London Stock Exchange ETF segment · UCITS ETF
Invest in FLPE ETF from India
Indian and foreign residents can buy Northern Trust Listed Private Equity UCITS ETF Accum (FLPE) units directly through Paasa.
By Paasa · Updated
FLPE at a glance
- Price
- $21.08-$0.35 (1.61%)
- Expense ratio
- 0.4%
- Day range
- $21.08 – $21.35
- Assets
- $270.9M
- Domicile
- Ireland
- Holdings
- 69
- Launched
- 2021
- Dividends
- Accumulating
- 1 month
- -10.03%
- 6 months
- +1.49%
- YTD
- -19.26%
- 1 year
- -20.39%
- 5 years
- —
Price change, excluding dividends.
Where the money is invested
Sectors
- Financial Services96.6%
- Industrials2.8%
- Real Estate0.3%
- Technology0.1%
- Consumer Cyclical0.1%
- Healthcare0.0%
Countries
- United States48.1%
- United Kingdom13.5%
- Sweden13.2%
- Japan7.7%
- Switzerland4.8%
- France2.9%
How to invest in FLPE 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 FLPE and buy
Find the fund by its ticker, FLPE, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLPE from India
What FLPE holds
The primary goal of this fund is to mirror, as closely as possible, the returns generated by a specific benchmark index. This benchmark is the Foxberry Listed Private Equity SDG Screened USD Net Total Return Index, frequently referred to as the "Underlying Index." The fund aims to achieve these results, which encompass both capital appreciation and income, prior to the deduction of any management fees or operational expenses.
Outside US estate tax
FLPE 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 FLPE'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
FLPE 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 FLPE's UCITS structure matters for Indian investors
FLPE 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 FLPE from India?
Yes. Indian residents can buy Northern Trust Listed Private Equity UCITS ETF Accum (FLPE) 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 FLPE invest in?
Northern Trust Listed Private Equity UCITS ETF Accum holds 69 securities. Financial Services is its largest sector at 96.6%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of FLPE?
Northern Trust Listed Private Equity UCITS ETF Accum has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $270.9M.
Is FLPE a UCITS ETF, and why does that matter for Indian investors?
Yes. Northern Trust Listed Private Equity UCITS ETF Accum 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 FLPE pay dividends?
No. Northern Trust Listed Private Equity UCITS ETF Accum 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 FLPE?
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.