London Stock Exchange ETF segment · UCITS ETF
Invest in GLUG ETF from India
Indian and foreign residents can buy L&G Clean Water UCITS ETF (GLUG) units directly through Paasa.
By Paasa · Updated
GLUG at a glance
- Price
- $20.55+$0.15 (0.73%)
- Expense ratio
- 0.49%
- Day range
- $20.50 – $20.56
- Assets
- $771.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- —
- 1 month
- -4.93%
- 6 months
- +0.90%
- YTD
- +0.17%
- 1 year
- -0.08%
- 5 years
- +26.32%
Price change, excluding dividends.
Top 10 holdings
- 1METTLER-TOLEDO INTL INC USD 0.01MTD2.0%
- 2LANDIS+GYR GROUP AG CHF 10.0LAND.SW1.9%
- 3GEORG FISCHER AG CHF 1.0GF.SW1.9%
- 4XYLEM INC USD 0.01XYL1.9%
- 5IDEX CORP USD 0.01IEX1.9%
- 6INGEVITY CORP USD 0.01NGVT1.9%
- 7CECO ENVIRONMENTAL CORP USD 0.01CECO1.9%
- 8FLOWSERVE CORP USD 1.25FLS1.9%
- 9BADGER METER INC USD 1.0BMI1.8%
- 10SABESP CIA SPONS ADR REPR 1 COM NPVSBS1.8%
These 10 are 18.9% of the fund.
Where the money is invested
Sectors
- Industrials63.7%
- Utilities15.7%
- Basic Materials9.8%
- Technology6.8%
- Healthcare2.1%
- Consumer Defensive1.9%
Countries
- United States57.9%
- Japan12.6%
- United Kingdom11.6%
- Switzerland7.2%
- Finland2.9%
- Brazil1.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| AQWANASDAQGlobal X - Clean Water ETF | 0.5% | 20.6M |
| AQWALSEGlobal X - Clean Water UCITS ETF | 0.5% | 24.7M |
Assets are shown in each fund's own reporting currency.
How to invest in GLUG 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 GLUG and buy
Find the fund by its ticker, GLUG, on the London Stock Exchange ETF segment, and place your order.
Why invest in GLUG from India
What GLUG holds
The L&G Clean Water UCITS ETF is designed to replicate the investment performance of the Solactive Clean Water Index NTR.
Outside US estate tax
GLUG 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
GLUG 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 GLUG's UCITS structure matters for Indian investors
GLUG 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 GLUG from India?
Yes. Indian residents can buy L&G Clean Water UCITS ETF (GLUG) 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 GLUG invest in?
Its largest holdings are METTLER-TOLEDO INTL INC USD 0.01 (2.0%), LANDIS+GYR GROUP AG CHF 10.0 (1.9%) and GEORG FISCHER AG CHF 1.0 (1.9%). Industrials is its largest sector at 63.7%. The fund is domiciled in Ireland.
What is the expense ratio of GLUG?
L&G Clean Water UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about $771.5M.
Is GLUG a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Clean Water 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 GLUG?
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.