London Stock Exchange ETF segment · UCITS ETF
Invest in FRUE ETF from India
Indian and foreign residents can buy Franklin U.S. Equity UCITS ETF (FRUE) units directly through Paasa.
By Paasa · Updated
FRUE at a glance
- Price
- $77.91+$0.57 (0.74%)
- Expense ratio
- 0.2%
- Day range
- $77.57 – $77.99
- Assets
- $73.6M
- Domicile
- Ireland
- Holdings
- 215
- Launched
- 2017
- Dividends
- —
- 1 month
- -0.04%
- 6 months
- +20.19%
- YTD
- +13.32%
- 1 year
- +16.96%
- 5 years
- +77.43%
Price change, excluding dividends.
Top 10 holdings
- 1SP500 MIC EMIN FUTDec26240.8%
- 2CASH18.4%
- 3BOYD GAMING CORP USD 0.01—
- 4SOUTHERN COPPER USD 0.01—
- 5MACY'S INC USD 0.01—
- 6H&R BLOCK INC USD NPV—
- 7ILLINOIS TOOL WO USD 0.01—
- 8PERMIAN RESOUR USD 0.0001—
- 9CISCO SYSTEMS I USD 0.001—
- 10MURPHY USA INC USD 0.01—
FRUE holds 215 securities in total. These 10 are 259.2% of the fund.
Where the money is invested
Sectors
- Technology38.6%
- Healthcare11.1%
- Communication Services10.2%
- Financial Services9.9%
- Consumer Cyclical8.9%
- Industrials7.9%
Countries
- United States99.3%
- United Kingdom0.1%
- Brazil0.1%
- Ireland0.1%
- Bermuda0.1%
- Luxembourg0.1%
How to invest in FRUE 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 FRUE and buy
Find the fund by its ticker, FRUE, on the London Stock Exchange ETF segment, and place your order.
Why invest in FRUE from India
What FRUE holds
This fund seeks to provide investment access to US companies, focusing on those with medium and large market capitalizations. It achieves this by holding equities of American businesses that are components of its specified benchmark.
Outside US estate tax
FRUE 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
FRUE 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 FRUE's UCITS structure matters for Indian investors
FRUE 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 FRUE from India?
Yes. Indian residents can buy Franklin U.S. Equity UCITS ETF (FRUE) 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 FRUE invest in?
Franklin U.S. Equity UCITS ETF holds 215 securities. Its largest holdings are SP500 MIC EMIN FUTDec26 (240.8%), CASH (18.4%) and BOYD GAMING CORP USD 0.01. Technology is its largest sector at 38.6%. The fund is domiciled in Ireland.
What is the expense ratio of FRUE?
Franklin U.S. Equity UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $73.6M.
Is FRUE a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin U.S. Equity 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 FRUE?
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.