London Stock Exchange ETF segment · UCITS ETF
Invest in FSKY ETF from India
Indian and foreign residents can buy First Trust Cloud Computing UCITS ETF (FSKY) units directly through Paasa.
By Paasa · Updated
FSKY at a glance
- Price
- £52.48+£0.05 (0.10%)
- Expense ratio
- 0.6%
- Day range
- £52.03 – £53.00
- Assets
- £324.1M
- Domicile
- Ireland
- Holdings
- 63
- Launched
- 2018
- Dividends
- —
- 1 month
- +4.52%
- 6 months
- +50.55%
- YTD
- +27.81%
- 1 year
- +25.60%
- 5 years
- +60.53%
Price change, excluding dividends.
Top 10 holdings
- 1Everpure, Inc. (Class A)4.9%
- 2DigitalOcean Holdings, Inc.4.2%
- 3Arista Networks, Inc.3.6%
- 4Nutanix, Inc. (Class A)3.6%
- 5Alphabet Inc. (Class A)3.5%
- 6Microsoft Corporation3.5%
- 7Amazon.com, Inc.3.3%
- 8International Business Machines Corporation3.3%
- 9Oracle Corporation3.2%
- 10CoreWeave, Inc. (Class A)3.0%
FSKY holds 63 securities in total. These 10 are 36.0% of the fund.
Where the money is invested
Sectors
- Technology87.7%
- Communication Services8.4%
- Consumer Cyclical3.3%
- Healthcare0.6%
Countries
- United States93.4%
- Canada2.2%
- Australia1.7%
- Germany1.1%
- Israel1.0%
- Netherlands0.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SKYYNASDAQFirst Trust Cloud Computing ETF | 0.6% | 3.3B |
| SKYULSEFirst Trust Cloud Computing UCITS ETF | 0.6% | 428.9M |
Assets are shown in each fund's own reporting currency.
How to invest in FSKY 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 FSKY and buy
Find the fund by its ticker, FSKY, on the London Stock Exchange ETF segment, and place your order.
Why invest in FSKY from India
What FSKY holds
Functioning as a passively managed, index-tracking investment, this fund seeks to mirror the price movements and income generated by the ISE CTA Cloud Computing Exclusions Index. This replication occurs before the impact of any fees and charges.
Outside US estate tax
FSKY 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 FSKY's UCITS structure matters for Indian investors
FSKY 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 FSKY from India?
Yes. Indian residents can buy First Trust Cloud Computing UCITS ETF (FSKY) 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 FSKY invest in?
First Trust Cloud Computing UCITS ETF holds 63 securities. Its largest holdings are Everpure, Inc. (Class A) (4.9%), DigitalOcean Holdings, Inc. (4.2%) and Arista Networks, Inc. (3.6%). Technology is its largest sector at 87.7%. The fund is domiciled in Ireland.
What is the expense ratio of FSKY?
First Trust Cloud Computing UCITS ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about £324.1M.
Is FSKY a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust Cloud Computing 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 FSKY?
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.