NYSE Arca · ETF
Invest in FLCC ETF from India
Indian and foreign residents can buy Federated Hermes MDT Large Core ETF (FLCC) units directly through Paasa.
By Paasa · Updated
FLCC at a glance
- Price
- $36.66+$0.23 (0.63%)
- Expense ratio
- 0.4%
- Day range
- $36.50 – $36.69
- Assets
- $171.5M
- Domicile
- the US
- Holdings
- 150
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -0.22%
- 6 months
- +19.69%
- YTD
- +11.46%
- 1 year
- +14.85%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORPNVDA8.1%
- 2APPLE INCAAPL7.0%
- 3ALPHABET INC-CL AGOOGL6.5%
- 4MICROSOFT CORPMSFT4.4%
- 5AMAZON.COM INCAMZN3.2%
- 6ABBVIE INCABBV2.2%
- 7BROADCOM INCAVGO2.1%
- 8COSTCO WHOLESALE CORPCOST2.0%
- 9GENERAL ELECTRICGE1.9%
- 10MICRON TECHNOLOGY INCMU1.8%
FLCC holds 150 securities in total. These 10 are 39.3% of the fund.
Where the money is invested
Sectors
- Technology41.1%
- Financial Services11.6%
- Healthcare9.8%
- Consumer Cyclical8.9%
- Communication Services8.7%
- Industrials8.2%
Countries
- United States97.1%
- Ireland1.1%
- Bermuda1.0%
- Canada0.6%
- Australia0.2%
- Other0.0%
How to invest in FLCC 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 FLCC and buy
Find the fund by its ticker, FLCC, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in FLCC from India
What FLCC holds
This ETF's primary investment strategy involves concentrating its holdings in the common stock of prominent, large-capitalization U.S. companies. A core rule dictates that a minimum of 80% of its investable assets—encompassing both net assets and any funds leveraged for investment—must be allocated to these substantial firms.
Dividends reinvested for you
Dividends from FLCC'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
FLCC 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one FLCC unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy FLCC from India?
Yes. Indian residents can buy Federated Hermes MDT Large Core ETF (FLCC) through Paasa. It is listed on NYSE Arca 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 FLCC invest in?
Federated Hermes MDT Large Core ETF holds 150 securities. Its largest holdings are NVIDIA CORP (8.1%), APPLE INC (7.0%) and ALPHABET INC-CL A (6.5%). Technology is its largest sector at 41.1%. It is an accumulating fund domiciled in the US.
What is the expense ratio of FLCC?
Federated Hermes MDT Large Core ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $171.5M.
Does FLCC pay dividends?
No. Federated Hermes MDT Large Core 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 FLCC?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one FLCC unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $36.66, and there is no minimum trade size.
What happens to my FLCC units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.