London Stock Exchange ETF segment · UCITS ETF
Invest in XUTC ETF from India
Indian and foreign residents can buy Xtrackers MSCI USA Information Technology UCITS ETF (XUTC) units directly through Paasa.
By Paasa · Updated
XUTC at a glance
- Price
- $181.23+$1.61 (0.89%)
- Expense ratio
- 0.12%
- Day range
- $178.85 – $181.27
- Assets
- $2.5B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- +3.89%
- 6 months
- +45.65%
- YTD
- +27.42%
- 1 year
- +31.61%
- 5 years
- +162.61%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA20.4%
- 2APPLE17.7%
- 3MICROSOFT14.0%
- 4BROADCOM INC6.3%
- 5MICRON TECHNOLOGY4.7%
- 6ADVANCED MICRO DEVICES3.9%
- 7INTEL CORPORATION CORP2.0%
- 8CISCO SYSTEMS INC1.6%
- 9PALANTIR TECHNOLOGIES CLASS A1.6%
- 10APPLIED MATERIAL INC1.6%
These 10 are 73.8% of the fund.
Where the money is invested
Sectors
- Technology99.9%
- Energy0.1%
- Financial Services0.1%
Countries
- United States98.8%
- Ireland0.7%
- Netherlands0.2%
- Cayman Islands0.2%
- Australia0.1%
- Other0.0%
How to invest in XUTC 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 XUTC and buy
Find the fund by its ticker, XUTC, on the London Stock Exchange ETF segment, and place your order.
Why invest in XUTC from India
What XUTC holds
This ETF is designed to track the investment performance of the MSCI USA Information Technology 20-35 Custom Index. This index comprises large and mid-sized companies based in the United States, specifically those categorized within the Information Technology sector by the Global Industry Classification Standard (GICS).
Outside US estate tax
XUTC 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
XUTC 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 XUTC's UCITS structure matters for Indian investors
XUTC 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 XUTC from India?
Yes. Indian residents can buy Xtrackers MSCI USA Information Technology UCITS ETF (XUTC) 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 XUTC invest in?
Its largest holdings are NVIDIA (20.4%), APPLE (17.7%) and MICROSOFT (14.0%). Energy is its largest sector at 0.1%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of XUTC?
Xtrackers MSCI USA Information Technology 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 $2.5B.
Is XUTC a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI USA Information Technology 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 XUTC dividends taxed in India?
Xtrackers MSCI USA Information Technology 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 XUTC?
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.