London Stock Exchange ETF segment · UCITS ETF
Invest in FLXC ETF from India
Indian and foreign residents can buy Franklin FTSE China UCITS ETF (FLXC) units directly through Paasa.
By Paasa · Updated
FLXC at a glance
- Price
- $28.39+$0.18 (0.65%)
- Expense ratio
- 0.19%
- Day range
- $28.33 – $28.69
- Assets
- $1.6B
- Domicile
- Ireland
- Holdings
- 1,151
- Launched
- 2019
- Dividends
- —
- 1 month
- -5.36%
- 6 months
- -5.55%
- YTD
- -13.20%
- 1 year
- -18.58%
- 5 years
- -12.31%
Price change, excluding dividends.
Top 10 holdings
- 1Net Current Assets78.5%
- 2MSCI China Future Dec2638.9%
- 3CHINESE RENMINBI1.6%
- 4SHENZHEN MEGMEET EL CNY 1—
- 5CHINA MINSHENG BANK CNY 1—
- 6DONG-E-E-JIAOCO LTD CNY 1—
- 7DAZHONG MINING CO L CNY 1—
- 8SHANXI COAL INTERNA CNY 1—
- 9HANSOH PHARMA HKD 0.00001—
- 10SICHUAN EM TECHNOLO CNY 1—
FLXC holds 1,151 securities in total. These 10 are 119.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical23.2%
- Financial Services19.7%
- Communication Services16.7%
- Technology10.8%
- Industrials7.2%
- Healthcare6.5%
Countries
- China91.6%
- Hong Kong4.2%
- Ireland2.1%
- Singapore0.9%
- Switzerland0.8%
- Canada0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FLCHAMEXFranklin FTSE China ETF | 0.19% | 303.6M |
Assets are shown in each fund's own reporting currency.
How to invest in FLXC 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 FLXC and buy
Find the fund by its ticker, FLXC, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLXC from India
What FLXC holds
This fund is designed to offer investors an opportunity to invest in significant Chinese companies. It achieves this by strategically allocating capital to the shares of mid-sized and large-market capitalization firms based in China that are included in its specified benchmark index.
Outside US estate tax
FLXC 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
FLXC 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 FLXC's UCITS structure matters for Indian investors
FLXC 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 FLXC from India?
Yes. Indian residents can buy Franklin FTSE China UCITS ETF (FLXC) 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 FLXC invest in?
Franklin FTSE China UCITS ETF holds 1,151 securities. Its largest holdings are Net Current Assets (78.5%), MSCI China Future Dec26 (38.9%) and CHINESE RENMINBI (1.6%). Consumer Cyclical is its largest sector at 23.2%. The fund is domiciled in Ireland.
What is the expense ratio of FLXC?
Franklin FTSE China UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.6B.
Is FLXC a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin FTSE China 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 FLXC?
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.