London Stock Exchange ETF segment · UCITS ETF
Invest in MMLP ETF from India
Indian and foreign residents can buy Alerian Midstream Energy Dividend UCITS ETF (MMLP) units directly through Paasa.
By Paasa · Updated
MMLP at a glance
- Price
- $19.55+$0.00 (0.01%)
- Expense ratio
- 0.49%
- Day range
- $19.25 – $19.65
- Assets
- $74.1M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -8.67%
- 6 months
- -2.18%
- YTD
- +17.53%
- 1 year
- +15.38%
- 5 years
- +81.14%
Price change, excluding dividends.
Top 10 holdings
- 1KINDER MORGAN INC COMMON10.4%
- 2ENBRIDGE INC COMMON STOCK10.3%
- 3TC ENERGY CORP COMMON10.1%
- 4WILLIAMS COS INC/THE10.0%
- 5ONEOK INC COMMON STOCK9.5%
- 6PEMBINA PIPELINE CORP8.9%
- 7ALERIAN MLP INDEX ETNS7.8%
- 8TARGA RESOURCES CORP7.7%
- 9KINETIK HOLDINGS INC3.8%
- 10CHENIERE ENERGY INC3.5%
These 10 are 82.1% of the fund.
Where the money is invested
Countries
- United States62.9%
- Canada36.4%
- Other0.7%
How to invest in MMLP 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 MMLP and buy
Find the fund by its ticker, MMLP, on the London Stock Exchange ETF segment, and place your order.
Why invest in MMLP from India
What MMLP holds
The Alerian Midstream Energy Dividend UCITS ETF (MMLP) is designed to offer investors comprehensive access to the midstream energy sector. This fund strategically invests in corporations primarily involved in the essential logistics of processing, transporting, and storing oil, natural gas, and natural gas liquids across both the United States and Canada.
Outside US estate tax
MMLP 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
MMLP 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 MMLP's UCITS structure matters for Indian investors
MMLP 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 MMLP from India?
Yes. Indian residents can buy Alerian Midstream Energy Dividend UCITS ETF (MMLP) 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 MMLP invest in?
Its largest holdings are KINDER MORGAN INC COMMON (10.4%), ENBRIDGE INC COMMON STOCK (10.3%) and TC ENERGY CORP COMMON (10.1%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of MMLP?
Alerian Midstream Energy Dividend UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about $74.1M.
Is MMLP a UCITS ETF, and why does that matter for Indian investors?
Yes. Alerian Midstream Energy Dividend 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 MMLP dividends taxed in India?
Alerian Midstream Energy Dividend 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 MMLP?
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.