London Stock Exchange ETF segment · UCITS ETF
Invest in FLUC ETF from India
Indian and foreign residents can buy Franklin Investment Grade Corporate Bond UCITS ETF (FLUC) units directly through Paasa.
By Paasa · Updated
FLUC at a glance
- Price
- $22.84-$0.01 (0.03%)
- Expense ratio
- 0.35%
- Day range
- $22.84 – $22.94
- Assets
- $30.9M
- Domicile
- Ireland
- Holdings
- 121
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -3.28%
- 6 months
- -4.34%
- YTD
- -6.26%
- 1 year
- -6.87%
- 5 years
- -19.51%
Price change, excluding dividends.
Top 10 holdings
- 1Net Current Assets68.0%
- 2CASH32.0%
- 3EURO0.0%
- 4Citigroup VAR 17/11/33—
- 5Pacific G 5.05% 15/11/31—
- 6T-Mobile 3.375% 15/04/29—
- 7Nasdaq In 2.5% 21/12/40—
- 8FREEPORT- 5.45% 15/03/43—
- 9Meta Plat 4.45% 15/08/52—
- 10Suzano Au 4% 15/01/31—
FLUC holds 121 securities in total. These 10 are 100.0% of the fund.
Where the money is invested
Sectors
- Healthcare3.0%
- Technology2.2%
- Financial Services0.6%
- Energy0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FLCOAMEXFranklin Investment Grade Corporate ETF | 0.35% | 542.8M |
| GXIGAMEXGlobal X - Investment Grade Corporate Bond ETF | 0.15% | 162.0M |
Assets are shown in each fund's own reporting currency.
How to invest in FLUC 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 FLUC and buy
Find the fund by its ticker, FLUC, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLUC from India
What FLUC holds
This ETF aims to deliver consistent income by investing in the US dollar bond market, while simultaneously striving to safeguard investors' initial capital to a reasonable extent. The fund predominantly allocates its assets to high-quality corporate debt instruments, which can feature either fixed or adjustable interest payments, and are exclusively denominated in US dollars.
Outside US estate tax
FLUC 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
FLUC 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 FLUC's UCITS structure matters for Indian investors
FLUC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy FLUC from India?
Yes. Indian residents can buy Franklin Investment Grade Corporate Bond UCITS ETF (FLUC) 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 FLUC invest in?
Franklin Investment Grade Corporate Bond UCITS ETF holds 121 securities. Its largest holdings are Net Current Assets (68.0%), CASH (32.0%) and EURO (0.0%). Healthcare is its largest sector at 3.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FLUC?
Franklin Investment Grade Corporate Bond UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $30.9M.
Is FLUC a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin Investment Grade Corporate Bond 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.
How are FLUC dividends taxed in India?
Franklin Investment Grade Corporate Bond 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 FLUC?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.