XETRA · UCITS ETF
Invest in LESU ETF from India
Indian and foreign residents can buy Amundi MSCI USA ESG Selection Extra UCITS ETF DR - D (LESU) units directly through Paasa.
By Paasa · Updated
LESU at a glance
- Price
- €54.38+€0.02 (0.04%)
- Expense ratio
- 0.15%
- Day range
- €54.38 – €54.38
- Assets
- €569.4M
- Domicile
- Ireland
- Holdings
- 313
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- +0.46%
- 6 months
- +25.42%
- YTD
- +14.58%
- 1 year
- +18.94%
- 5 years
- +82.54%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP15.3%
- 2MICROSOFT CORP11.1%
- 3ALPHABET INC CL A6.2%
- 4ALPHABET INC CL C4.9%
- 5TESLA INC3.3%
- 6ADVANCED MICRO DEVICES3.1%
- 7VISA INC-CLASS A SHARES1.9%
- 8ABBVIE INC1.4%
- 9CISCO SYSTEMS INC1.3%
- 10COSTCO WHOLESALE CORP1.3%
LESU holds 313 securities in total. These 10 are 49.7% of the fund.
Where the money is invested
Sectors
- Technology40.0%
- Financial Services12.4%
- Communication Services12.0%
- Healthcare9.5%
- Consumer Cyclical8.8%
- Industrials8.1%
Countries
- United States94.8%
- Ireland1.5%
- Other1.1%
- United Kingdom0.8%
- Singapore0.6%
- Switzerland0.6%
How to invest in LESU 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 LESU and buy
Find the fund by its ticker, LESU, on XETRA, and place your order.
Why invest in LESU from India
What LESU holds
The Amundi MSCI USA ESG Selection Extra UCITS ETF DR - USD (D) is designed to closely replicate the performance of the MSCI USA ESG Selection P-Series Extra Net Return USD Index, endeavoring to match its returns in both upward and downward market trends. A primary goal is also to keep the deviation between the Sub-Fund's net asset value and the Index's performance to a minimum.
Outside US estate tax
LESU 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 LESU's UCITS structure matters for Indian investors
LESU 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 LESU from India?
Yes. Indian residents can buy Amundi MSCI USA ESG Selection Extra UCITS ETF DR - D (LESU) through Paasa. It is listed on XETRA 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 LESU invest in?
Amundi MSCI USA ESG Selection Extra UCITS ETF DR - D holds 313 securities. Its largest holdings are NVIDIA CORP (15.3%), MICROSOFT CORP (11.1%) and ALPHABET INC CL A (6.2%). Technology is its largest sector at 40.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of LESU?
Amundi MSCI USA ESG Selection Extra UCITS ETF DR - D has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €569.4M.
Is LESU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI USA ESG Selection Extra UCITS ETF DR - D 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 LESU dividends taxed in India?
Amundi MSCI USA ESG Selection Extra UCITS ETF DR - D 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 LESU?
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.