London Stock Exchange ETF segment · UCITS ETF
Invest in LGUK ETF from India
Indian and foreign residents can buy L&G UK Equity UCITS ETF (LGUK) units directly through Paasa.
By Paasa · Updated
LGUK at a glance
- Price
- £19.71+£0.00 (0.01%)
- Expense ratio
- 0.05%
- Day range
- £19.69 – £19.84
- Assets
- £196.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -1.03%
- 6 months
- +8.68%
- YTD
- +9.91%
- 1 year
- +17.33%
- 5 years
- +77.31%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLC USD 0.5HSBA.L11.3%
- 2SHELL PLC EUR 0.07SHEL.L8.9%
- 3ASTRAZENECA PLC USD 0.25AZN.L8.1%
- 4ROLLS-ROYCE HOLDINGS PLC 20PRR.L5.4%
- 5UNILEVER PLC 0.031111PULVR.L4.4%
- 6BRIT AMER ORD GBP0.25BATS.L3.8%
- 7BP ORD USD0.25BP.L3.6%
- 8GSK PLCGSK.L3.3%
- 9RIO TINTO PLC ORD GBP 0.10RIO.L3.3%
- 10LLOYDS BANKING GROUP PLCLLOY.L2.7%
These 10 are 54.8% of the fund.
Where the money is invested
Sectors
- Financial Services27.6%
- Consumer Defensive14.8%
- Industrials14.7%
- Healthcare12.9%
- Energy11.3%
- Basic Materials6.3%
Countries
- United Kingdom97.6%
- Hong Kong1.1%
- Ireland1.0%
- Mexico0.2%
- Other0.1%
How to invest in LGUK 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 LGUK and buy
Find the fund by its ticker, LGUK, on the London Stock Exchange ETF segment, and place your order.
Why invest in LGUK from India
What LGUK holds
The L&G UK Equity UCITS ETF seeks to replicate the investment performance of the Solactive Core United Kingdom Large & Mid Cap Index NTR.
Outside US estate tax
LGUK 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 LGUK's UCITS structure matters for Indian investors
LGUK 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 LGUK from India?
Yes. Indian residents can buy L&G UK Equity UCITS ETF (LGUK) 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 LGUK invest in?
Its largest holdings are HSBC HOLDINGS PLC USD 0.5 (11.3%), SHELL PLC EUR 0.07 (8.9%) and ASTRAZENECA PLC USD 0.25 (8.1%). Financial Services is its largest sector at 27.6%. The fund is domiciled in Ireland.
What is the expense ratio of LGUK?
L&G UK Equity UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about £196.5M.
Is LGUK a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G UK 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 LGUK?
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.