London Stock Exchange ETF segment · UCITS ETF
Invest in LGAP ETF from India
Indian and foreign residents can buy L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP) units directly through Paasa.
By Paasa · Updated
LGAP at a glance
- Price
- $17.59-$0.29 (1.64%)
- Expense ratio
- 0.1%
- Day range
- $17.53 – $17.67
- Assets
- $792.7M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -5.25%
- 6 months
- +2.13%
- YTD
- +7.36%
- 1 year
- +7.23%
- 5 years
- +37.22%
Price change, excluding dividends.
Top 10 holdings
- 1BHP GROUP LTD AUD 0.58.6%
- 2COMMONWEALTH BANK OF AUSTRALIA NPV7.2%
- 3DBS GROUP NPV5.0%
- 4AIA GROUP LTD NPV4.0%
- 5NATIONAL AUSTRALIA BANK LTD NPV3.5%
- 6WESTPAC BANKING CORP NPV3.4%
- 7ANZ GROUP HOLDINGS LTD AUD 1.03.3%
- 8OVERSEA-CH NPV3.3%
- 9MACQUARIE GP LTD NPV2.5%
- 10CSL LTD NPV2.5%
These 10 are 43.3% of the fund.
Where the money is invested
Sectors
- Financial Services40.5%
- Basic Materials16.3%
- Industrials9.3%
- Real Estate7.9%
- Consumer Cyclical6.6%
- Healthcare5.0%
Countries
- Australia62.2%
- Singapore16.9%
- Hong Kong16.5%
- New Zealand2.2%
- China1.0%
- Bermuda0.8%
How to invest in LGAP 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 LGAP and buy
Find the fund by its ticker, LGAP, on the London Stock Exchange ETF segment, and place your order.
Why invest in LGAP from India
What LGAP holds
The L&G Asia Pacific ex Japan Equity UCITS ETF (the “ETF”) aims to track the performance of the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR (the “Index”).
Outside US estate tax
LGAP is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
LGAP 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 LGAP's UCITS structure matters for Indian investors
LGAP 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 LGAP from India?
Yes. Indian residents can buy L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP) 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 LGAP invest in?
Its largest holdings are BHP GROUP LTD AUD 0.5 (8.6%), COMMONWEALTH BANK OF AUSTRALIA NPV (7.2%) and DBS GROUP NPV (5.0%). Financial Services is its largest sector at 40.5%. The fund is domiciled in Ireland.
What is the expense ratio of LGAP?
L&G Asia Pacific ex Japan Equity UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about $792.7M.
Is LGAP a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Asia Pacific ex Japan Equity 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.
What tax do I pay in India when I sell LGAP?
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.