London Stock Exchange ETF segment · UCITS ETF
Invest in FRXD ETF from India
Indian and foreign residents can buy Franklin European Quality Dividend UCITS ETF (FRXD) units directly through Paasa.
By Paasa · Updated
FRXD at a glance
- Price
- €35.43-€0.43 (1.20%)
- Expense ratio
- 0.25%
- Day range
- €35.36 – €35.68
- Assets
- €650.9M
- Domicile
- Ireland
- Holdings
- 60
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -4.98%
- 6 months
- -3.24%
- YTD
- +5.56%
- 1 year
- +8.27%
- 5 years
- +40.80%
Price change, excluding dividends.
Top 10 holdings
- 1BANKINTER SA EUR 0.33.6%
- 2ORION OYJ-CLASS EUR 0.653.6%
- 3CAIXABANK SA EUR 13.5%
- 4GENERALI EUR NPV3.5%
- 5ALLIANZ SE-REG EUR NPV3.3%
- 6ADMIRAL GROUP P GBP 0.0013.3%
- 7EQUINOR ASA NOK 2.53.2%
- 8GAZTRANSPORT ET EUR 0.013.2%
- 9POSTE ITALIANE SPA EUR 13.2%
- 10HANNOVER RUECK SE EUR NPV3.1%
FRXD holds 60 securities in total. These 10 are 33.5% of the fund.
Where the money is invested
Sectors
- Financial Services43.3%
- Communication Services14.1%
- Energy9.7%
- Healthcare9.3%
- Basic Materials6.8%
- Industrials6.6%
Countries
- Switzerland14.8%
- United Kingdom12.1%
- Italy11.4%
- Norway10.3%
- France9.8%
- Finland9.8%
How to invest in FRXD 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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search FRXD and buy
Find the fund by its ticker, FRXD, on the London Stock Exchange ETF segment, and place your order.
Why invest in FRXD from India
What FRXD holds
This fund aims to invest in the equity of mid-to-large capitalization companies located in developed European countries. Its objective is to target firms renowned for generating consistent and significant dividend income, with investments closely mirroring the weightings of its benchmark index.
Outside US estate tax
FRXD is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 FRXD's UCITS structure matters for Indian investors
FRXD 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 FRXD from India?
Yes. Indian residents can buy Franklin European Quality Dividend UCITS ETF (FRXD) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in EUR. 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 FRXD invest in?
Franklin European Quality Dividend UCITS ETF holds 60 securities. Its largest holdings are BANKINTER SA EUR 0.3 (3.6%), ORION OYJ-CLASS EUR 0.65 (3.6%) and CAIXABANK SA EUR 1 (3.5%). Financial Services is its largest sector at 43.3%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FRXD?
Franklin European Quality Dividend UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €650.9M.
Is FRXD a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin European Quality Dividend 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.
How are FRXD dividends taxed in India?
Franklin European Quality Dividend 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 FRXD?
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 EUR/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.