London Stock Exchange ETF segment · UCITS ETF
Invest in FDN ETF from India
Indian and foreign residents can buy First Trust Dow Jones Internet UCITS ETF (FDN) units directly through Paasa.
By Paasa · Updated
FDN at a glance
- Price
- £30.02-£0.22 (0.73%)
- Expense ratio
- 0.55%
- Day range
- £30.02 – £30.30
- Assets
- £38.2M
- Domicile
- Ireland
- Holdings
- 41
- Launched
- 2018
- Dividends
- —
- 1 month
- +1.97%
- 6 months
- +22.15%
- YTD
- +7.60%
- 1 year
- +5.60%
- 5 years
- +23.56%
Price change, excluding dividends.
Top 10 holdings
- 1Meta Platforms Inc. (Class A)11.1%
- 2Amazon.com, Inc.9.8%
- 3Cisco Systems, Inc.8.5%
- 4Alphabet Inc. (Class A)5.8%
- 5Netflix, Inc.5.7%
- 6Arista Networks, Inc.4.7%
- 7Alphabet Inc. (Class C)4.6%
- 8salesforce.com, inc.4.2%
- 9Booking Holdings Inc.4.2%
- 10Snowflake Inc. (Class A)4.0%
FDN holds 41 securities in total. These 10 are 62.7% of the fund.
Where the money is invested
Sectors
- Technology44.0%
- Communication Services29.3%
- Consumer Cyclical22.4%
- Financial Services2.2%
- Healthcare1.4%
- Industrials0.8%
Countries
- United States98.8%
- Australia1.1%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FDNAMEXFirst Trust Dow Jones Internet Index Fund | 0.49% | 5.2B |
| FDNULSEFirst Trust Dow Jones Internet UCITS ETF | 0.55% | 50.6M |
Assets are shown in each fund's own reporting currency.
How to invest in FDN 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 FDN and buy
Find the fund by its ticker, FDN, on the London Stock Exchange ETF segment, and place your order.
Why invest in FDN from India
What FDN holds
Operating as a passive investment, this fund aims to match the returns (both capital growth and income) of the Dow Jones Internet Composite Index, before accounting for its operational costs. This particular index follows a predefined methodology, focusing on the 40 biggest and most frequently traded U.S.-based companies within the internet sector.
Outside US estate tax
FDN 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 FDN's UCITS structure matters for Indian investors
FDN 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 FDN from India?
Yes. Indian residents can buy First Trust Dow Jones Internet UCITS ETF (FDN) 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 FDN invest in?
First Trust Dow Jones Internet UCITS ETF holds 41 securities. Its largest holdings are Meta Platforms Inc. (Class A) (11.1%), Amazon.com, Inc. (9.8%) and Cisco Systems, Inc. (8.5%). Technology is its largest sector at 44.0%. The fund is domiciled in Ireland.
What is the expense ratio of FDN?
First Trust Dow Jones Internet UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about £38.2M.
Is FDN a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust Dow Jones Internet 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 FDN?
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.