London Stock Exchange ETF segment · UCITS ETF
Invest in LCJG ETF from India
Indian and foreign residents can buy Multi Units Luxembourg SICAV - Amundi Core MSCI Japan UCITS ETF C (LCJG) units directly through Paasa.
By Paasa · Updated
LCJG at a glance
- Price
- £31.78-£0.30 (0.92%)
- Expense ratio
- 0.2%
- Day range
- £31.78 – £31.94
- Assets
- £5.2B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -1.37%
- 6 months
- +18.10%
- YTD
- +22.99%
- 1 year
- +35.87%
- 5 years
- +148.94%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP8306.T4.6%
- 2TOYOTA MOTOR CORP7203.T3.4%
- 3SUMITOMO MITSUI FINANCIAL GROUP8316.T3.0%
- 4HITACHI LTD6501.T2.9%
- 5TOKYO ELECTRON JPY508035.T2.8%
- 6ADVANTEST CORP Y506857.T2.8%
- 7SOFTBANK GROUP CORP9984.T2.8%
- 8RECRUIT HOLDINGS CO LTD6098.T2.8%
- 9SONY GROUP CORP (JT)6758.T2.6%
- 10KIOXIA HOLDINGS CORP285A.T2.5%
These 10 are 30.2% of the fund.
Where the money is invested
Sectors
- Industrials23.1%
- Technology23.0%
- Financial Services19.3%
- Consumer Cyclical11.0%
- Communication Services8.2%
- Healthcare5.3%
Countries
- Japan100.0%
How to invest in LCJG 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 LCJG and buy
Find the fund by its ticker, LCJG, on the London Stock Exchange ETF segment, and place your order.
Why invest in LCJG from India
What LCJG holds
The investment objective of MULTI UNITS LUXEMBOURG Amundi Core MSCI Japan (the Sub-Fund) is to track both the upward and the downward evolution of MSCI Japan Net Total Return Index (the Index) denominated in JPY.
Outside US estate tax
LCJG 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 LCJG'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 LCJG's UCITS structure matters for Indian investors
LCJG 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 LCJG from India?
Yes. Indian residents can buy Multi Units Luxembourg SICAV - Amundi Core MSCI Japan UCITS ETF C (LCJG) 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 LCJG invest in?
Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (4.6%), TOYOTA MOTOR CORP (3.4%) and SUMITOMO MITSUI FINANCIAL GROUP (3.0%). Industrials is its largest sector at 23.1%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LCJG?
Multi Units Luxembourg SICAV - Amundi Core MSCI Japan UCITS ETF C has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £5.2B.
Is LCJG a UCITS ETF, and why does that matter for Indian investors?
Yes. Multi Units Luxembourg SICAV - Amundi Core MSCI Japan UCITS ETF C 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 LCJG pay dividends?
No. Multi Units Luxembourg SICAV - Amundi Core MSCI Japan UCITS ETF C 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 LCJG?
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.