Invesco Morningstar US Energy Infrastructure MLP UCITS ETF
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (LSE: MLPD) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $55.05 (about ₹5,288 a unit) as of 29 Sep 2026, 11:35 AM ET. It has an expense ratio of 0.5%. Indian residents can buy MLPD through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$54.96
Today's high
$56.07
52 week low
$47.39
52 week high
$60.72
MLPD opened at $55.57, closed previously at $55.33, and has traded between $47.39 and $60.72 over the past 52 weeks.
About
This Invesco ETF endeavors to mirror the overall return of the Morningstar MLP Composite Index (referred to as the 'Reference Index'), after accounting for associated expenses. Investors in the fund receive dividend distributions each quarter. The Reference Index itself is designed to offer broad and varied exposure to American energy Master Limited Partnerships (MLPs) that trade publicly. Individual components within the index are weighted according to the monetary value of their yearly distributions, with a maximum allocation of 10% for any single constituent. It selectively includes the largest 97% of MLPs based on their market capitalization. This index undergoes daily calculation, quarterly rebalancing, and semi-annual reviews. To meet its objective, the fund primarily invests in a diverse collection of equities. While these holdings are typically responsible for the majority of the fund's returns, they do not necessarily perfectly align with the underlying assets of the Reference Index. Additionally, the fund employs unfunded swap agreements. These financial instruments involve authorized third parties who contractually agree to exchange with the fund any discrepancy between the returns generated by the Reference Index and those of its actual equity holdings. This sophisticated approach aims to ensure a more precise and steady alignment with the Reference Index's performance than could typically be achieved through merely purchasing the physical securities. This Exchange Traded Fund (ETF) operates under a passive management strategy. Investing in this product means acquiring shares in a fund designed to track an index, rather than directly owning the specific underlying assets held within its portfolio.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$423.7M
Holdings
—
NAV
$55.67
Avg. volume
—
1-year price change
+10.63%
5-year price change
+53.39%
Price change excludes dividends.
Top 10 holdings
These 10 are 80.8% of the fund.
Where the money is invested
Countries
Similar funds
This is not an investment recommendation
How to buy MLPD from India
Indian residents can buy MLPD units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
Search MLPD and buy
Find the fund by its ticker, MLPD, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in MLPD from India
Trading and taxes when buying MLPD 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
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- 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
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the MLPD price today?
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPD) last traded at $55.05 on the London Stock Exchange ETF segment, as of 29 Sep 2026, 11:35 AM ET. That is ₹5,288 a unit at the 29 Sep 2026 USD/INR rate.
When does MLPD 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 MLPD, and what does it cost to hold?
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF manages about $423.7M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2013.
Is MLPD a UCITS ETF?
Yes. Invesco Morningstar US Energy Infrastructure MLP 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 US dollars.
What are MLPD's largest holdings?
The top three are SUNOCO UNT (10.4%), MPLX COM UNT (10.2%) and PLAINS ALL AMERICAN PIPELINE UNT (10.1%). MLPD's 10 largest positions make up 80.8% of the fund.
Is MLPD subject to US estate tax?
No. Because MLPD 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 MLPD accumulating or distributing?
Distributing. It pays dividends out to you in cash, taxed at your slab rate in India.
How are US dividends taxed inside MLPD?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on MLPD taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has MLPD performed?
MLPD's price is up 10.6% over the past year and up 53.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is MLPD different from a US-listed ETF?
MLPD is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.