London Stock Exchange ETF segment · UCITS ETF
Invest in ECOG ETF from India
Indian and foreign residents can buy L&G Ecommerce Logistics UCITS ETF (ECOG) units directly through Paasa.
By Paasa · Updated
ECOG at a glance
- Price
- £14.50-£0.07 (0.46%)
- Expense ratio
- 0.49%
- Day range
- £14.42 – £14.54
- Assets
- £56.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -1.60%
- 6 months
- +9.58%
- YTD
- +2.80%
- 1 year
- +3.39%
- 5 years
- +12.80%
Price change, excluding dividends.
Top 10 holdings
- 1NIPPON EXPRESS HOLDINGS INC JPY 1.03.0%
- 2MANHATTAN ASSOCS INC USD 0.012.9%
- 3SPS COMM INC USD 0.0012.8%
- 4JAPAN POST HOLDINGS CO LTD2.7%
- 5OCADO GROUP PLC 2P2.7%
- 6SEGRO PLC GBP 0.12.7%
- 7ETSY INC USD 0.0012.7%
- 8NTG NORDIC TRANSPORT GROUP DKK 1.02.7%
- 9AP MOLLER - MAERSK A/S DKK 1000.02.6%
- 10GLOBAL-E ONLINE LTD NPV2.5%
These 10 are 27.3% of the fund.
Where the money is invested
Sectors
- Industrials37.0%
- Consumer Cyclical30.0%
- Technology18.7%
- Real Estate7.5%
- Consumer Defensive4.1%
- Financial Services2.6%
Countries
- United States33.8%
- Japan17.5%
- Denmark6.8%
- Germany6.7%
- China6.5%
- United Kingdom5.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ETLHXETRAL&G Ecommerce Logistics UCITS ETF | 0.49% | 65.6M |
| ECOMLSEL&G Ecommerce Logistics UCITS ETF | 0.49% | 74.0M |
Assets are shown in each fund's own reporting currency.
How to invest in ECOG 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 ECOG and buy
Find the fund by its ticker, ECOG, on the London Stock Exchange ETF segment, and place your order.
Why invest in ECOG from India
What ECOG holds
This investment vehicle, the L&G Ecommerce Logistics UCITS ETF, has the primary goal of replicating the performance of the Solactive Ecommerce Logistics Index.
Outside US estate tax
ECOG 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 ECOG's UCITS structure matters for Indian investors
ECOG 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 ECOG from India?
Yes. Indian residents can buy L&G Ecommerce Logistics UCITS ETF (ECOG) 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 ECOG invest in?
Its largest holdings are NIPPON EXPRESS HOLDINGS INC JPY 1.0 (3.0%), MANHATTAN ASSOCS INC USD 0.01 (2.9%) and SPS COMM INC USD 0.001 (2.8%). Industrials is its largest sector at 37.0%. The fund is domiciled in Ireland.
What is the expense ratio of ECOG?
L&G Ecommerce Logistics UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about £56.0M.
Is ECOG a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Ecommerce Logistics 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 ECOG?
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.