London Stock Exchange ETF segment · UCITS ETF
Invest in GCLE ETF from India
Indian and foreign residents can buy Invesco Global Clean Energy UCITS ETF (GCLE) units directly through Paasa.
By Paasa · Updated
GCLE at a glance
- Price
- $23.01-$0.24 (1.03%)
- Expense ratio
- 0.6%
- Day range
- $23.01 – $23.24
- Assets
- $108.3M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -6.79%
- 6 months
- -4.62%
- YTD
- +2.98%
- 1 year
- +13.77%
- 5 years
- -35.11%
Price change, excluding dividends.
Top 10 holdings
- 1DOOSAN FUEL CELL CO LTD KRW100336260.KS1.3%
- 2BLOOM ENERGY CORP- A USD0.0001BE1.2%
- 3Lotte Energy Materials Corp KRW500020150.KS1.2%
- 4NIBE INDUSTRIER AB SEK NPVNIBE-B.ST1.1%
- 5CS WIND CORP KRW500112610.KS1.1%
- 6VERBUND AG NPVVER.VI1.1%
- 7J&V ENERGY TECH TWD 10.0000000006869.TW1.1%
- 8TAMURA CORP NPV6768.T1.1%
- 9SAMSUNG SDI CO LTD KRW5000006400.KS1.0%
- 10TOYO TANSO CO LTD NPV5310.T1.0%
These 10 are 11.3% of the fund.
Where the money is invested
Sectors
- Industrials46.1%
- Utilities17.7%
- Consumer Cyclical11.0%
- Energy10.0%
- Technology7.3%
- Basic Materials6.1%
Countries
- United States21.5%
- China13.1%
- Taiwan11.6%
- South Korea10.2%
- Japan5.6%
- Spain4.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ICLNNASDAQiShares Global Clean Energy ETF | 0.38% | 2.2B |
| PBDAMEXInvesco Global Clean Energy ETF | 0.75% | 115.8M |
| GCEDLSEInvesco Global Clean Energy UCITS ETF | 0.6% | 108.3M |
Assets are shown in each fund's own reporting currency.
How to invest in GCLE 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 GCLE and buy
Find the fund by its ticker, GCLE, on the London Stock Exchange ETF segment, and place your order.
Why invest in GCLE from India
What GCLE holds
The Invesco Global Clean Energy UCITS ETF Acc endeavors to mirror the net total return performance of the WilderHill New Energy Global Innovation Index (referred to as the “Reference Index”), subsequent to the deduction of fees. This Reference Index is structured to monitor the financial performance of international companies that are at the forefront of developing innovative solutions for the production and consumption of cleaner energy, promoting energy conservation, enhancing efficiency, and fostering renewable energy advancements.
Outside US estate tax
GCLE 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
GCLE 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 GCLE's UCITS structure matters for Indian investors
GCLE 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 GCLE from India?
Yes. Indian residents can buy Invesco Global Clean Energy UCITS ETF (GCLE) 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 GCLE invest in?
Its largest holdings are DOOSAN FUEL CELL CO LTD KRW100 (1.3%), BLOOM ENERGY CORP- A USD0.0001 (1.2%) and Lotte Energy Materials Corp KRW500 (1.2%). Industrials is its largest sector at 46.1%. The fund is domiciled in Ireland.
What is the expense ratio of GCLE?
Invesco Global Clean Energy 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 $108.3M.
Is GCLE a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Global Clean Energy 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 GCLE?
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 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.