London Stock Exchange ETF segment · UCITS ETF
Invest in ARMR ETF from India
Indian and foreign residents can buy Global X Defence Tech UCITS ETF (ARMR) units directly through Paasa.
By Paasa · Updated
ARMR at a glance
- Price
- $27.34-$0.12 (0.44%)
- Expense ratio
- 0.5%
- Day range
- $27.17 – $27.34
- Assets
- $509.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2024
- Dividends
- —
- 1 month
- -8.32%
- 6 months
- -13.78%
- YTD
- -7.10%
- 1 year
- -9.38%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1PALANTIR TECHNOLOGIES INC-APLTR11.7%
- 2RTX CORPORATIONRTX9.1%
- 3GENERAL DYNAMICS CORPGD8.3%
- 4BAE SYSTEMS PLCBA.L8.3%
- 5LOCKHEED MARTIN CORPLMT8.2%
- 6NORTHROP GRUMMAN CORPNOC7.8%
- 7RHEINMETALL AGRHM.DE6.5%
- 8L3HARRIS TECHNOLOGIES INCLHX5.5%
- 9HANWHA AEROSPACE CO LTD012450.KS3.1%
- 10THALES SAHO.PA2.9%
These 10 are 71.5% of the fund.
Where the money is invested
Countries
- United States62.3%
- United Kingdom9.5%
- Germany7.5%
- Korea (the Republic of)5.1%
- France3.8%
- Sweden2.9%
How to invest in ARMR 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 ARMR and buy
Find the fund by its ticker, ARMR, on the London Stock Exchange ETF segment, and place your order.
Why invest in ARMR from India
What ARMR holds
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Mirae Asset Defence Tech Index (the Index).
Outside US estate tax
ARMR 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
ARMR 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 ARMR's UCITS structure matters for Indian investors
ARMR 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 ARMR from India?
Yes. Indian residents can buy Global X Defence Tech UCITS ETF (ARMR) 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 ARMR invest in?
Its largest holdings are PALANTIR TECHNOLOGIES INC-A (11.7%), RTX CORPORATION (9.1%) and GENERAL DYNAMICS CORP (8.3%). The fund is domiciled in Ireland.
What is the expense ratio of ARMR?
Global X Defence Tech UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $509.6M.
Is ARMR a UCITS ETF, and why does that matter for Indian investors?
Yes. Global X Defence Tech 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 ARMR?
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.