London Stock Exchange ETF segment · UCITS ETF
Invest in CMFP ETF from India
Indian and foreign residents can buy L&G Longer Dated All Commodities UCITS ETF (CMFP) units directly through Paasa.
By Paasa · Updated
CMFP at a glance
- Price
- £24.77-£0.10 (0.39%)
- Expense ratio
- 0.3%
- Day range
- £24.69 – £24.86
- Assets
- £722.4M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2010
- Dividends
- —
- 1 month
- +1.34%
- 6 months
- +8.77%
- YTD
- +24.27%
- 1 year
- +33.48%
- 5 years
- +74.76%
Price change, excluding dividends.
Top 10 holdings
- 1Commodities Exchange Centre (CEC) Gold Electronic Commodity Future11.9%
- 2Intercontinental Exchange Europe Brent Crude Electronic Energy Future10.6%
- 3NYMEX New York Mercantile Exchange Light Sweet Crude Oil (WTI) Electronic Energy Future8.3%
- 4Commodities Exchange Centre (CEC) Copper Electronic Commodity Future6.1%
- 5NYMEX New York Mercantile Exchange Henry Hub Natural Gas Electronic Energy Future5.7%
- 6CBT Chicago Board of Trade Soybeans Electronic Commodity Future5.6%
- 7CBT Chicago Board of Trade Corn Electronic Commodity Future5.6%
- 8Intercontinental Exchange Europe Low Sulphur Gasoil Energy Future4.8%
- 9NYMEX New York Mercantile Exchange NY Harbor ULSD Electronic Energy Future3.6%
- 10LME London Metal Exchange Aluminium USD Monthly Pit Commodity Future3.5%
These 10 are 65.7% of the fund.
Where the money is invested
Sectors
- Basic Materials48.6%
- Financial Services11.8%
- Consumer Defensive11.7%
- Consumer Cyclical9.2%
- Communication Services8.1%
- Real Estate5.5%
Countries
- Other76.5%
- United Kingdom23.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| COMFLSEL&G Longer Dated All Commodities UCITS ETF | 0.3% | 955.3M |
| ETL2XETRAL&G Longer Dated All Commodities UCITS ETF | 0.3% | 846.3M |
Assets are shown in each fund's own reporting currency.
How to invest in CMFP 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 CMFP and buy
Find the fund by its ticker, CMFP, on the London Stock Exchange ETF segment, and place your order.
Why invest in CMFP from India
What CMFP holds
The L&G Longer Dated All Commodities UCITS Exchange Traded Fund (ETF) is designed with the primary goal of replicating the returns of its benchmark, the Bloomberg Commodity Index 3 Month Forward Total Return Index.
Outside US estate tax
CMFP is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 CMFP's UCITS structure matters for Indian investors
CMFP 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 CMFP from India?
Yes. Indian residents can buy L&G Longer Dated All Commodities UCITS ETF (CMFP) 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 CMFP invest in?
Its largest holdings are Commodities Exchange Centre (CEC) Gold Electronic Commodity Future (11.9%), Intercontinental Exchange Europe Brent Crude Electronic Energy Future (10.6%) and NYMEX New York Mercantile Exchange Light Sweet Crude Oil (WTI) Electronic Energy Future (8.3%). Basic Materials is its largest sector at 48.6%. The fund is domiciled in Ireland.
What is the expense ratio of CMFP?
L&G Longer Dated All Commodities UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about £722.4M.
Is CMFP a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Longer Dated All Commodities 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 CMFP?
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.