London Stock Exchange ETF segment · UCITS ETF
Invest in XUEN ETF from India
Indian and foreign residents can buy Xtrackers MSCI USA Energy UCITS ETF (XUEN) units directly through Paasa.
By Paasa · Updated
XUEN at a glance
- Price
- $64.70-$1.10 (1.67%)
- Expense ratio
- 0.12%
- Day range
- $64.34 – $64.70
- Assets
- $138.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -0.14%
- 6 months
- +0.47%
- YTD
- +37.54%
- 1 year
- +34.12%
- 5 years
- +135.36%
Price change, excluding dividends.
Top 10 holdings
- 1EXXONMOBIL HOLDINGS CORPXOM28.8%
- 2CHEVRONCVX16.2%
- 3CONOCOPHILLIPSCOP6.7%
- 4MARATHON PETROLEUMMPC4.9%
- 5VALERO ENERGY CORPVLO4.9%
- 6PHILLIPSPSX4.4%
- 7WILLIAMSWMB3.7%
- 8SLBSLB.PA3.3%
- 9EOG RESOURCESEOG3.3%
- 10TARGA RESOURCESTRGP2.5%
These 10 are 78.7% of the fund.
Where the money is invested
Countries
- United States98.8%
- United Kingdom1.2%
How to invest in XUEN 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 XUEN and buy
Find the fund by its ticker, XUEN, on the London Stock Exchange ETF segment, and place your order.
Why invest in XUEN from India
What XUEN holds
This ETF tracks the MSCI USA Energy 20-35 Custom Index, which measures the performance of major and medium-sized American companies operating within the GICS-defined Energy sector. Constituents are weighted based on their free-float adjusted market capitalization, with diversification caps: the largest single entity's weight is limited to 35%, while all other individual holdings are capped at 20%.
Outside US estate tax
XUEN 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
XUEN 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 XUEN's UCITS structure matters for Indian investors
XUEN 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 XUEN from India?
Yes. Indian residents can buy Xtrackers MSCI USA Energy UCITS ETF (XUEN) 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 XUEN invest in?
Its largest holdings are EXXONMOBIL HOLDINGS CORP (28.8%), CHEVRON (16.2%) and CONOCOPHILLIPS (6.7%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of XUEN?
Xtrackers MSCI USA Energy UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about $138.6M.
Is XUEN a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI USA Energy 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.
How are XUEN dividends taxed in India?
Xtrackers MSCI USA Energy UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 XUEN?
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.