London Stock Exchange ETF segment · UCITS ETF
Invest in XSDX ETF from India
Indian and foreign residents can buy Xtrackers ShortDAX Daily Swap UCITS ETF (XSDX) units directly through Paasa.
By Paasa · Updated
XSDX at a glance
- Price
- £7.97+£0.04 (0.47%)
- Expense ratio
- 0.4%
- Day range
- £7.92 – £8.00
- Assets
- £137.8M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- +3.61%
- 6 months
- -7.99%
- YTD
- -2.42%
- 1 year
- -3.33%
- 5 years
- -34.87%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE8.8%
- 2BP PLC8.6%
- 3CME GROUP CLASS A8.1%
- 4TESLA INC8.1%
- 5INTERCONTINENTAL EXCHANGE4.5%
- 6AMERIPRISE FINANCE INC4.4%
- 7INTEL CORPORATION CORP4.3%
- 8SOUTHWEST AIRLINES4.2%
- 9AMAZON COM INC4.2%
- 10UNITEDHEALTH GROUP4.2%
These 10 are 59.3% of the fund.
Where the money is invested
Countries
- United States94.9%
- United Kingdom8.7%
How to invest in XSDX 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 XSDX and buy
Find the fund by its ticker, XSDX, on the London Stock Exchange ETF segment, and place your order.
Why invest in XSDX from India
What XSDX holds
The ShortDAX Index is engineered to mirror the daily inverse performance of a selection of premier German equities. It focuses on the 40 largest and most actively traded German corporations, which are listed in Euro on the FWB Frankfurt Stock Exchange.
Outside US estate tax
XSDX 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 XSDX's UCITS structure matters for Indian investors
XSDX 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 XSDX from India?
Yes. Indian residents can buy Xtrackers ShortDAX Daily Swap UCITS ETF (XSDX) 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 XSDX invest in?
Its largest holdings are APPLE (8.8%), BP PLC (8.6%) and CME GROUP CLASS A (8.1%). The fund is domiciled in Luxembourg.
What is the expense ratio of XSDX?
Xtrackers ShortDAX Daily Swap 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 £137.8M.
Is XSDX a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers ShortDAX Daily Swap 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 XSDX?
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.