London Stock Exchange ETF segment · UCITS ETF
Invest in ESGL ETF from India
Indian and foreign residents can buy Amundi MSCI Europe ESG Selection UCITS ETF (ESGL) units directly through Paasa.
By Paasa · Updated
ESGL at a glance
- Price
- £35.66-£0.13 (0.35%)
- Expense ratio
- 0.2%
- Day range
- £35.66 – £35.84
- Assets
- £1.0B
- Domicile
- Luxembourg
- Holdings
- 228
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -2.40%
- 6 months
- +13.48%
- YTD
- +8.74%
- 1 year
- +15.73%
- 5 years
- +48.81%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NVASML.AS5.0%
- 2HSBC HOLDINGS PLCHSBA.L5.0%
- 3NOKIA OYJ HELSINKINOKIA.HE4.3%
- 4NOVARTIS AG-REGNOVN.SW3.8%
- 5ASTRAZENECA GBPAZN.L3.6%
- 6ALLIANZ SE-REGALV.DE2.7%
- 7SCHNEIDER ELECT SESU.PA2.6%
- 8ABB LTD-REGABBN.SW2.2%
- 9IBERDROLA SAIBE.MC2.1%
- 10UNILEVER PLC LONDONULVR.L2.0%
ESGL holds 228 securities in total. These 10 are 33.3% of the fund.
Where the money is invested
Sectors
- Financial Services27.6%
- Industrials19.0%
- Healthcare14.9%
- Technology10.1%
- Consumer Defensive7.1%
- Consumer Cyclical6.9%
Countries
- United Kingdom21.7%
- France18.3%
- Switzerland14.9%
- Netherlands9.9%
- Sweden6.6%
- Finland6.0%
How to invest in ESGL 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 ESGL and buy
Find the fund by its ticker, ESGL, on the London Stock Exchange ETF segment, and place your order.
Why invest in ESGL from India
What ESGL holds
The Amundi MSCI Europe ESG Selection UCITS ETF Acc is designed to closely mirror the financial performance of the MSCI Europe ESG Selection P-Series 5% Issuer Capped Index. This objective holds true in all market conditions, whether the index is experiencing growth or decline.
Outside US estate tax
ESGL is domiciled in Luxembourg, 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 ESGL'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 ESGL's UCITS structure matters for Indian investors
ESGL is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy ESGL from India?
Yes. Indian residents can buy Amundi MSCI Europe ESG Selection UCITS ETF (ESGL) 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 ESGL invest in?
Amundi MSCI Europe ESG Selection UCITS ETF holds 228 securities. Its largest holdings are ASML HOLDING NV (5.0%), HSBC HOLDINGS PLC (5.0%) and NOKIA OYJ HELSINKI (4.3%). Financial Services is its largest sector at 27.6%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of ESGL?
Amundi MSCI Europe ESG Selection UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.0B.
Is ESGL a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Europe ESG Selection UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does ESGL pay dividends?
No. Amundi MSCI Europe ESG Selection UCITS ETF 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 ESGL?
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.