London Stock Exchange ETF segment · UCITS ETF
Invest in FT1K ETF from India
Indian and foreign residents can buy Amundi MSCI UK IMI SRI Climate Paris Aligned UCITS ETF DR - C (FT1K) units directly through Paasa.
By Paasa · Updated
FT1K at a glance
- Price
- £15.03-£0.03 (0.23%)
- Expense ratio
- 0.18%
- Day range
- £15.03 – £15.15
- Assets
- £145.3M
- Domicile
- Luxembourg
- Holdings
- 114
- Launched
- 2016
- Dividends
- —
- 1 month
- -5.17%
- 6 months
- +11.98%
- YTD
- +3.94%
- 1 year
- +12.26%
- 5 years
- +38.97%
Price change, excluding dividends.
Top 10 holdings
- 1GSK PLCGSK.L5.0%
- 2LLOYDS BANKING GROUP PLCLLOY.L5.0%
- 3HALEON PLCHLN.L4.9%
- 4BARCLAYS PLCBARC.L4.7%
- 5LONDON STOCK EXCHANGE GROUP GBPLSEG.L4.3%
- 6RECKITT BENCKISER GROUP PLC GBPRKT.L4.0%
- 7RELX PLCREL.L3.9%
- 83I GROUP PLCIII.L3.7%
- 9DIPLOMA PLCDPLM.L3.3%
- 10NEXT PLCNXT.L3.3%
FT1K holds 114 securities in total. These 10 are 42.0% of the fund.
Where the money is invested
Sectors
- Financial Services22.1%
- Industrials19.5%
- Healthcare18.7%
- Real Estate10.2%
- Basic Materials6.4%
- Consumer Cyclical6.1%
Countries
- United Kingdom96.0%
- Ireland2.3%
- Other1.1%
- Bermuda0.6%
How to invest in FT1K 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 FT1K and buy
Find the fund by its ticker, FT1K, on the London Stock Exchange ETF segment, and place your order.
Why invest in FT1K from India
What FT1K holds
This Amundi ETF is designed to closely mirror the performance of the MSCI UK IMI filtered PAB Index, striving to replicate its returns as accurately as possible, regardless of whether the market is rising or falling. A primary goal is to minimize any divergence, known as 'tracking error,' between the fund's net asset value and the index's overall performance.
Outside US estate tax
FT1K is domiciled in Luxembourg, 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 FT1K's UCITS structure matters for Indian investors
FT1K is domiciled in Luxembourg, 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 FT1K from India?
Yes. Indian residents can buy Amundi MSCI UK IMI SRI Climate Paris Aligned UCITS ETF DR - C (FT1K) 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 FT1K invest in?
Amundi MSCI UK IMI SRI Climate Paris Aligned UCITS ETF DR - C holds 114 securities. Its largest holdings are GSK PLC (5.0%), LLOYDS BANKING GROUP PLC (5.0%) and HALEON PLC (4.9%). Financial Services is its largest sector at 22.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of FT1K?
Amundi MSCI UK IMI SRI Climate Paris Aligned UCITS ETF DR - C has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £145.3M.
Is FT1K a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI UK IMI SRI Climate Paris Aligned UCITS ETF DR - C is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell FT1K?
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.