Franklin Euro Short Maturity UCITS ETF
Franklin Euro Short Maturity UCITS ETF (LSE: FLES) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at €25.64 (about ₹2,727 a unit) as of 23 Oct 2026, 8:45 AM ET. It has an expense ratio of 0.15% and holds 88 securities. Indian residents can buy FLES through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€25.64
Today's high
€25.64
52 week low
€25.52
52 week high
€26.10
FLES opened at €25.64, closed previously at €25.69, and has traded between €25.52 and €26.10 over the past 52 weeks.
About
The fund's main objective is to generate strong total returns, combining both income and capital appreciation, by concentrating on short-duration bonds issued in Euros. Its portfolio primarily consists of high-quality debt securities from corporations and governments, all characterized by a brief maturity period and denominated in the Euro currency. Such eligible investments can originate from any global location.
Key statistics
Expense ratio
0.15%
Assets (AUM)
€553.6M
Holdings
88
NAV
€25.58
Avg. volume
1.81K
1-year price change
-0.68%
5-year price change
+2.13%
Price change excludes dividends.
Top 10 holdings
FLES holds 88 securities in total. These 10 are 53.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy FLES from India
Indian residents can buy FLES units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in FLES from India
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.
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.
Search FLES and buy
Find the fund by its ticker, FLES, on the London Stock Exchange ETF segment, and place your order.
Track holdings and download tax reports
Follow your FLES position in EUR and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying FLES from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
FAQs
What is the FLES price today?
Franklin Euro Short Maturity UCITS ETF (FLES) last traded at €25.64 on the London Stock Exchange ETF segment, as of 23 Oct 2026, 8:45 AM ET. That is ₹2,727 a unit at the 22 Oct 2026 EUR/INR rate.
When does FLES trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is FLES, and what does it cost to hold?
Franklin Euro Short Maturity UCITS ETF manages about €553.6M. Its expense ratio is 0.15% a year, deducted inside the fund. It launched in 2018.
Is FLES a UCITS ETF?
Yes. Franklin Euro Short Maturity UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in EUR.
What are FLES's largest holdings?
The top three are BUNDES 1.3% 15/10/27 (13.6%), CASH (7.0%) and ITALY 2.1% 26/08/27 (6.6%). FLES's 10 largest positions make up 53.7% of the fund.
Is FLES subject to US estate tax?
No. Because FLES is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
Is FLES accumulating or distributing?
Distributing. It pays dividends out to you in cash, taxed at your slab rate in India.
How are gains on FLES taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
How has FLES performed?
FLES' price is down 0.7% over the past year and up 2.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is FLES different from a US-listed ETF?
FLES is domiciled in Ireland rather than the US, which keeps it outside US estate tax. Capital gains on both are taxed the same way in India.