London Stock Exchange ETF segment · UCITS ETF
Invest in FLXI ETF from India
Indian and foreign residents can buy Franklin FTSE India UCITS ETF (FLXI) units directly through Paasa.
By Paasa · Updated
FLXI at a glance
- Price
- $40.02+$0.10 (0.24%)
- Expense ratio
- 0.19%
- Day range
- $39.74 – $40.13
- Assets
- $1.9B
- Domicile
- Ireland
- Holdings
- 267
- Launched
- 2019
- Dividends
- —
- 1 month
- -4.95%
- 6 months
- +0.79%
- YTD
- -10.84%
- 1 year
- -8.70%
- 5 years
- +11.90%
Price change, excluding dividends.
Top 10 holdings
- 1HDFC BANK LIMITED INR 1HDFCBANK.BO5.3%
- 2RELIANCE INDUSTRIE INR 10RELIANCE.BO5.2%
- 3ICICI BANK LTD INR 2ICICIBANK.BO4.5%
- 4BHARTI AIRTEL LTD INR 5BHARTIARTL.BO3.6%
- 5INFOSYS LTD INR 5INFY.BO2.3%
- 6MAHINDRA & MAHINDRA INR 5M&M.NS1.8%
- 7AXIS BANK LTD INR 2AXISBANK.BO1.7%
- 8BAJAJ FINANCE LTD INR 1BAJFINANCE.BO1.7%
- 9LARSEN & TOUBRO LTD INR 2LT.BO1.7%
- 10KOTAK MAHINDRA BANK INR 1KOTAKBANK.BO1.4%
FLXI holds 267 securities in total. These 10 are 29.2% of the fund.
Where the money is invested
Sectors
- Financial Services27.6%
- Industrials11.4%
- Consumer Cyclical11.2%
- Basic Materials9.1%
- Energy8.0%
- Technology7.9%
Countries
- India99.5%
- Other0.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FLINAMEXFranklin FTSE India ETF | 0.19% | 2.6B |
Assets are shown in each fund's own reporting currency.
How to invest in FLXI 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 FLXI and buy
Find the fund by its ticker, FLXI, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLXI from India
What FLXI holds
This fund aims to offer investors access to India's medium and large-sized companies. It achieves this by directly purchasing shares of Indian businesses within the mid and large market capitalization segments, specifically those that are constituents of its benchmark index.
Outside US estate tax
FLXI 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
FLXI 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 FLXI's UCITS structure matters for Indian investors
FLXI 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 FLXI from India?
Yes. Indian residents can buy Franklin FTSE India UCITS ETF (FLXI) 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 FLXI invest in?
Franklin FTSE India UCITS ETF holds 267 securities. Its largest holdings are HDFC BANK LIMITED INR 1 (5.3%), RELIANCE INDUSTRIE INR 10 (5.2%) and ICICI BANK LTD INR 2 (4.5%). Financial Services is its largest sector at 27.6%. The fund is domiciled in Ireland.
What is the expense ratio of FLXI?
Franklin FTSE India 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 $1.9B.
Is FLXI a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin FTSE India 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 FLXI?
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.