London Stock Exchange ETF segment · UCITS ETF
Invest in FPX ETF from India
Indian and foreign residents can buy First Trust US Equity Opportunities UCITS ETF (FPX) units directly through Paasa.
By Paasa · Updated
FPX at a glance
- Price
- £49.85-£0.55 (1.09%)
- Expense ratio
- 0.65%
- Day range
- £49.82 – £50.35
- Assets
- £12.6M
- Domicile
- Ireland
- Holdings
- 100
- Launched
- 2015
- Dividends
- —
- 1 month
- -0.58%
- 6 months
- +13.16%
- YTD
- +7.84%
- 1 year
- +10.77%
- 5 years
- +45.21%
Price change, excluding dividends.
Top 10 holdings
- 1GE Vernova Inc.GEV7.5%
- 2Eli Lilly and CompanyLLY7.3%
- 3Sandisk CorporationSNDK7.1%
- 4Space Exploration Technologies Corp.SPCX6.2%
- 5Seagate Technology PlcSTX5.5%
- 6Warner Bros. Discovery, Inc.WBD3.1%
- 7HF Sinclair Corp.DINO2.9%
- 8Lumentum Holdings Inc.LITE2.8%
- 9Twilio Inc. (Class A)TWLO2.1%
- 10Corpay Inc.CPAY2.0%
FPX holds 100 securities in total. These 10 are 46.5% of the fund.
Where the money is invested
Sectors
- Technology31.0%
- Healthcare22.0%
- Industrials16.8%
- Financial Services7.8%
- Communication Services6.5%
- Energy5.8%
Countries
- United States90.6%
- Singapore5.5%
- United Kingdom1.4%
- Bermuda1.2%
- Ireland1.0%
- Other0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FPXAMEXFirst Trust US Equity Opportunities ETF | 0.57% | 1.5B |
Assets are shown in each fund's own reporting currency.
How to invest in FPX 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 GBP when you buy.
Step 3
Search FPX and buy
Find the fund by its ticker, FPX, on the London Stock Exchange ETF segment, and place your order.
Why invest in FPX from India
What FPX holds
This Exchange Traded Fund (ETF) employs a passive management approach, seeking to replicate the investment performance, including both capital appreciation and income, of the IPOX-100 US Index. The benchmark itself is a modified value-weighted price index, which measures the returns of the one hundred largest U.S.-based companies.
Outside US estate tax
FPX 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 FPX's UCITS structure matters for Indian investors
FPX 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 FPX from India?
Yes. Indian residents can buy First Trust US Equity Opportunities UCITS ETF (FPX) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 FPX invest in?
First Trust US Equity Opportunities UCITS ETF holds 100 securities. Its largest holdings are GE Vernova Inc. (7.5%), Eli Lilly and Company (7.3%) and Sandisk Corporation (7.1%). Technology is its largest sector at 31.0%. The fund is domiciled in Ireland.
What is the expense ratio of FPX?
First Trust US Equity Opportunities UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about £12.6M.
Is FPX a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust US Equity Opportunities 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 FPX?
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 GBP/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.