London Stock Exchange ETF segment · UCITS ETF
Invest in FLXT ETF from India
Indian and foreign residents can buy Franklin FTSE Taiwan UCITS ETF (FLXT) units directly through Paasa.
By Paasa · Updated
FLXT at a glance
- Price
- $76.09+$1.41 (1.89%)
- Expense ratio
- 0.19%
- Day range
- $75.93 – $76.48
- Assets
- $1.3B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2022
- Dividends
- —
- 1 month
- +9.23%
- 6 months
- +56.63%
- YTD
- +78.57%
- 1 year
- +93.81%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCT TWD 102330.TW29.3%
- 2MEDIATEK INC TWD 102454.TW9.2%
- 3DELTA ELECTRONICS TWD 102308.TW4.3%
- 4HON HAI PRECISION TWD 102317.TW3.6%
- 5ASE TECHNOLOGY HOL TWD 103711.TW2.7%
- 6UNITED MICROELECTR TWD 102303.TW2.1%
- 7UNIMICRON TECHNOLO TWD 103037.TW1.8%
- 8ELITE MATERIAL CO TWD 102383.TW1.7%
- 9FUBON FINANCIAL HO TWD 102881.TW1.5%
- 10CTBC FINANCIAL HOL TWD 102891.TW1.4%
These 10 are 57.7% of the fund.
Where the money is invested
Sectors
- Technology77.8%
- Financial Services11.8%
- Basic Materials3.2%
- Industrials2.8%
- Consumer Cyclical1.9%
- Communication Services1.1%
Countries
- Taiwan (Province of China)99.1%
- Cayman Islands0.7%
- Other0.1%
- Ireland0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FLTWAMEXFranklin FTSE Taiwan ETF | 0.19% | 4.1B |
Assets are shown in each fund's own reporting currency.
How to invest in FLXT 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 FLXT and buy
Find the fund by its ticker, FLXT, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLXT from India
What FLXT holds
Franklin FTSE Taiwan UCITS ETF (the Fund) invests in large and midcapitalisation stocks in Taiwan.
Outside US estate tax
FLXT 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
FLXT 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 FLXT's UCITS structure matters for Indian investors
FLXT 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 FLXT from India?
Yes. Indian residents can buy Franklin FTSE Taiwan UCITS ETF (FLXT) 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 FLXT invest in?
Its largest holdings are TAIWAN SEMICONDUCT TWD 10 (29.3%), MEDIATEK INC TWD 10 (9.2%) and DELTA ELECTRONICS TWD 10 (4.3%). Technology is its largest sector at 77.8%. The fund is domiciled in Ireland.
What is the expense ratio of FLXT?
Franklin FTSE Taiwan 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 $1.3B.
Is FLXT a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin FTSE Taiwan 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 FLXT?
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.