London Stock Exchange ETF segment · UCITS ETF
Invest in FGBL ETF from India
Indian and foreign residents can buy First Trust Global Equity UCITS ETF (FGBL) units directly through Paasa.
By Paasa · Updated
FGBL at a glance
- Price
- £76.39+£0.06 (0.07%)
- Expense ratio
- 0.7%
- Day range
- £76.18 – £76.67
- Assets
- £59.7M
- Domicile
- Ireland
- Holdings
- 316
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -0.70%
- 6 months
- +12.57%
- YTD
- +17.14%
- 1 year
- +26.65%
- 5 years
- +93.61%
Price change, excluding dividends.
Top 10 holdings
- 1Banco Bilbao Vizcaya Argentaria, S.A.BBVA.MC3.3%
- 2UniCredit SpAUCG.MI2.9%
- 3TotalEnergies SETTE.PA2.8%
- 4Novo Nordisk A/S (Class B)NOVO-B.CO2.6%
- 5Comcast Corporation (Class A)CMCSA2.5%
- 6Verizon Communications Inc.VZ2.2%
- 7Shell PlcSHEL.L2.1%
- 8Korea Electric Power Corporation (KEPCO)015760.KS2.0%
- 9Allianz SEALV.DE1.9%
- 10Canadian Natural Resources Ltd.CNQ.TO1.7%
FGBL holds 316 securities in total. These 10 are 24.1% of the fund.
Where the money is invested
Sectors
- Financial Services44.0%
- Energy11.8%
- Communication Services8.3%
- Consumer Defensive6.1%
- Industrials5.7%
- Consumer Cyclical5.6%
Countries
- United States13.1%
- France8.0%
- China6.7%
- United Kingdom6.5%
- Germany6.2%
- Spain5.8%
How to invest in FGBL 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 FGBL and buy
Find the fund by its ticker, FGBL, on the London Stock Exchange ETF segment, and place your order.
Why invest in FGBL from India
What FGBL holds
This passively managed fund is designed to replicate the investment performance, including both capital appreciation and income, of the NASDAQ Global High Equity Income Index. Its goal is to track this benchmark's returns before the deduction of any fees or expenses.
Outside US estate tax
FGBL 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 FGBL's UCITS structure matters for Indian investors
FGBL 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 FGBL from India?
Yes. Indian residents can buy First Trust Global Equity UCITS ETF (FGBL) 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 FGBL invest in?
First Trust Global Equity UCITS ETF holds 316 securities. Its largest holdings are Banco Bilbao Vizcaya Argentaria, S.A. (3.3%), UniCredit SpA (2.9%) and TotalEnergies SE (2.8%). Financial Services is its largest sector at 44.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FGBL?
First Trust Global Equity UCITS ETF has an expense ratio of 0.7% a year, taken from the fund's assets rather than billed to you. The fund manages about £59.7M.
Is FGBL a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust Global Equity 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 FGBL dividends taxed in India?
First Trust Global Equity 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 FGBL?
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.