London Stock Exchange ETF segment · UCITS ETF
Invest in LCAS ETF from India
Indian and foreign residents can buy Amundi MSCI EM Asia ESG Broad Transition UCITS ETF (LCAS) units directly through Paasa.
By Paasa · Updated
LCAS at a glance
- Price
- $19.38-$0.29 (1.47%)
- Expense ratio
- 0.25%
- Day range
- $19.38 – $19.51
- Assets
- $814.9M
- Domicile
- Luxembourg
- Holdings
- 678
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -0.73%
- 6 months
- +25.74%
- YTD
- +25.82%
- 1 year
- +32.90%
- 5 years
- +57.66%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANUFAC2330.TW18.4%
- 2SAMSUNG ELECTRONIC CO LTD005930.KS9.3%
- 3SK HYNIX INC000660.KS7.3%
- 4TENCENT HOLDINGS LTD0700.HK3.2%
- 5MEDIATEK INC2454.TW2.3%
- 6ALIBABA GROUP HOLDING LTD9988.HK2.3%
- 7SAMSUNG ELECTRONICS - PFD NV005935.KS1.4%
- 8DELTA ELECTRONICS INC2308.TW1.2%
- 9CHINA CONSTRUCTION BANK HK0939.HK1.0%
- 10HDFC BANK LIMITEDHDFCBANK.BO0.9%
LCAS holds 678 securities in total. These 10 are 47.3% of the fund.
Where the money is invested
Sectors
- Technology53.6%
- Financial Services15.3%
- Consumer Cyclical6.9%
- Industrials6.7%
- Communication Services5.4%
- Healthcare3.3%
Countries
- Taiwan34.1%
- South Korea25.9%
- China21.5%
- India12.8%
- Hong Kong1.3%
- Thailand1.1%
How to invest in LCAS 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 LCAS and buy
Find the fund by its ticker, LCAS, on the London Stock Exchange ETF segment, and place your order.
Why invest in LCAS from India
What LCAS holds
This Amundi ETF seeks to accurately mirror the performance of the MSCI EM Asia ESG Broad CTB Select Net USD Index (the "Index"), reflecting its movements irrespective of market direction. A key objective is also to minimize any disparity between the Sub-Fund's net asset value and the Index's returns.
Outside US estate tax
LCAS 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 LCAS' holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
LCAS 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 LCAS' UCITS structure matters for Indian investors
LCAS 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 LCAS from India?
Yes. Indian residents can buy Amundi MSCI EM Asia ESG Broad Transition UCITS ETF (LCAS) 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 LCAS invest in?
Amundi MSCI EM Asia ESG Broad Transition UCITS ETF holds 678 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANUFAC (18.4%), SAMSUNG ELECTRONIC CO LTD (9.3%) and SK HYNIX INC (7.3%). Technology is its largest sector at 53.6%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LCAS?
Amundi MSCI EM Asia ESG Broad Transition UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $814.9M.
Is LCAS a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI EM Asia ESG Broad Transition 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 LCAS pay dividends?
No. Amundi MSCI EM Asia ESG Broad Transition 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 LCAS?
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.