London Stock Exchange ETF segment · UCITS ETF
Invest in XS7R ETF from India
Indian and foreign residents can buy Xtrackers MSCI Europe Financials Screened UCITS ETF (XS7R) units directly through Paasa.
By Paasa · Updated
XS7R at a glance
- Price
- £74.53-£2.33 (3.03%)
- Expense ratio
- 0.17%
- Day range
- £74.53 – £75.71
- Assets
- £132.9M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -5.81%
- 6 months
- +12.89%
- YTD
- +8.81%
- 1 year
- +19.47%
- 5 years
- +148.31%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLC9.8%
- 2BANCO SANTANDER5.7%
- 3ALLIANZ5.2%
- 4BANCO BILBAO VIZCAYA ARGENTARIA SA4.5%
- 5UBS GROUP AG4.3%
- 6UNICREDIT3.7%
- 7BNP PARIBAS SA3.1%
- 8INTESA SANPAOLO3.1%
- 9ING GROEP2.9%
- 10ZURICH INSURANCE GROUP AG2.9%
These 10 are 45.1% of the fund.
Where the money is invested
Sectors
- Financial Services98.3%
- Technology1.1%
- Industrials0.5%
Countries
- United Kingdom22.9%
- Spain12.8%
- Germany12.2%
- Switzerland11.1%
- Italy10.9%
- France7.5%
How to invest in XS7R 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 GBP when you buy.
Step 3
Search XS7R and buy
Find the fund by its ticker, XS7R, on the London Stock Exchange ETF segment, and place your order.
Why invest in XS7R from India
What XS7R holds
This Xtrackers ETF is designed to mirror the performance of an index composed of large and mid-capitalization firms from developed European economies. All securities included are exclusively classified within the Financials sector, according to the Global Industry Classification Standard (GICS).
Outside US estate tax
XS7R is domiciled in Luxembourg, 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 XS7R's UCITS structure matters for Indian investors
XS7R 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 XS7R from India?
Yes. Indian residents can buy Xtrackers MSCI Europe Financials Screened UCITS ETF (XS7R) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 XS7R invest in?
Its largest holdings are HSBC HOLDINGS PLC (9.8%), BANCO SANTANDER (5.7%) and ALLIANZ (5.2%). Financial Services is its largest sector at 98.3%. The fund is domiciled in Luxembourg.
What is the expense ratio of XS7R?
Xtrackers MSCI Europe Financials Screened UCITS ETF has an expense ratio of 0.17% a year, taken from the fund's assets rather than billed to you. The fund manages about £132.9M.
Is XS7R a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI Europe Financials Screened 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 XS7R?
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 GBP/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.