London Stock Exchange ETF segment · UCITS ETF
Invest in XPHI ETF from India
Indian and foreign residents can buy Xtrackers MSCI Philippines UCITS ETF (XPHI) units directly through Paasa.
By Paasa · Updated
XPHI at a glance
- Price
- $1.42-$0.01 (1.01%)
- Expense ratio
- 0.65%
- Day range
- $1.42 – $1.42
- Assets
- $37.5M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2011
- Dividends
- —
- 1 month
- -3.54%
- 6 months
- -1.53%
- YTD
- -6.71%
- 1 year
- -4.19%
- 5 years
- -16.22%
Price change, excluding dividends.
Top 10 holdings
- 1INTERNATIONAL CONTAINER TERMINAL S31.4%
- 2BDO UNIBANK9.3%
- 3BANK OF THE PHILIPPINE ISLANDS5.9%
- 4SM PRIME HOLDINGS5.3%
- 5AYALA CORP4.1%
- 6METROPOLITAN BANK AND TRUST CO4.0%
- 7SM INVESTMENTS3.9%
- 8PLDT INC2.9%
- 9AYALA LAND2.9%
- 10MANILA ELECTRIC2.7%
These 10 are 72.6% of the fund.
Where the money is invested
Sectors
- Industrials37.1%
- Financial Services21.2%
- Real Estate13.5%
- Consumer Cyclical10.1%
- Utilities9.1%
- Consumer Defensive3.9%
Countries
- Philippines99.6%
- Other0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EPHEAMEXiShares MSCI Philippines ETF | 0.59% | 136.7M |
Assets are shown in each fund's own reporting currency.
How to invest in XPHI 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 XPHI and buy
Find the fund by its ticker, XPHI, on the London Stock Exchange ETF segment, and place your order.
Why invest in XPHI from India
What XPHI holds
This index is designed to track the investment performance of the Philippine stock market, encompassing a wide array of companies – from large to small-cap – all listed within the Philippines. It offers comprehensive coverage, representing approximately 99% of the available free-float market capitalization.
Outside US estate tax
XPHI 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
XPHI 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 XPHI's UCITS structure matters for Indian investors
XPHI 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 XPHI from India?
Yes. Indian residents can buy Xtrackers MSCI Philippines UCITS ETF (XPHI) 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 XPHI invest in?
Its largest holdings are INTERNATIONAL CONTAINER TERMINAL S (31.4%), BDO UNIBANK (9.3%) and BANK OF THE PHILIPPINE ISLANDS (5.9%). Industrials is its largest sector at 37.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of XPHI?
Xtrackers MSCI Philippines UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $37.5M.
Is XPHI a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Philippines 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 XPHI?
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.