London Stock Exchange ETF segment · UCITS ETF
Invest in LDEG ETF from India
Indian and foreign residents can buy L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF (LDEG) units directly through Paasa.
By Paasa · Updated
LDEG at a glance
- Price
- £1,568.10+£5.10 (0.33%)
- Expense ratio
- 0.25%
- Day range
- £1,566.60 – £1,577.80
- Assets
- £324.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -1.34%
- 6 months
- +10.89%
- YTD
- +12.15%
- 1 year
- +21.78%
- 5 years
- +80.76%
Price change, excluding dividends.
Top 10 holdings
- 1REPSOL SA EUR 1.0REP.MC1.0%
- 2FRONTLINE PLC USD 1.0FRO.OL0.9%
- 3BANK POLSKA KASA OPIEKI SA PLN 1.0PEO.WA0.9%
- 4TOTAL ENERGIES SE 2.5TTE.PA0.9%
- 5SWEDBANK AB NPVSWED-A.ST0.9%
- 6OMV AG NPVOMV.VI0.9%
- 7GAZTRANSPORT ET TECHNIGAZ EUR 0.01GTT.PA0.9%
- 8UPM-KYMMENE OYJ NPVUPM.HE0.9%
- 9ELISA OYJ NPVELISA.HE0.9%
- 10AIB GROUP PLC EUR 0.625A5G.IR0.9%
These 10 are 8.9% of the fund.
Where the money is invested
Sectors
- Financial Services41.8%
- Industrials17.4%
- Basic Materials8.0%
- Energy8.0%
- Utilities7.7%
- Communication Services4.7%
Countries
- France16.9%
- Germany11.1%
- Italy10.2%
- Switzerland9.5%
- Norway8.8%
- Spain8.6%
How to invest in LDEG 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 LDEG and buy
Find the fund by its ticker, LDEG, on the London Stock Exchange ETF segment, and place your order.
Why invest in LDEG from India
What LDEG holds
The L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF (the fund) is designed to mirror the investment performance of its underlying benchmark. This benchmark is precisely the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index.
Outside US estate tax
LDEG is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 LDEG's UCITS structure matters for Indian investors
LDEG is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy LDEG from India?
Yes. Indian residents can buy L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF (LDEG) 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 LDEG invest in?
Its largest holdings are REPSOL SA EUR 1.0 (1.0%), FRONTLINE PLC USD 1.0 (0.9%) and BANK POLSKA KASA OPIEKI SA PLN 1.0 (0.9%). Financial Services is its largest sector at 41.8%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of LDEG?
L&G Europe ex-UK Quality Dividends Equal Weight 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 £324.0M.
Is LDEG a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
How are LDEG dividends taxed in India?
L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell LDEG?
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.