XETRA · UCITS ETF
Invest in XY7D ETF from India
Indian and foreign residents can buy Global X S&P 500 Covered Call UCITS ETF (XY7D) units directly through Paasa.
By Paasa · Updated
XY7D at a glance
- Price
- €14.23+€0.01 (0.06%)
- Expense ratio
- —
- Day range
- €14.18 – €14.24
- Assets
- —
- Domicile
- Ireland
- Holdings
- —
- Launched
- —
- Dividends
- Distributing
- 1 month
- +4.79%
- 6 months
- +10.22%
- YTD
- +7.40%
- 1 year
- +10.57%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TEXAS INSTRUMENTS INC6.8%
- 2TESLA INC6.1%
- 3PFIZER INC6.0%
- 4META PLATFORMS INC5.5%
- 5CATERPILLAR INC5.2%
- 6EXXONMOBIL HOLDINGS CORP5.1%
- 7LINDE PLC4.5%
- 8LOCKHEED MARTIN CORP4.3%
- 9AMGEN INC4.2%
- 10TE CONNECTIVITY PLC4.2%
These 10 are 52.0% of the fund.
Where the money is invested
Countries
- United States88.2%
- Ireland7.9%
- United Kingdom4.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XYLDAMEXGlobal X - S&P 500 Covered Call ETF | 0.6% | 3.4B |
Assets are shown in each fund's own reporting currency.
How to invest in XY7D 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 EUR when you buy.
Step 3
Search XY7D and buy
Find the fund by its ticker, XY7D, on XETRA, and place your order.
Why invest in XY7D from India
What XY7D holds
The Global X S&P 500 Covered Call UCITS ETF (XYLU LN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 BuyWrite 15% WHT Index.
Outside US estate tax
XY7D is domiciled in Ireland, 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 XY7D's UCITS structure matters for Indian investors
XY7D 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 XY7D from India?
Yes. Indian residents can buy Global X S&P 500 Covered Call UCITS ETF (XY7D) through Paasa. It is listed on XETRA and trades in EUR. 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 XY7D invest in?
Its largest holdings are TEXAS INSTRUMENTS INC (6.8%), TESLA INC (6.1%) and PFIZER INC (6.0%). It is a distributing fund domiciled in Ireland.
Is XY7D a UCITS ETF, and why does that matter for Indian investors?
Yes. Global X S&P 500 Covered Call 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 XY7D dividends taxed in India?
Global X S&P 500 Covered Call 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 XY7D?
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 EUR/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.