London Stock Exchange ETF segment · UCITS ETF
Invest in L100 ETF from India
Indian and foreign residents can buy Amundi Core FTSE 100 Swap UCITS ETF (L100) units directly through Paasa.
By Paasa · Updated
L100 at a glance
- Price
- £19.64-£0.01 (0.07%)
- Expense ratio
- 0.14%
- Day range
- £19.64 – £19.75
- Assets
- £687.2M
- Domicile
- Luxembourg
- Holdings
- 107
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -1.17%
- 6 months
- +8.99%
- YTD
- +10.15%
- 1 year
- +18.80%
- 5 years
- +78.71%
Price change, excluding dividends.
Top 10 holdings
- 1ALPHABET INC CL CGOOG8.5%
- 2TESLA INCTSLA8.1%
- 3APPLE INCAAPL7.9%
- 4AMAZON.COM INCAMZN7.7%
- 5MICROSOFT CORPMSFT5.9%
- 6APPLIED MATERIALS INCAMAT4.5%
- 7ELI LILLY & COLLY4.4%
- 8NASDAQ INCNDAQ4.3%
- 9COSTCO WHOLESALE CORPCOST4.3%
- 10ABBVIE INCABBV4.3%
L100 holds 107 securities in total. These 10 are 59.9% of the fund.
Where the money is invested
Sectors
- Financial Services26.4%
- Industrials14.3%
- Consumer Defensive13.8%
- Healthcare11.9%
- Energy10.8%
- Basic Materials8.8%
Countries
- United States99.6%
- Bermuda0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| 100DLSEAmundi Core FTSE 100 Swap UCITS ETF Dist | 0.14% | 687.2M |
| 100HLSEAmundi Core FTSE 100 Swap UCITS ETF USD Hedged Acc | 0.3% | 910.9M |
Assets are shown in each fund's own reporting currency.
How to invest in L100 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 L100 and buy
Find the fund by its ticker, L100, on the London Stock Exchange ETF segment, and place your order.
Why invest in L100 from India
What L100 holds
The Amundi Core FTSE 100 Swap UCITS ETF is engineered to closely emulate the financial returns of the FTSE 100 Total Return Index (GBP), its benchmark index, whether the market is experiencing upward trends or downward shifts. A key objective of this Sub-Fund is to keep any discrepancies between its own net asset value and the Index's performance to an absolute minimum.
Outside US estate tax
L100 is domiciled in Luxembourg, 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 L100'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 L100's UCITS structure matters for Indian investors
L100 is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy L100 from India?
Yes. Indian residents can buy Amundi Core FTSE 100 Swap UCITS ETF (L100) 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 L100 invest in?
Amundi Core FTSE 100 Swap UCITS ETF holds 107 securities. Its largest holdings are ALPHABET INC CL C (8.5%), TESLA INC (8.1%) and APPLE INC (7.9%). Financial Services is its largest sector at 26.4%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of L100?
Amundi Core FTSE 100 Swap UCITS ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about £687.2M.
Is L100 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core FTSE 100 Swap UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does L100 pay dividends?
No. Amundi Core FTSE 100 Swap 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 L100?
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.