XETRA · UCITS ETF
Invest in FTGG ETF from India
Indian and foreign residents can buy First Trust Germany AlphaDEX UCITS ETF (FTGG) units directly through Paasa.
By Paasa · Updated
FTGG at a glance
- Price
- €34.82+€0.31 (0.88%)
- Expense ratio
- 0.75%
- Day range
- €34.82 – €34.82
- Assets
- €7.0M
- Domicile
- Ireland
- Holdings
- 40
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -4.41%
- 6 months
- +4.39%
- YTD
- -0.30%
- 1 year
- +6.34%
- 5 years
- +13.18%
Price change, excluding dividends.
Top 10 holdings
- 1ThyssenKrupp AG5.0%
- 2Delivery Hero AG4.4%
- 3Bayerische Motoren Werke (BMW) AG4.2%
- 4Porsche Automobil Holding SE4.0%
- 5Aurubis AG3.8%
- 6United Internet AG (Registered Shares)3.8%
- 7Bayer AG3.6%
- 8KION Group AG3.5%
- 9Fresenius Medical Care AG & Co. KGaA3.5%
- 10Volkswagen AG (Preference Shares)3.5%
FTGG holds 40 securities in total. These 10 are 39.4% of the fund.
Where the money is invested
Sectors
- Industrials30.7%
- Consumer Cyclical21.3%
- Healthcare11.1%
- Basic Materials10.6%
- Communication Services6.9%
- Financial Services6.4%
Countries
- Germany99.9%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FGMNASDAQFirst Trust Germany AlphaDEX Fund | 0.8% | 93.9M |
Assets are shown in each fund's own reporting currency.
How to invest in FTGG 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 EUR when you buy.
Step 3
Search FTGG and buy
Find the fund by its ticker, FTGG, on XETRA, and place your order.
Why invest in FTGG from India
What FTGG holds
This passively managed exchange-traded fund aims to closely track the overall performance, including both price appreciation and income generation, of the NASDAQ AlphaDEX Germany Index, before factoring in its own operating expenses. The underlying Index itself features a distinctive modified equal-weighting scheme.
Outside US estate tax
FTGG 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 FTGG's UCITS structure matters for Indian investors
FTGG 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 FTGG from India?
Yes. Indian residents can buy First Trust Germany AlphaDEX UCITS ETF (FTGG) through Paasa. It is listed on XETRA and trades in EUR. 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 FTGG invest in?
First Trust Germany AlphaDEX UCITS ETF holds 40 securities. Its largest holdings are ThyssenKrupp AG (5.0%), Delivery Hero AG (4.4%) and Bayerische Motoren Werke (BMW) AG (4.2%). Industrials is its largest sector at 30.7%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FTGG?
First Trust Germany AlphaDEX UCITS ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about €7.0M.
Is FTGG a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust Germany AlphaDEX 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.
How are FTGG dividends taxed in India?
First Trust Germany AlphaDEX UCITS ETF 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 FTGG?
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 EUR/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.