London Stock Exchange ETF segment · UCITS ETF
Invest in XZMU ETF from India
Indian and foreign residents can buy Xtrackers MSCI USA ESG UCITS ETF (XZMU) units directly through Paasa.
By Paasa · Updated
XZMU at a glance
- Price
- $83.73+$0.25 (0.29%)
- Expense ratio
- 0.15%
- Day range
- $83.73 – $83.80
- Assets
- $9.6B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -1.51%
- 6 months
- +23.15%
- YTD
- +9.80%
- 1 year
- +15.76%
- 5 years
- +84.03%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP13.2%
- 2MICROSOFT CORP10.7%
- 3ALPHABET INC CL A5.8%
- 4ALPHABET INC CL C4.6%
- 5TESLA INC3.7%
- 6ADVANCED MICRO DEVICES3.5%
- 7ELI LILLY + CO3.4%
- 8JOHNSON + JOHNSON2.3%
- 9VISA INC CLASS A SHARES2.2%
- 10INTEL CORP1.8%
These 10 are 51.3% of the fund.
Where the money is invested
Sectors
- Technology38.9%
- Financial Services14.2%
- Communication Services11.9%
- Healthcare11.7%
- Consumer Cyclical9.6%
- Industrials7.8%
Countries
- United States96.2%
- Ireland1.9%
- Singapore0.7%
- Uruguay0.3%
- Switzerland0.2%
- Netherlands0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XZMDLSEXtrackers MSCI USA ESG UCITS ETF 1D | 0.15% | 9.6B |
Assets are shown in each fund's own reporting currency.
How to invest in XZMU 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 XZMU and buy
Find the fund by its ticker, XZMU, on the London Stock Exchange ETF segment, and place your order.
Why invest in XZMU from India
What XZMU holds
This ETF aims to track the performance of the MSCI USA Low Carbon SRI Selection Index. This index focuses on large and mid-capitalization U.S. companies that exhibit robust environmental, social, and governance (ESG) profiles and a reduced carbon footprint compared to their industry peers.
Outside US estate tax
XZMU 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
XZMU 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 XZMU's UCITS structure matters for Indian investors
XZMU 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 XZMU from India?
Yes. Indian residents can buy Xtrackers MSCI USA ESG UCITS ETF (XZMU) 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 XZMU invest in?
Its largest holdings are NVIDIA CORP (13.2%), MICROSOFT CORP (10.7%) and ALPHABET INC CL A (5.8%). Technology is its largest sector at 38.9%. The fund is domiciled in Ireland.
What is the expense ratio of XZMU?
Xtrackers MSCI USA ESG UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $9.6B.
Is XZMU a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI USA ESG 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.
What tax do I pay in India when I sell XZMU?
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.