London Stock Exchange ETF segment · UCITS ETF
Invest in HUKX ETF from India
Indian and foreign residents can buy HSBC FTSE 100 UCITS ETF (HUKX) units directly through Paasa.
By Paasa · Updated
HUKX at a glance
- Price
- £105.46-£0.32 (0.30%)
- Expense ratio
- 0.07%
- Day range
- £105.44 – £106.62
- Assets
- £862.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -1.88%
- 6 months
- +4.64%
- YTD
- +6.04%
- 1 year
- +13.64%
- 5 years
- +50.19%
Price change, excluding dividends.
Top 10 holdings
- 1Capital Cash Ctrl23.0%
- 2HSBC Holdings PLC10.1%
- 3Shell PLC8.2%
- 4AstraZeneca PLC7.3%
- 5Rolls-Royce Holdings PLC4.8%
- 6Unilever PLC3.8%
- 7BP PLC3.4%
- 8British American Tobacco PLC3.3%
- 9GSK PLC2.9%
- 10Rio Tinto PLC Ordinary Shares2.9%
These 10 are 69.8% of the fund.
Where the money is invested
Sectors
- Financial Services26.4%
- Industrials14.4%
- Consumer Defensive13.8%
- Healthcare11.9%
- Energy10.8%
- Basic Materials8.8%
Countries
- United Kingdom93.5%
- Switzerland2.5%
- Ireland1.1%
- Hong Kong1.0%
- Other0.9%
- Bermuda0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VUKELSEVanguard FTSE 100 UCITS ETF | 0.09% | 6.7B |
| CUKXLSEiShares Core FTSE 100 UCITS ETF GBP (Acc) | 0.07% | 3.2B |
| ISFULSEiShares Core FTSE 100 UCITS ETF | 0.07% | 21.6B |
| ISFDLSEiShares Core FTSE 100 UCITS ETF | 0.2% | 232.0M |
| S100LSEInvesco FTSE 100 UCITS ETF | 0.09% | 35.0M |
Assets are shown in each fund's own reporting currency.
How to invest in HUKX 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 HUKX and buy
Find the fund by its ticker, HUKX, on the London Stock Exchange ETF segment, and place your order.
Why invest in HUKX from India
What HUKX holds
This Fund's primary objective is to closely emulate the performance of the FTSE 100 Index. To achieve this, it will either directly acquire or gain exposure to the equities of the companies that comprise the Index.
Outside US estate tax
HUKX 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 HUKX's UCITS structure matters for Indian investors
HUKX 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 HUKX from India?
Yes. Indian residents can buy HSBC FTSE 100 UCITS ETF (HUKX) 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 HUKX invest in?
Its largest holdings are Capital Cash Ctrl (23.0%), HSBC Holdings PLC (10.1%) and Shell PLC (8.2%). Financial Services is its largest sector at 26.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of HUKX?
HSBC FTSE 100 UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about £862.5M.
Is HUKX a UCITS ETF, and why does that matter for Indian investors?
Yes. HSBC FTSE 100 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 HUKX dividends taxed in India?
HSBC FTSE 100 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 HUKX?
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.