London Stock Exchange ETF segment · UCITS ETF
Invest in LCUK ETF from India
Indian and foreign residents can buy Amundi UK Equity All UCITS ETF (LCUK) units directly through Paasa.
By Paasa · Updated
LCUK at a glance
- Price
- £15.21-£0.05 (0.30%)
- Expense ratio
- 0.04%
- Day range
- £15.15 – £15.31
- Assets
- £1.6B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -1.40%
- 6 months
- +9.14%
- YTD
- +9.61%
- 1 year
- +14.05%
- 5 years
- +46.15%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLC9.6%
- 2SHELL PLC EUR7.7%
- 3ASTRAZENECA GBP7.2%
- 4ROLLS-ROYCE HOLDINGS PLC4.5%
- 5UNILEVER PLC LONDON3.7%
- 6BRITISH AMERICAN TOBACCO3.3%
- 7BP PLC3.2%
- 8RIO TINTO PLC (GBR)2.8%
- 9GSK PLC2.7%
- 10LLOYDS BANKING GROUP PLC2.3%
These 10 are 47.2% of the fund.
Where the money is invested
Sectors
- Financial Services25.7%
- Industrials14.8%
- Consumer Defensive13.1%
- Healthcare11.7%
- Energy11.1%
- Basic Materials8.0%
Countries
- United Kingdom93.4%
- Switzerland2.3%
- Ireland1.3%
- Hong Kong0.9%
- Other0.4%
- Jersey0.3%
How to invest in LCUK 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 LCUK and buy
Find the fund by its ticker, LCUK, on the London Stock Exchange ETF segment, and place your order.
Why invest in LCUK from India
What LCUK holds
This Amundi UK Equity All Cap UCITS ETF Dist is designed to replicate the performance, whether positive or negative, of the Morningstar UK NR Index. This benchmark, expressed in British Pounds, broadly encompasses the large and mid-capitalisation companies listed on the United Kingdom's stock exchange.
Outside US estate tax
LCUK 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 LCUK'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 LCUK's UCITS structure matters for Indian investors
LCUK 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 LCUK from India?
Yes. Indian residents can buy Amundi UK Equity All UCITS ETF (LCUK) 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 LCUK invest in?
Its largest holdings are HSBC HOLDINGS PLC (9.6%), SHELL PLC EUR (7.7%) and ASTRAZENECA GBP (7.2%). Financial Services is its largest sector at 25.7%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LCUK?
Amundi UK Equity All UCITS ETF has an expense ratio of 0.04% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.6B.
Is LCUK a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi UK Equity All 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 LCUK pay dividends?
No. Amundi UK Equity All 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 LCUK?
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.