London Stock Exchange ETF segment · UCITS ETF
Invest in FGQP ETF from India
Indian and foreign residents can buy Fidelity Global Quality UCITS ETF (FGQP) units directly through Paasa.
By Paasa · Updated
FGQP at a glance
- Price
- £10.71+£0.07 (0.61%)
- Expense ratio
- 0.45%
- Day range
- £10.68 – £10.73
- Assets
- £1.1B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -1.31%
- 6 months
- +13.43%
- YTD
- +11.65%
- 1 year
- +17.41%
- 5 years
- +52.96%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIANVDA5.8%
- 2APPLEAAPL5.4%
- 3MICROSOFTMSFT4.2%
- 4ALPHABET AGOOGL4.0%
- 5META PLATFORMS AMETA2.0%
- 6BROADCOMAVGO1.9%
- 7JPMORGAN CHASEJPM1.2%
- 8ELI LILLYLLY1.2%
- 9ASML HOLDINGASML.AS1.0%
- 10VISAV0.9%
These 10 are 27.7% of the fund.
Where the money is invested
Sectors
- Technology30.0%
- Financial Services17.2%
- Industrials11.6%
- Healthcare9.5%
- Consumer Cyclical8.3%
- Communication Services7.4%
Countries
- United States69.8%
- Japan6.6%
- Switzerland3.9%
- United Kingdom3.3%
- France2.8%
- Canada2.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FGQILSEFidelity Global Quality Income UCITS ETF | 0.4% | 1.1B |
| SGQXLSEAmundi Global Equity Quality Income UCITS ETF GBP Hedged Acc | 0.45% | 168.5M |
| FGEUXETRAFidelity Global Quality Income UCITS ETF INC-EUR (hedged) | 0.45% | 1.1B |
| LGQIXETRAAmundi Global Equity Quality Income UCITS ETF DIST | 0.45% | 196.0M |
| SGQDLSEAmundi Global Equity Quality Income UCITS ETF Acc | 0.45% | 223.5M |
Assets are shown in each fund's own reporting currency.
How to invest in FGQP 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 FGQP and buy
Find the fund by its ticker, FGQP, on the London Stock Exchange ETF segment, and place your order.
Why invest in FGQP from India
What FGQP holds
The primary objective of this fund is to generate a comprehensive total return for investors, integrating both capital growth and income. Its aim is to closely track the performance of the Fidelity Global Quality Income Index, before accounting for any associated fees and expenses.
Outside US estate tax
FGQP 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 FGQP's UCITS structure matters for Indian investors
FGQP 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 FGQP from India?
Yes. Indian residents can buy Fidelity Global Quality UCITS ETF (FGQP) 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 FGQP invest in?
Its largest holdings are NVIDIA (5.8%), APPLE (5.4%) and MICROSOFT (4.2%). Technology is its largest sector at 30.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FGQP?
Fidelity Global Quality UCITS ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.1B.
Is FGQP a UCITS ETF, and why does that matter for Indian investors?
Yes. Fidelity Global Quality 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 FGQP dividends taxed in India?
Fidelity Global Quality 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 FGQP?
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.