London Stock Exchange ETF segment · UCITS ETF
Invest in FEXU ETF from India
Indian and foreign residents can buy First Trust US Large Core AlphaDEX UCITS ETF (FEXU) units directly through Paasa.
By Paasa · Updated
FEXU at a glance
- Price
- $110.41-$0.68 (0.61%)
- Expense ratio
- 0.75%
- Day range
- $110.21 – $110.51
- Assets
- $151.8M
- Domicile
- Ireland
- Holdings
- 375
- Launched
- 2013
- Dividends
- Accumulating
- 1 month
- -2.88%
- 6 months
- +8.16%
- YTD
- +11.18%
- 1 year
- +14.20%
- 5 years
- +63.33%
Price change, excluding dividends.
Top 10 holdings
- 1Accenture Plc0.7%
- 2Cognizant Technology Solutions Corporation0.7%
- 3Super Micro Computer, Inc.0.6%
- 4Everpure, Inc. (Class A)0.6%
- 5Dell Technologies Inc. (Class C)0.6%
- 6Illumina, Inc.0.6%
- 7Regeneron Pharmaceuticals, Inc.0.6%
- 8Natera, Inc.0.6%
- 9Phillips 660.6%
- 10ConocoPhillips0.6%
FEXU holds 375 securities in total. These 10 are 6.0% of the fund.
Where the money is invested
Sectors
- Technology20.0%
- Industrials16.0%
- Financial Services14.7%
- Healthcare10.0%
- Consumer Cyclical8.1%
- Energy7.7%
Countries
- United States94.5%
- Ireland2.6%
- Switzerland1.2%
- Bermuda0.5%
- Singapore0.4%
- Cayman Islands0.3%
How to invest in FEXU 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 FEXU and buy
Find the fund by its ticker, FEXU, on the London Stock Exchange ETF segment, and place your order.
Why invest in FEXU from India
What FEXU holds
This passively managed exchange-traded fund (ETF) is designed to provide investors with a comprehensive return, including both capital gains and income, reflective of the NASDAQ AlphaDEX Large Cap Core Index prior to fees and expenses. The underlying Index itself is distinctive, featuring a modified equally-weighted composition.
Outside US estate tax
FEXU is domiciled in Ireland, 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 FEXU's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
FEXU 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 FEXU's UCITS structure matters for Indian investors
FEXU 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 FEXU from India?
Yes. Indian residents can buy First Trust US Large Core AlphaDEX UCITS ETF (FEXU) 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 FEXU invest in?
First Trust US Large Core AlphaDEX UCITS ETF holds 375 securities. Its largest holdings are Accenture Plc (0.7%), Cognizant Technology Solutions Corporation (0.7%) and Super Micro Computer, Inc. (0.6%). Technology is its largest sector at 20.0%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of FEXU?
First Trust US Large Core AlphaDEX UCITS ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $151.8M.
Is FEXU a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust US Large Core AlphaDEX 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.
Does FEXU pay dividends?
No. First Trust US Large Core AlphaDEX 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 FEXU?
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.