London Stock Exchange ETF segment · UCITS ETF
Invest in MLPD ETF from India
Indian and foreign residents can buy Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPD) units directly through Paasa.
By Paasa · Updated
MLPD at a glance
- Price
- $54.90-$0.15 (0.27%)
- Expense ratio
- 0.5%
- Day range
- $54.90 – $55.05
- Assets
- $423.7M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -7.48%
- 6 months
- -3.89%
- YTD
- +13.34%
- 1 year
- +10.33%
- 5 years
- +52.97%
Price change, excluding dividends.
Top 10 holdings
- 1SUNOCO UNT10.4%
- 2MPLX COM UNT10.2%
- 3PLAINS ALL AMERICAN PIPELINE UNT10.1%
- 4ENTERPRISE PRODUCTS PARTNERS UNT10.0%
- 5ENERGY TRANSFER UNT9.9%
- 6WESTERN MIDSTREAM PARTNERS COM UNT9.7%
- 7ICAHN ENTERPRISES UNT5.3%
- 8BLACK STONE MINERALS UNT5.2%
- 9DELEK LOGISTICS PARTNERS COM UNT5.1%
- 10ALLIANCE RESOURCE PARTNERS UNT5.0%
These 10 are 80.8% of the fund.
Where the money is invested
Countries
- United States100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MLPSLSEInvesco Morningstar US Energy Infrastructure MLP UCITS ETF | 0.5% | 418.8M |
Assets are shown in each fund's own reporting currency.
How to invest in MLPD 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 MLPD and buy
Find the fund by its ticker, MLPD, on the London Stock Exchange ETF segment, and place your order.
Why invest in MLPD from India
What MLPD holds
This Invesco ETF endeavors to mirror the overall return of the Morningstar MLP Composite Index (referred to as the 'Reference Index'), after accounting for associated expenses. Investors in the fund receive dividend distributions each quarter.
Outside US estate tax
MLPD 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
MLPD 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 MLPD's UCITS structure matters for Indian investors
MLPD 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 MLPD from India?
Yes. Indian residents can buy Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPD) 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 MLPD invest in?
Its largest holdings are SUNOCO UNT (10.4%), MPLX COM UNT (10.2%) and PLAINS ALL AMERICAN PIPELINE UNT (10.1%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of MLPD?
Invesco Morningstar US Energy Infrastructure MLP UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $423.7M.
Is MLPD a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Morningstar US Energy Infrastructure MLP 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.
How are MLPD dividends taxed in India?
Invesco Morningstar US Energy Infrastructure MLP 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 MLPD?
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.