London Stock Exchange ETF segment · UCITS ETF
Invest in XMUD ETF from India
Indian and foreign residents can buy Xtrackers MSCI USA Swap UCITS ETF (XMUD) units directly through Paasa.
By Paasa · Updated
XMUD at a glance
- Price
- $231.80+$1.42 (0.61%)
- Expense ratio
- 0.15%
- Day range
- $231.80 – $232.39
- Assets
- $8.9B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- +0.62%
- 6 months
- +18.99%
- YTD
- +12.29%
- 1 year
- +17.13%
- 5 years
- +80.80%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIANVDA7.4%
- 2AMAZON COM INCAMZN5.6%
- 3MICROSOFTMSFT5.2%
- 4APPLEAAPL5.2%
- 5ALPHABET CLASS AGOOGL3.9%
- 6TESLA INCTSLA3.0%
- 7MICRON TECHNOLOGYMU3.0%
- 8ELI LILLYLLY2.8%
- 9SALESFORCECRM2.2%
- 10UNITEDHEALTH GROUPUNH1.9%
These 10 are 40.2% of the fund.
Where the money is invested
Sectors
- Technology42.1%
- Consumer Cyclical12.1%
- Healthcare10.1%
- Financial Services8.3%
- Communication Services8.1%
- Industrials5.1%
Countries
- United States90.3%
- Germany2.3%
- Ireland1.7%
- Sweden0.9%
- Switzerland0.8%
- United Kingdom0.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MUSDAMSiShares MSCI USA Swap UCITS ETF | 0.05% | 7.3B |
Assets are shown in each fund's own reporting currency.
How to invest in XMUD 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 XMUD and buy
Find the fund by its ticker, XMUD, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMUD from India
What XMUD holds
This ETF tracks the MSCI Total Return Net USA Index, which is designed to reflect the performance of major and mid-capitalization companies listed in the United States. This index covers approximately 85% of the free-float market capitalization within its universe.
Outside US estate tax
XMUD 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
XMUD 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 XMUD's UCITS structure matters for Indian investors
XMUD 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 XMUD from India?
Yes. Indian residents can buy Xtrackers MSCI USA Swap UCITS ETF (XMUD) 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 XMUD invest in?
Its largest holdings are NVIDIA (7.4%), AMAZON COM INC (5.6%) and MICROSOFT (5.2%). Technology is its largest sector at 42.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of XMUD?
Xtrackers MSCI USA Swap UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $8.9B.
Is XMUD a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI USA 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 XMUD?
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.