14% | 12.4B |
Assets are shown in each fund's own reporting currency.
How to invest in XMMD 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 XMMD and buy
Find the fund by its ticker, XMMD, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMMD from India
What XMMD holds
The underlying index for this product, the MSCI Total Return Net Emerging Markets Index, is constructed to mirror the performance of large and medium-sized enterprises across global developing economies. This comprehensive index captures approximately 85% of the market's free-float capitalization.
Outside US estate tax
XMMD 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
XMMD 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 XMMD's UCITS structure matters for Indian investors
XMMD 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 XMMD from India?
Yes. Indian residents can buy Xtrackers MSCI Emerging Markets Swap UCITS ETF (XMMD) 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 XMMD invest in?
Its largest holdings are APPLE (6.9%), AMAZON COM INC (5.8%) and MICROSOFT (5.5%). Technology is its largest sector at 41.9%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMMD?
Xtrackers MSCI Emerging Markets Swap 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 $1.3B.
Is XMMD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Emerging Markets Swap 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 XMMD?
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.