London Stock Exchange ETF segment · UCITS ETF
Invest in FBTU ETF from India
Indian and foreign residents can buy First Trust NYSE Arca Biotechnology UCITS ETF (FBTU) units directly through Paasa.
By Paasa · Updated
FBTU at a glance
- Price
- $33.29+$0.01 (0.02%)
- Expense ratio
- 0.6%
- Day range
- $33.29 – $33.53
- Assets
- $16.7M
- Domicile
- Ireland
- Holdings
- 30
- Launched
- 2020
- Dividends
- —
- 1 month
- +0.91%
- 6 months
- +41.42%
- YTD
- +28.98%
- 1 year
- +54.12%
- 5 years
- +62.71%
Price change, excluding dividends.
Top 10 holdings
- 1Natera, Inc.4.6%
- 2Halozyme Therapeutics, Inc.4.5%
- 3Illumina, Inc.4.3%
- 4NeoGenomics, Inc.4.2%
- 5Repligen Corporation4.1%
- 6Corcept Therapeutics Incorporated3.8%
- 7BeiGene, Ltd. (ADR)3.7%
- 8Genmab A/S (ADR)3.7%
- 9Gilead Sciences, Inc.3.6%
- 10Amgen Inc.3.5%
FBTU holds 30 securities in total. These 10 are 40.0% of the fund.
Where the money is invested
Countries
- United States83.6%
- Switzerland3.7%
- Denmark3.6%
- Netherlands3.3%
- Germany3.3%
- Ireland2.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FBTAMEXFirst Trust NYSE Arca Biotechnology Index Fund | 0.55% | 3.0B |
Assets are shown in each fund's own reporting currency.
How to invest in FBTU 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 FBTU and buy
Find the fund by its ticker, FBTU, on the London Stock Exchange ETF segment, and place your order.
Why invest in FBTU from India
What FBTU holds
This passively managed investment vehicle aims to broadly replicate the price movements and income generated by the NYSE Arca Biotechnology IndexSM, before any fees and expenses are deducted. The underlying "Index" is constructed using a modified equal-weighting methodology and tracks the performance of a diverse group of companies within the biotechnology sector, primarily those engaged in leveraging biological processes to develop products or provide specialized services.
Outside US estate tax
FBTU 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
FBTU 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 FBTU's UCITS structure matters for Indian investors
FBTU 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 FBTU from India?
Yes. Indian residents can buy First Trust NYSE Arca Biotechnology UCITS ETF (FBTU) 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 FBTU invest in?
First Trust NYSE Arca Biotechnology UCITS ETF holds 30 securities. Its largest holdings are Natera, Inc. (4.6%), Halozyme Therapeutics, Inc. (4.5%) and Illumina, Inc. (4.3%). The fund is domiciled in Ireland.
What is the expense ratio of FBTU?
First Trust NYSE Arca Biotechnology UCITS ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $16.7M.
Is FBTU a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust NYSE Arca Biotechnology 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 FBTU?
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.