London Stock Exchange ETF segment · UCITS ETF
Invest in EMGM ETF from India
Indian and foreign residents can buy Franklin FTSE Emerging Markets UCITS ETF AccumUSD (EMGM) units directly through Paasa.
By Paasa · Updated
EMGM at a glance
- Price
- $33.25-$0.32 (0.94%)
- Expense ratio
- 0.11%
- Day range
- $33.25 – $33.27
- Assets
- $13.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2024
- Dividends
- —
- 1 month
- -2.81%
- 6 months
- +9.27%
- YTD
- +9.81%
- 1 year
- +10.61%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCT TWD 1017.8%
- 2TENCENT HOLDI HKD 0.000023.2%
- 3ALIBABA G USD 0.0000031252.4%
- 4MEDIATEK INC TWD 102.1%
- 5DELTA ELECTRONICS TWD 101.1%
- 6CHINA CONSTRUCTION CNY 11.0%
- 7HON HAI PRECISION TWD 100.9%
- 8HDFC BANK LIMITED INR 10.8%
- 9RELIANCE INDUSTRIE INR 100.8%
- 10IND & COMM BK OF CH CNY 10.7%
These 10 are 31.0% of the fund.
Where the money is invested
Sectors
- Technology32.2%
- Financial Services21.3%
- Consumer Cyclical10.0%
- Basic Materials7.6%
- Communication Services6.9%
- Industrials6.6%
Countries
- Taiwan (Province of China)35.2%
- China24.4%
- India15.0%
- Brazil4.5%
- South Africa3.1%
- Saudi Arabia3.1%
How to invest in EMGM 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 EMGM and buy
Find the fund by its ticker, EMGM, on the London Stock Exchange ETF segment, and place your order.
Why invest in EMGM from India
What EMGM holds
The Fund aims to provide exposure to large and mid-capitalisation stocks in emerging market countries globally.
Outside US estate tax
EMGM 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
EMGM 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 EMGM's UCITS structure matters for Indian investors
EMGM 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 EMGM from India?
Yes. Indian residents can buy Franklin FTSE Emerging Markets UCITS ETF AccumUSD (EMGM) 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 EMGM invest in?
Its largest holdings are TAIWAN SEMICONDUCT TWD 10 (17.8%), TENCENT HOLDI HKD 0.00002 (3.2%) and ALIBABA G USD 0.000003125 (2.4%). Technology is its largest sector at 32.2%. The fund is domiciled in Ireland.
What is the expense ratio of EMGM?
Franklin FTSE Emerging Markets UCITS ETF AccumUSD has an expense ratio of 0.11% a year, taken from the fund's assets rather than billed to you. The fund manages about $13.5M.
Is EMGM a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin FTSE Emerging Markets UCITS ETF AccumUSD 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 EMGM?
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.