London Stock Exchange ETF segment · UCITS ETF
Invest in AUGA ETF from India
Indian and foreign residents can buy UBS MSCI Australia UCITS ETF hGBP (AUGA) units directly through Paasa.
By Paasa · Updated
AUGA at a glance
- Price
- £27.69+£0.23 (0.84%)
- Expense ratio
- 0.43%
- Day range
- £27.64 – £27.69
- Assets
- £406.4M
- Domicile
- Ireland
- Holdings
- 58
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -2.84%
- 6 months
- +0.65%
- YTD
- +4.23%
- 1 year
- +2.01%
- 5 years
- +51.33%
Price change, excluding dividends.
Top 10 holdings
- 1BHP GROUP LTD15.5%
- 2COMMONWEALTH BANK OF AUSTRAL12.7%
- 3NATIONAL AUSTRALIA BANK LTD6.1%
- 4WESTPAC BANKING CORP6.0%
- 5ANZ GROUP HOLDINGS LTD5.8%
- 6MACQUARIE GROUP LTD4.5%
- 7CSL LTD4.4%
- 8WESFARMERS LTD4.4%
- 9RIO TINTO LTD3.1%
- 10WOODSIDE ENERGY GROUP LTD3.0%
AUGA holds 58 securities in total. These 10 are 65.7% of the fund.
Where the money is invested
Sectors
- Financial Services42.4%
- Basic Materials25.2%
- Consumer Cyclical6.4%
- Healthcare5.6%
- Energy4.5%
- Industrials4.0%
Countries
- Australia99.5%
- New Zealand0.5%
How to invest in AUGA 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, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search AUGA and buy
Find the fund by its ticker, AUGA, on the London Stock Exchange ETF segment, and place your order.
Why invest in AUGA from India
What AUGA holds
This fund primarily invests in Australian equities, specifically large and mid-capitalization companies included within the MSCI Australia 100% hedged to GBP index. Its main goal is to mirror the price performance and yield of this benchmark index as closely as possible, with individual holdings weighted proportionately to their index representation.
Outside US estate tax
AUGA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from AUGA's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 AUGA's UCITS structure matters for Indian investors
AUGA 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 AUGA from India?
Yes. Indian residents can buy UBS MSCI Australia UCITS ETF hGBP (AUGA) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 AUGA invest in?
UBS MSCI Australia UCITS ETF hGBP holds 58 securities. Its largest holdings are BHP GROUP LTD (15.5%), COMMONWEALTH BANK OF AUSTRAL (12.7%) and NATIONAL AUSTRALIA BANK LTD (6.1%). Financial Services is its largest sector at 42.4%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of AUGA?
UBS MSCI Australia UCITS ETF hGBP has an expense ratio of 0.43% a year, taken from the fund's assets rather than billed to you. The fund manages about £406.4M.
Is AUGA a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI Australia UCITS ETF hGBP 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.
Does AUGA pay dividends?
No. UBS MSCI Australia UCITS ETF hGBP is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell AUGA?
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 GBP/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.