London Stock Exchange ETF segment · UCITS ETF
Invest in LCCN ETF from India
Indian and foreign residents can buy Amundi MSCI China UCITS ETF (LCCN) units directly through Paasa.
By Paasa · Updated
LCCN at a glance
- Price
- $20.23-$0.05 (0.22%)
- Expense ratio
- 0.29%
- Day range
- $20.13 – $20.26
- Assets
- $636.5M
- Domicile
- Luxembourg
- Holdings
- 56
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -4.01%
- 6 months
- -3.37%
- YTD
- -12.41%
- 1 year
- -15.97%
- 5 years
- -9.40%
Price change, excluding dividends.
Top 10 holdings
- 1PALO ALTO NETWORKS INCPANW8.6%
- 2AMAZON.COM INCAMZN6.8%
- 3ORACLE CORPORCL4.9%
- 4NVIDIA CORPNVDA3.7%
- 5ASML HOLDING NV (USD)ASML3.5%
- 6QORVO INCQRVO3.2%
- 7FIVE BELOWFIVE2.9%
- 8UNUM GROUPUNM2.6%
- 9MONGODB INCMDB2.6%
- 10ATI INCATI2.5%
LCCN holds 56 securities in total. These 10 are 41.4% of the fund.
Where the money is invested
Countries
- United States94.9%
- Netherlands3.3%
- Ireland1.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MCHINASDAQiShares MSCI China ETF | 0.59% | 6.1B |
| ICHNAMSiShares MSCI China UCITS ETF | 0.28% | 2.6B |
| XCS6LSEXtrackers MSCI China UCITS ETF 1C | 0.65% | 1.9B |
| 2801HKSEiShares Core MSCI China ETF | 0.2% | 12.0B |
| XCS7LSEXtrackers MSCI China UCITS ETF 1D | 0.28% | 1.9B |
Assets are shown in each fund's own reporting currency.
How to invest in LCCN 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 LCCN and buy
Find the fund by its ticker, LCCN, on the London Stock Exchange ETF segment, and place your order.
Why invest in LCCN from India
What LCCN holds
The Lyxor MSCI China UCITS ETF - Acc is a UCITS compliant exchange traded fund that aims to track the MSCI China Net Total Return USD Index.
Outside US estate tax
LCCN 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 LCCN's 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
LCCN 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 LCCN's UCITS structure matters for Indian investors
LCCN 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 LCCN from India?
Yes. Indian residents can buy Amundi MSCI China UCITS ETF (LCCN) 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 LCCN invest in?
Amundi MSCI China UCITS ETF holds 56 securities. Its largest holdings are PALO ALTO NETWORKS INC (8.6%), AMAZON.COM INC (6.8%) and ORACLE CORP (4.9%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LCCN?
Amundi MSCI China UCITS ETF has an expense ratio of 0.29% a year, taken from the fund's assets rather than billed to you. The fund manages about $636.5M.
Is LCCN a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI China 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 LCCN pay dividends?
No. Amundi MSCI China 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 LCCN?
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.