London Stock Exchange ETF segment · UCITS ETF
Invest in LEMA ETF from India
Indian and foreign residents can buy Amundi Core MSCI Emerging Markets Swap UCITS ETF (LEMA) units directly through Paasa.
By Paasa · Updated
LEMA at a glance
- Price
- $86.39-$0.37 (0.43%)
- Expense ratio
- 0.14%
- Day range
- $86.36 – $86.83
- Assets
- $12.4B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2023
- Dividends
- Accumulating
- 1 month
- -0.82%
- 6 months
- +22.24%
- YTD
- +22.89%
- 1 year
- +29.21%
- 5 years
- +54.03%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON.COM INC5.5%
- 2APPLE INC4.4%
- 3ALPHABET INC CL C4.0%
- 4NVIDIA CORP3.5%
- 5ADVANCED MICRO DEVICES3.4%
- 6APPLIED MATERIALS INC3.2%
- 7MICROSOFT CORP2.8%
- 8INTEL CORP2.2%
- 9TESLA INC1.9%
- 10ASTERA LABS INC1.6%
These 10 are 32.6% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services19.5%
- Consumer Cyclical8.2%
- Industrials6.3%
- Basic Materials6.3%
- Communication Services6.1%
Countries
- United States91.6%
- Switzerland2.6%
- Netherlands1.4%
- United Kingdom1.1%
- Sweden1.0%
- Denmark0.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| AMEMXETRAAmundi MSCI Emerging Markets Swap UCITS ETF EUR Acc | 0.2% | 5.8B |
| U127LSEAmundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 0.14% | 12.4B |
| XMMDLSEXtrackers MSCI Emerging Markets Swap UCITS ETF 1C | 0.49% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in LEMA 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.
Step 3
Search LEMA and buy
Find the fund by its ticker, LEMA, on the London Stock Exchange ETF segment, and place your order.
Why invest in LEMA from India
What LEMA holds
The Amundi Core MSCI Emerging Markets Swap UCITS ETF (LEMA.L) is engineered to closely track the investment returns of the MSCI Emerging Markets Net Total Return USD Index. Its primary objective is to emulate the index's performance with high fidelity, regardless of market direction, while simultaneously striving to minimize the divergence between the fund's net asset value and the index's movements.
Outside US estate tax
LEMA 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 LEMA's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
LEMA is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 LEMA's UCITS structure matters for Indian investors
LEMA 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 LEMA from India?
Yes. Indian residents can buy Amundi Core MSCI Emerging Markets Swap UCITS ETF (LEMA) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 LEMA invest in?
Its largest holdings are AMAZON.COM INC (5.5%), APPLE INC (4.4%) and ALPHABET INC CL C (4.0%). Technology is its largest sector at 41.9%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LEMA?
Amundi Core MSCI Emerging Markets Swap UCITS ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about $12.4B.
Is LEMA a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core MSCI Emerging Markets Swap 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 LEMA pay dividends?
No. Amundi Core MSCI Emerging Markets Swap 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 LEMA?
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 USD/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.