London Stock Exchange ETF segment · UCITS ETF
Invest in FSMU ETF from India
Indian and foreign residents can buy Fidelity Global Corp Bond Research Enhanced PAB UCITS (FSMU) units directly through Paasa.
By Paasa · Updated
FSMU at a glance
- Price
- $5.14+$0.01 (0.19%)
- Expense ratio
- 0.3%
- Day range
- $5.14 – $5.14
- Assets
- $1.2B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -2.47%
- 6 months
- -3.75%
- YTD
- -6.03%
- 1 year
- -6.20%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1MASTERCARD 3.35% 26/03/20301.0%
- 2AMAZON.COM 4.25% 13/03/20311.0%
- 3BROADCOM 3.469% 15/04/20341.0%
- 4MITSUBISHI UFJ FINANCE GROUP 5.354%/VAR 09/2028 CPN RATE = 1YR US TREASURY + 190 BP1.0%
- 5WORKDAY 3.7% 01/04/20291.0%
- 6BOA 4.623%/VAR 09/05/2029 CPN RATE = SOFR O/N DEPOSIT RATE SWAP + 111 BP1.0%
- 7IQVIA 5.7% 15/05/20281.0%
- 8EBAY 4% 15/07/20421.0%
- 9STANLEY BLACK & 6% 06/03/20281.0%
- 10AMERICAN NTL 6% 15/07/20351.0%
These 10 are 10.2% of the fund.
Where the money is invested
Countries
- United States65.2%
- Other27.9%
- France5.0%
- Denmark0.9%
- Austria0.7%
- Belgium0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FSMFLSEFidelity Global Corp Bond Research Enhanced PAB UCITS ETF INC-USD | 0.25% | 1.2B |
| FSMPLSEFidelity Global Corp Bond Research Enhanced PAB UCITS ETF ACC-GBP (Hedged) | 0.3% | 1.2B |
Assets are shown in each fund's own reporting currency.
How to invest in FSMU 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 FSMU and buy
Find the fund by its ticker, FSMU, on the London Stock Exchange ETF segment, and place your order.
Why invest in FSMU from India
What FSMU holds
The investment objective of the Sub-Fund is to align with the Paris Agreement long-term global warming objectives by restricting the carbon emission exposure of its portfolio and to achieve income and capital growth.
Outside US estate tax
FSMU 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
FSMU 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 FSMU's UCITS structure matters for Indian investors
FSMU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy FSMU from India?
Yes. Indian residents can buy Fidelity Global Corp Bond Research Enhanced PAB UCITS (FSMU) 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 FSMU invest in?
Its largest holdings are MASTERCARD 3.35% 26/03/2030 (1.0%), AMAZON.COM 4.25% 13/03/2031 (1.0%) and BROADCOM 3.469% 15/04/2034 (1.0%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of FSMU?
Fidelity Global Corp Bond Research Enhanced PAB UCITS has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.2B.
Is FSMU a UCITS ETF, and why does that matter for Indian investors?
Yes. Fidelity Global Corp Bond Research Enhanced PAB UCITS 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.
How are FSMU dividends taxed in India?
Fidelity Global Corp Bond Research Enhanced PAB UCITS is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell FSMU?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.