London Stock Exchange ETF segment · UCITS ETF
Invest in XMUJ ETF from India
Indian and foreign residents can buy Xtrackers MSCI Japan UCITS ETF (XMUJ) units directly through Paasa.
By Paasa · Updated
XMUJ at a glance
- Price
- $70.17-$0.60 (0.85%)
- Expense ratio
- 0.4%
- Day range
- $70.17 – $70.37
- Assets
- $8.9B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -1.47%
- 6 months
- +17.87%
- YTD
- +21.55%
- 1 year
- +34.48%
- 5 years
- +149.36%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP8306.T4.7%
- 2TOYOTA MOTOR7203.T3.4%
- 3SUMITOMO MITSUI FINANCIAL GROUP8316.T3.0%
- 4TOKYO ELECTRON8035.T3.0%
- 5ADVANTEST6857.T2.9%
- 6HITACHI6501.T2.9%
- 7SOFTBANK GROUP9984.T2.7%
- 8RECRUIT HOLDINGS LTD6098.T2.6%
- 9SONY GROUP6758.T2.6%
- 10KIOXIA HOLDINGS285A.T2.5%
These 10 are 30.2% of the fund.
Where the money is invested
Countries
- Japan99.7%
- United States0.2%
- Ireland0.1%
- Other0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWJAMEXiShares MSCI Japan ETF | 0.49% | 22.8B |
| LCJDLSEAmundi Core MSCI Japan UCITS ETF Acc | 0.12% | 6.9B |
| XMJDLSEXtrackers MSCI Japan UCITS ETF 1C | 0.12% | 8.7B |
| DBJPAMEXXtrackers MSCI Japan Hedged Equity ETF | 0.45% | 722.8M |
| IJPDLSEiShares MSCI Japan USD Hedged UCITS ETF (Acc) | 0.64% | 619.3M |
Assets are shown in each fund's own reporting currency.
How to invest in XMUJ 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 XMUJ and buy
Find the fund by its ticker, XMUJ, on the London Stock Exchange ETF segment, and place your order.
Why invest in XMUJ from India
What XMUJ holds
The aim is for your investment to reflect the performance of the MSCI Total Return Net Japan Index (the Reference Index) which is designed to reflect the performance of the shares of certain companies in Japan.
Outside US estate tax
XMUJ 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
XMUJ 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 XMUJ's UCITS structure matters for Indian investors
XMUJ 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 XMUJ from India?
Yes. Indian residents can buy Xtrackers MSCI Japan UCITS ETF (XMUJ) 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 XMUJ invest in?
Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (4.7%), TOYOTA MOTOR (3.4%) and SUMITOMO MITSUI FINANCIAL GROUP (3.0%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of XMUJ?
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 $8.9B.
Is XMUJ 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.
How are XMUJ dividends taxed in India?
Xtrackers MSCI Japan UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell XMUJ?
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.