London Stock Exchange ETF segment · UCITS ETF
Invest in FLQA ETF from India
Indian and foreign residents can buy Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA) units directly through Paasa.
By Paasa · Updated
FLQA at a glance
- Price
- $44.83-$0.26 (0.58%)
- Expense ratio
- 0.14%
- Day range
- $44.83 – $44.83
- Assets
- $560.9M
- Domicile
- Ireland
- Holdings
- 783
- Launched
- 2018
- Dividends
- —
- 1 month
- +1.11%
- 6 months
- +34.79%
- YTD
- +41.91%
- 1 year
- +55.55%
- 5 years
- +96.80%
Price change, excluding dividends.
Top 10 holdings
- 1Net Current Assets145.0%
- 2INR CGT ADJ140.7%
- 3CASH19.0%
- 4INDIAN RUPEE14.4%
- 5THAI BAHT ONSHORE3.8%
- 6MALAYSIAN RINGGIT2.0%
- 7TAIWAN DOLLAR1.5%
- 8KOREAN WON0.8%
- 9PHILIPPINE PESO0.7%
- 10HONG KONG DOLLAR0.3%
FLQA holds 783 securities in total. These 10 are 328.2% of the fund.
Where the money is invested
Sectors
- Technology55.1%
- Financial Services16.9%
- Industrials8.0%
- Consumer Cyclical4.6%
- Basic Materials3.3%
- Healthcare2.4%
Countries
- Taiwan (Province of China)39.0%
- Korea (the Republic of)29.5%
- India17.1%
- Hong Kong4.7%
- Singapore4.2%
- Thailand1.7%
How to invest in FLQA 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 FLQA and buy
Find the fund by its ticker, FLQA, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLQA from India
What FLQA holds
This Exchange Traded Fund (ETF) seeks to provide investors with access to medium and large-sized companies operating in various Asian economies, specifically excluding those based in China and Japan. The fund achieves this by investing primarily in the equities of such prominent Asian businesses that are components of its reference benchmark.
Outside US estate tax
FLQA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
FLQA 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 FLQA's UCITS structure matters for Indian investors
FLQA 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 FLQA from India?
Yes. Indian residents can buy Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA) 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 FLQA invest in?
Franklin FTSE Asia ex China ex Japan UCITS ETF holds 783 securities. Its largest holdings are Net Current Assets (145.0%), INR CGT ADJ (140.7%) and CASH (19.0%). Technology is its largest sector at 55.1%. The fund is domiciled in Ireland.
What is the expense ratio of FLQA?
Franklin FTSE Asia ex China ex Japan UCITS ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about $560.9M.
Is FLQA a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin FTSE Asia ex China ex Japan 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.
What tax do I pay in India when I sell FLQA?
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.