XETRA · UCITS ETF
Invest in FUSU ETF from India
Indian and foreign residents can buy Fidelity US Quality UCITS ETF (FUSU) units directly through Paasa.
By Paasa · Updated
FUSU at a glance
- Price
- €12.15-€0.01 (0.07%)
- Expense ratio
- 0.3%
- Day range
- €12.15 – €12.17
- Assets
- €2.1B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -2.25%
- 6 months
- +15.06%
- YTD
- +8.87%
- 1 year
- +13.45%
- 5 years
- +57.79%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIANVDA8.1%
- 2APPLEAAPL7.6%
- 3MICROSOFTMSFT5.8%
- 4ALPHABET AGOOGL5.6%
- 5META PLATFORMS AMETA2.8%
- 6BROADCOMAVGO2.7%
- 7JPMORGAN CHASEJPM2.0%
- 8ELI LILLYLLY1.8%
- 9VISAV1.5%
- 10JOHNSON & JOHNSONJNJ1.4%
These 10 are 39.3% of the fund.
Where the money is invested
Sectors
- Technology37.3%
- Financial Services12.7%
- Healthcare9.9%
- Communication Services9.0%
- Consumer Cyclical8.8%
- Industrials8.3%
Countries
- United States96.3%
- Ireland1.8%
- Switzerland0.9%
- United Kingdom0.8%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FUSDLSEFidelity US Quality Income UCITS ETF INC-USD | 0.25% | 2.1B |
| FUSALSEFidelity US Quality Income UCITS ETF Acc | 0.25% | 2.1B |
| FUSPLSEFidelity US Quality Income UCITS ETF ACC-GBP (hedged) | 0.3% | 2.1B |
Assets are shown in each fund's own reporting currency.
How to invest in FUSU 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 FUSU and buy
Find the fund by its ticker, FUSU, on XETRA, and place your order.
Why invest in FUSU from India
What FUSU holds
The fund's objective is to provide investors with a total return, taking into account both capital and income returns, which reflects, before fees and expenses, the returnofthe Fidelity US Quality Income Index. For currency hedged share classes, the return will be hedged to the base currency of the relevant share class.
Outside US estate tax
FUSU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from FUSU's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 FUSU's UCITS structure matters for Indian investors
FUSU 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 FUSU from India?
Yes. Indian residents can buy Fidelity US Quality UCITS ETF (FUSU) 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 FUSU invest in?
Its largest holdings are NVIDIA (8.1%), APPLE (7.6%) and MICROSOFT (5.8%). Technology is its largest sector at 37.3%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of FUSU?
Fidelity US Quality UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €2.1B.
Is FUSU a UCITS ETF, and why does that matter for Indian investors?
Yes. Fidelity US Quality 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.
Does FUSU pay dividends?
No. Fidelity US Quality UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell FUSU?
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.