XETRA · ETF
Invest in LCEU ETF from India
Indian and foreign residents can buy BNP Paribas Easy Low Carbon 100 Europe PAB (LCEU) units directly through Paasa.
By Paasa · Updated
LCEU at a glance
- Price
- €310.80+€1.55 (0.50%)
- Expense ratio
- 0.3%
- Day range
- €310.80 – €312.05
- Assets
- €400.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2017
- Dividends
- —
- 1 month
- +6.49%
- 6 months
- +10.33%
- YTD
- +13.45%
- 1 year
- +19.08%
- 5 years
- +37.55%
Price change, excluding dividends.
Where the money is invested
Sectors
- Financial Services24.3%
- Healthcare16.6%
- Industrials15.6%
- Consumer Defensive15.6%
- Technology11.5%
- Consumer Cyclical5.8%
Countries
- United Kingdom30.8%
- France12.7%
- Germany10.4%
- Netherlands8.9%
- Spain8.3%
- Denmark7.9%
How to invest in LCEU 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 EUR when you buy.
Step 3
Search LCEU and buy
Find the fund by its ticker, LCEU, on XETRA, and place your order.
Why invest in LCEU from India
What LCEU holds
The fund aims to precisely follow the financial outcome of the Low Carbon 100 Europe PAB (NTR) Index, with its tracking error never surpassing 1%.
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.
Frequently asked questions
Can I buy LCEU from India?
Yes. Indian residents can buy BNP Paribas Easy Low Carbon 100 Europe PAB (LCEU) through Paasa. It is listed on XETRA and trades in EUR. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What is the expense ratio of LCEU?
BNP Paribas Easy Low Carbon 100 Europe PAB has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €400.7M.
What tax do I pay in India when I sell LCEU?
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 EUR/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.