NYSE Arca · ETF
Invest in XSOE ETF from India
Indian and foreign residents can buy WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) units directly through Paasa.
By Paasa · Updated
XSOE at a glance
- Price
- $47.72+$0.24 (0.51%)
- Expense ratio
- 0.32%
- Day range
- $47.44 – $47.84
- Assets
- $2.1B
- Domicile
- the US
- Holdings
- 770
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- -0.02%
- 6 months
- +17.36%
- YTD
- +21.92%
- 1 year
- +26.75%
- 5 years
- +25.55%
Price change, excluding dividends.
Top 10 holdings
- 1Taiwan Semiconductor Manufacturing Co Ltd2330.TW13.7%
- 2Samsung Electronics Co Ltd005930.KS7.3%
- 3SK Hynix Inc000660.KS5.5%
- 4Tencent Holdings Ltd0700.HK2.7%
- 5Alibaba Group Holding Ltd9988.HK2.2%
- 6MediaTek Inc2454.TW2.1%
- 7Al Rajhi BankRJHI AB1.1%
- 8Hdfc Bank LimitedHDFCBANK.BO0.8%
- 9MercadoLibre IncMELI0.8%
- 10Reliance Industries LtdRIGD.IL0.8%
XSOE holds 770 securities in total. These 10 are 36.9% of the fund.
Where the money is invested
Sectors
- Technology41.4%
- Financial Services15.6%
- Consumer Cyclical11.6%
- Industrials8.1%
- Communication Services6.2%
- Basic Materials5.1%
Countries
- Taiwan28.7%
- South Korea21.0%
- China16.8%
- India14.1%
- South Africa3.2%
- Brazil2.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XSOELSEWisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF - USD Acc | 0.32% | 23.0M |
Assets are shown in each fund's own reporting currency.
How to invest in XSOE 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 XSOE and buy
Find the fund by its ticker, XSOE, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in XSOE from India
What XSOE holds
Typically, the fund commits a minimum of 80% of its total assets to the specific securities included in its underlying index, or to other investments that share substantially similar economic characteristics with those index components. This benchmark is a modified float-adjusted market capitalization-weighted index, which is composed of ordinary shares from developing nations, but explicitly omits common stocks issued by government-controlled entities.
Hold a dollar asset
XSOE 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one XSOE unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy XSOE from India?
Yes. Indian residents can buy WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) through Paasa. It is listed on NYSE Arca 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 XSOE invest in?
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund holds 770 securities. Its largest holdings are Taiwan Semiconductor Manufacturing Co Ltd (13.7%), Samsung Electronics Co Ltd (7.3%) and SK Hynix Inc (5.5%). Technology is its largest sector at 41.4%. It is a distributing fund domiciled in the US.
What is the expense ratio of XSOE?
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund has an expense ratio of 0.32% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.1B.
How are XSOE dividends taxed in India?
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 XSOE?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one XSOE unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $47.72, and there is no minimum trade size.
What happens to my XSOE units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.