London Stock Exchange ETF segment · UCITS ETF
Invest in FASE ETF from India
Indian and foreign residents can buy Invesco FTSE All Share Screened & Tilted UCITS ETF (FASE) units directly through Paasa.
By Paasa · Updated
FASE at a glance
- Price
- £55.56-£1.02 (1.80%)
- Expense ratio
- 0.12%
- Day range
- £55.52 – £56.11
- Assets
- £48.4M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -5.29%
- 6 months
- +2.76%
- YTD
- +2.03%
- 1 year
- +7.24%
- 5 years
- +27.24%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLC GBP 0.50006.7%
- 2ASTRAZENECA PLC USD0.256.5%
- 3GSK PLC GBP 25.00005.8%
- 4BARCLAYS PLC GBP0.255.2%
- 5NATWEST GROUP PLC GBP 1.07695.1%
- 6SHELL PLC GBP 0.07004.6%
- 7BP PLC GBP 0.25004.5%
- 8DIAGEO PLC GBp 28.93524.3%
- 9AVIVA GBP 0.333.7%
- 10EXPERIAN PLC USD0.13.4%
These 10 are 49.6% of the fund.
Where the money is invested
Sectors
- Financial Services28.0%
- Consumer Defensive13.3%
- Healthcare12.7%
- Industrials11.6%
- Energy9.3%
- Communication Services6.8%
Countries
- United Kingdom93.3%
- Ireland3.6%
- Switzerland2.5%
- Hong Kong0.4%
- Greece0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FASALSEInvesco FTSE All Share Screened & Tilted UCITS ETF | 0.12% | 48.4M |
Assets are shown in each fund's own reporting currency.
How to invest in FASE 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 FASE and buy
Find the fund by its ticker, FASE, on the London Stock Exchange ETF segment, and place your order.
Why invest in FASE from India
What FASE holds
This Invesco fund, the FTSE All Share Screened & Tilted UCITS ETF Dist, endeavors to replicate the net total return performance of the FTSE All Share ex Investment Trusts ESG Climate Select Index, after accounting for management fees. It provides quarterly dividend distributions to investors.
Outside US estate tax
FASE 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 FASE's UCITS structure matters for Indian investors
FASE 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 FASE from India?
Yes. Indian residents can buy Invesco FTSE All Share Screened & Tilted UCITS ETF (FASE) 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 FASE invest in?
Its largest holdings are HSBC HOLDINGS PLC GBP 0.5000 (6.7%), ASTRAZENECA PLC USD0.25 (6.5%) and GSK PLC GBP 25.0000 (5.8%). Financial Services is its largest sector at 28.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FASE?
Invesco FTSE All Share Screened & Tilted UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about £48.4M.
Is FASE a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco FTSE All Share Screened & Tilted 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.
How are FASE dividends taxed in India?
Invesco FTSE All Share Screened & Tilted UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell FASE?
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.