London Stock Exchange ETF segment · UCITS ETF
Invest in HYGN ETF from India
Indian and foreign residents can buy Global X - Hydrogen UCITS ETF (HYGN) units directly through Paasa.
By Paasa · Updated
HYGN at a glance
- Price
- $10.22+$0.29 (2.92%)
- Expense ratio
- 0.5%
- Day range
- $10.00 – $10.35
- Assets
- $37.0M
- Domicile
- Ireland
- Holdings
- 20
- Launched
- 2022
- Dividends
- —
- 1 month
- -1.26%
- 6 months
- +17.47%
- YTD
- +34.65%
- 1 year
- +35.36%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1BLOOM ENERGY CORP- A18.1%
- 2PLUG POWER INC13.2%
- 3ITM POWER PLC10.3%
- 4BALLARD POWER SYSTEMS INC9.0%
- 5CERES POWER HOLDINGS PLC8.6%
- 6DOOSAN FUEL CELL CO LTD7.8%
- 7NEL ASA5.7%
- 8SFC ENERGY AG-BR5.7%
- 9AIR PRODUCTS & CHEMICALS INC3.8%
- 10HYSTER-YALE INC3.6%
HYGN holds 20 securities in total. These 10 are 85.8% of the fund.
Where the money is invested
Sectors
- Industrials86.6%
- Basic Materials3.7%
- Technology2.6%
- Consumer Cyclical2.3%
Countries
- United States38.8%
- United Kingdom21.2%
- South Korea16.0%
- Canada9.0%
- Germany5.6%
- Norway5.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| HYDRNASDAQGlobal X - Hydrogen ETF | 0.5% | 94.2M |
Assets are shown in each fund's own reporting currency.
How to invest in HYGN 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 HYGN and buy
Find the fund by its ticker, HYGN, on the London Stock Exchange ETF segment, and place your order.
Why invest in HYGN from India
What HYGN holds
The Global X Hydrogen UCITS ETF (HYGN LN) endeavors to mirror the total return, encompassing both capital appreciation and income, of the Solactive Global Hydrogen v2 Index, prior to the assessment of its management fees and operational costs.
Outside US estate tax
HYGN 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
HYGN 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 HYGN's UCITS structure matters for Indian investors
HYGN 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 HYGN from India?
Yes. Indian residents can buy Global X - Hydrogen UCITS ETF (HYGN) 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 HYGN invest in?
Global X - Hydrogen UCITS ETF holds 20 securities. Its largest holdings are BLOOM ENERGY CORP- A (18.1%), PLUG POWER INC (13.2%) and ITM POWER PLC (10.3%). Industrials is its largest sector at 86.6%. The fund is domiciled in Ireland.
What is the expense ratio of HYGN?
Global X - Hydrogen UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $37.0M.
Is HYGN a UCITS ETF, and why does that matter for Indian investors?
Yes. Global X - Hydrogen 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 HYGN?
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.