XETRA · UCITS ETF
Invest in LGWT ETF from India
Indian and foreign residents can buy Amundi Index Solutions - MSCI Europe Growth UCITS ETF (LGWT) units directly through Paasa.
By Paasa · Updated
LGWT at a glance
- Price
- €211.55-€0.80 (0.38%)
- Expense ratio
- 0.35%
- Day range
- €211.55 – €213.25
- Assets
- €249.8M
- Domicile
- Luxembourg
- Holdings
- 214
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -3.64%
- 6 months
- +11.46%
- YTD
- +6.21%
- 1 year
- +8.34%
- 5 years
- +22.25%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV10.0%
- 2ASTRAZENECA GBP3.7%
- 3SAP SE / XETRA3.1%
- 4SCHNEIDER ELECT SE2.7%
- 5ROLLS-ROYCE HOLDINGS PLC2.4%
- 6UBS GROUP AG2.2%
- 7ABB LTD-REG2.2%
- 8SAFRAN SA1.9%
- 9AIRBUS SE PARIS1.9%
- 10SIEMENS ENERGY AG1.8%
LGWT holds 214 securities in total. These 10 are 32.1% of the fund.
Where the money is invested
Sectors
- Industrials32.5%
- Technology17.4%
- Healthcare16.2%
- Financial Services9.4%
- Consumer Cyclical8.8%
- Basic Materials5.3%
Countries
- United Kingdom17.6%
- Netherlands16.3%
- Switzerland15.9%
- Germany13.8%
- France11.9%
- Sweden8.0%
How to invest in LGWT 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 LGWT and buy
Find the fund by its ticker, LGWT, on XETRA, and place your order.
Why invest in LGWT from India
What LGWT holds
This ETF aims to accurately mirror the performance of the MSCI Europe Growth Index, irrespective of whether market trends are upward or downward. A key objective is to keep the difference between the fund's returns and the index's performance as small as possible.
Outside US estate tax
LGWT is domiciled in Luxembourg, 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 LGWT's UCITS structure matters for Indian investors
LGWT 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 LGWT from India?
Yes. Indian residents can buy Amundi Index Solutions - MSCI Europe Growth UCITS ETF (LGWT) 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 LGWT invest in?
Amundi Index Solutions - MSCI Europe Growth UCITS ETF holds 214 securities. Its largest holdings are ASML HOLDING NV (10.0%), ASTRAZENECA GBP (3.7%) and SAP SE / XETRA (3.1%). Industrials is its largest sector at 32.5%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of LGWT?
Amundi Index Solutions - MSCI Europe Growth UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about €249.8M.
Is LGWT a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - MSCI Europe Growth 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.
How are LGWT dividends taxed in India?
Amundi Index Solutions - MSCI Europe Growth 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 LGWT?
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.