London Stock Exchange ETF segment · UCITS ETF
Invest in LDEU ETF from India
Indian and foreign residents can buy L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF (LDEU) units directly through Paasa.
By Paasa · Updated
LDEU at a glance
- Price
- €17.80-€0.24 (1.32%)
- Expense ratio
- 0.25%
- Day range
- €17.74 – €17.99
- Assets
- €377.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -3.67%
- 6 months
- +5.27%
- YTD
- +11.19%
- 1 year
- +19.24%
- 5 years
- +76.78%
Price change, excluding dividends.
Top 10 holdings
- 1FRONTLINE PLC USD 1.01.0%
- 2REPSOL SA EUR 1.00.9%
- 3EVONIK INDUSTRIES AG NPV0.9%
- 4BANK POLSKA KASA OPIEKI SA PLN 1.00.9%
- 5SWEDBANK AB NPV0.9%
- 6AIB GROUP PLC EUR 0.6250.9%
- 7AL SYDBANK A/S DKK 10.00.9%
- 8ORION OYJ EUR 0.650.9%
- 9ING GROEP NV EUR 0.010.9%
- 10SVENSKA HANDELSBANKEN AB SEK 1.550.9%
These 10 are 9.0% of the fund.
Where the money is invested
Sectors
- Financial Services44.1%
- Industrials15.6%
- Basic Materials9.1%
- Energy8.2%
- Utilities7.6%
- Communication Services4.5%
Countries
- France16.7%
- Germany11.2%
- Italy10.2%
- Switzerland9.5%
- Norway8.6%
- Spain8.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| LDEGLSEL&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF | 0.25% | 321.7M |
Assets are shown in each fund's own reporting currency.
How to invest in LDEU 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 LDEU and buy
Find the fund by its ticker, LDEU, on the London Stock Exchange ETF segment, and place your order.
Why invest in LDEU from India
What LDEU holds
This UCITS ETF, managed by L&G, is designed to closely match the financial performance of a specific benchmark: the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. In essence, the fund aims to provide investors with equally weighted exposure to financially robust, dividend-growing companies located in developed European countries, excluding the United Kingdom, across all market capitalization sizes.
Outside US estate tax
LDEU 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 LDEU's UCITS structure matters for Indian investors
LDEU 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 LDEU from India?
Yes. Indian residents can buy L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF (LDEU) through Paasa. It is listed on the London Stock Exchange ETF segment 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 does LDEU invest in?
Its largest holdings are FRONTLINE PLC USD 1.0 (1.0%), REPSOL SA EUR 1.0 (0.9%) and EVONIK INDUSTRIES AG NPV (0.9%). Financial Services is its largest sector at 44.1%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of LDEU?
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 €377.0M.
Is LDEU 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 LDEU 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 LDEU?
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.