XETRA · UCITS ETF
Invest in XMVE ETF from India
Indian and foreign residents can buy Xtrackers MSCI EMU Screened UCITS ETF (XMVE) units directly through Paasa.
By Paasa · Updated
XMVE at a glance
- Price
- €39.33-€0.24 (0.59%)
- Expense ratio
- 0.12%
- Day range
- €39.30 – €39.78
- Assets
- €11.9M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -1.88%
- 6 months
- +11.50%
- YTD
- +7.86%
- 1 year
- +13.59%
- 5 years
- +38.66%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING10.0%
- 2SIEMENS N AG4.1%
- 3SCHNEIDER ELECTRIC3.3%
- 4SAP3.0%
- 5BANCO SANTANDER2.8%
- 6ALLIANZ2.5%
- 7TOTALENERGIES2.4%
- 8BANCO BILBAO VIZCAYA ARGENTARIA SA2.2%
- 9IBERDROLA2.0%
- 10UNICREDIT1.8%
These 10 are 34.1% of the fund.
Where the money is invested
Sectors
- Financial Services27.7%
- Industrials19.1%
- Technology16.8%
- Consumer Cyclical7.4%
- Utilities6.1%
- Healthcare5.4%
Countries
- France25.0%
- Germany24.1%
- Netherlands18.6%
- Spain10.5%
- Italy9.9%
- Finland3.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SAUMLSEiShares MSCI EMU Screened UCITS ETF | 0.12% | 1.3B |
| SMUDLSEiShares MSCI EMU Screened UCITS ETF | 0.12% | 546.9M |
Assets are shown in each fund's own reporting currency.
How to invest in XMVE 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 XMVE and buy
Find the fund by its ticker, XMVE, on XETRA, and place your order.
Why invest in XMVE from India
What XMVE holds
This ETF seeks to mirror the investment performance of an index focused on large and medium-capitalization companies situated in the developed economies of the Economic and Monetary Union (EMU). The index incorporates a comprehensive ESG screening process, which systematically excludes entities linked to controversial weapons, those with an MSCI ESG Rating of 'CCC' or lacking a rating, and firms deriving specific revenues from areas such as tobacco, conventional or nuclear weapons, civilian firearms, thermal coal, unconventional and/or arctic oil and gas extraction, and palm oil.
Outside US estate tax
XMVE 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 XMVE's UCITS structure matters for Indian investors
XMVE 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 XMVE from India?
Yes. Indian residents can buy Xtrackers MSCI EMU Screened UCITS ETF (XMVE) 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 XMVE invest in?
Its largest holdings are ASML HOLDING (10.0%), SIEMENS N AG (4.1%) and SCHNEIDER ELECTRIC (3.3%). Financial Services is its largest sector at 27.7%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of XMVE?
Xtrackers MSCI EMU Screened UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about €11.9M.
Is XMVE a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI EMU Screened 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.
How are XMVE dividends taxed in India?
Xtrackers MSCI EMU Screened 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 XMVE?
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.