Answered from the same data and calculations used above.
BNP Paribas Easy MSCI EMU Min TE UCITS ETF (MUSRI) is domiciled in Ireland (IE). A Ireland-domiciled UCITS fund receives US dividends at a 15% treaty withholding rate inside the fund, versus the 30% statutory rate on dividends paid directly to a non-resident (generally 25% for an Indian resident under the India-US treaty with a valid W-8BEN). The fund-level 15% is deducted before NAV and is not reclaimable by you. Its shares also sit outside US estate tax, which applies to US-situs assets above $60,000 for non-resident aliens.
BNP Paribas Easy MSCI EMU Min TE UCITS ETF (MUSRI) tracks the MSCI EMU Minimum Tracking Error. Any fund tracking the same index gives you materially the same exposure, so cost, size and share class are usually what separate the alternatives, not the strategy.