London Stock Exchange ETF segment · UCITS ETF
Invest in FKUD ETF from India
Indian and foreign residents can buy First Trust United Kingdom AlphaDEX UCITS ETF (FKUD) units directly through Paasa.
By Paasa · Updated
FKUD at a glance
- Price
- £30.81+£0.03 (0.08%)
- Expense ratio
- 0.75%
- Day range
- £30.81 – £30.81
- Assets
- £3.7M
- Domicile
- Ireland
- Holdings
- 76
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -1.67%
- 6 months
- +7.75%
- YTD
- +8.79%
- 1 year
- +15.15%
- 5 years
- +40.04%
Price change, excluding dividends.
Top 10 holdings
- 1Computacenter Plc2.7%
- 2Shell Plc2.6%
- 3easyJet Plc2.6%
- 4Kingfisher Plc2.5%
- 5Standard Life PLC2.3%
- 6Balfour Beatty Plc2.3%
- 73i Group Plc2.2%
- 8Lion Finance Group PLC2.2%
- 9Softcat Plc2.1%
- 10Hiscox Ltd2.1%
FKUD holds 76 securities in total. These 10 are 23.5% of the fund.
Where the money is invested
Sectors
- Financial Services23.5%
- Consumer Cyclical15.9%
- Industrials13.2%
- Consumer Defensive11.8%
- Basic Materials9.2%
- Technology6.6%
Countries
- United Kingdom89.0%
- Switzerland3.0%
- Bermuda2.2%
- Ireland1.8%
- United States1.5%
- Hong Kong1.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FKUNASDAQFirst Trust United Kingdom AlphaDEX Fund | 0.8% | 35.1M |
| FKULSEFirst Trust United Kingdom AlphaDEX UCITS ETF | 0.75% | 8.1M |
Assets are shown in each fund's own reporting currency.
How to invest in FKUD 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 FKUD and buy
Find the fund by its ticker, FKUD, on the London Stock Exchange ETF segment, and place your order.
Why invest in FKUD from India
What FKUD holds
This fund operates as a passively managed investment vehicle, striving to deliver a comprehensive total return to its investors, comprising both capital growth and income. Its objective is to closely mirror the performance of the NASDAQ AlphaDEX United Kingdom Index, before factoring in any associated fees and costs.
Outside US estate tax
FKUD 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 FKUD's UCITS structure matters for Indian investors
FKUD 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 FKUD from India?
Yes. Indian residents can buy First Trust United Kingdom AlphaDEX UCITS ETF (FKUD) 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 FKUD invest in?
First Trust United Kingdom AlphaDEX UCITS ETF holds 76 securities. Its largest holdings are Computacenter Plc (2.7%), Shell Plc (2.6%) and easyJet Plc (2.6%). Financial Services is its largest sector at 23.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FKUD?
First Trust United Kingdom 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 £3.7M.
Is FKUD a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust United Kingdom 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.
How are FKUD dividends taxed in India?
First Trust United Kingdom AlphaDEX 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 FKUD?
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.