London Stock Exchange ETF segment · UCITS ETF
Invest in XNAS ETF from India
Indian and foreign residents can buy Xtrackers NASDAQ 100 UCITS ETF (XNAS) units directly through Paasa.
By Paasa · Updated
XNAS at a glance
- Price
- $71.02+$0.63 (0.90%)
- Expense ratio
- 0.2%
- Day range
- $70.20 – $71.05
- Assets
- $2.8B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- +3.00%
- 6 months
- +32.01%
- YTD
- +20.05%
- 1 year
- +24.97%
- 5 years
- +110.93%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP8.4%
- 2APPLE INC7.5%
- 3MICROSOFT CORP5.8%
- 4MICRON TECHNOLOGY INC5.0%
- 5ADVANCED MICRO DEVICES4.2%
- 6AMAZON.COM INC4.0%
- 7META PLATFORMS INC CLASS A3.2%
- 8ALPHABET INC CL A3.1%
- 9TESLA INC2.9%
- 10ALPHABET INC CL C2.9%
These 10 are 47.0% of the fund.
Where the money is invested
Sectors
- Technology59.0%
- Communication Services12.7%
- Consumer Cyclical11.1%
- Consumer Defensive6.2%
- Industrials4.1%
- Healthcare4.0%
Countries
- United States95.4%
- United Kingdom1.7%
- Netherlands1.3%
- Canada0.9%
- Uruguay0.4%
- Ireland0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| QQQMNASDAQInvesco NASDAQ 100 ETF | 0.15% | 110.0B |
| CNDXLSEiShares NASDAQ 100 UCITS ETF USD | 0.3% | 29.1B |
| IQQNASDAQiShares Nasdaq 100 ETF | 0.12% | 591.9M |
Assets are shown in each fund's own reporting currency.
How to invest in XNAS 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 XNAS and buy
Find the fund by its ticker, XNAS, on the London Stock Exchange ETF segment, and place your order.
Why invest in XNAS from India
What XNAS holds
The NASDAQ 100 Index is engineered to mirror the market performance of a curated selection: the top 100 non-financial companies, encompassing both American and international entities, all of which are publicly traded on the NASDAQ Stock Market. The influence of these companies within the index is determined by their free-float adjusted market capitalization.
Outside US estate tax
XNAS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
XNAS 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 XNAS' UCITS structure matters for Indian investors
XNAS 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 XNAS from India?
Yes. Indian residents can buy Xtrackers NASDAQ 100 UCITS ETF (XNAS) 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 XNAS invest in?
Its largest holdings are NVIDIA CORP (8.4%), APPLE INC (7.5%) and MICROSOFT CORP (5.8%). Technology is its largest sector at 59.0%. The fund is domiciled in Ireland.
What is the expense ratio of XNAS?
Xtrackers NASDAQ 100 UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.8B.
Is XNAS a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers NASDAQ 100 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 XNAS?
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.