London Stock Exchange ETF segment · UCITS ETF
Invest in PARI ETF from India
Indian and foreign residents can buy Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF (PARI) units directly through Paasa.
By Paasa · Updated
PARI at a glance
- Price
- €42.00-€0.33 (0.79%)
- Expense ratio
- 0.15%
- Day range
- €42.00 – €42.35
- Assets
- €34.0M
- Domicile
- Ireland
- Holdings
- 478
- Launched
- 2020
- Dividends
- —
- 1 month
- -2.81%
- 6 months
- +8.80%
- YTD
- +6.38%
- 1 year
- +9.17%
- 5 years
- +34.22%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV EUR 0.095.0%
- 2HSBC HOLDINGS PLC USD 0.53.0%
- 3IBERDROLA SA EUR 0.752.3%
- 4ROCHE HOLDINGS AG CHF NPV2.2%
- 5NOVARTIS AG-REG CHF 0.492.1%
- 6BANCO SANTANDER S EUR 0.52.1%
- 7ASTRAZENECA PLC USD 0.251.9%
- 8INTESA SANPAOLO EUR NPV1.6%
- 9SCHNEIDER ELECTRIC EUR 41.6%
- 10SAP SE EUR NPV1.6%
PARI holds 478 securities in total. These 10 are 23.4% of the fund.
Where the money is invested
Sectors
- Financial Services27.5%
- Industrials15.4%
- Healthcare13.6%
- Technology11.6%
- Utilities7.8%
- Basic Materials7.2%
Countries
- United Kingdom18.4%
- Switzerland14.4%
- France13.1%
- Germany10.8%
- Netherlands9.1%
- Spain7.8%
How to invest in PARI 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 PARI and buy
Find the fund by its ticker, PARI, on the London Stock Exchange ETF segment, and place your order.
Why invest in PARI from India
What PARI holds
This fund aims to offer investors exposure to a curated selection of leading and mid-sized European companies. It focuses on enterprises that are either actively transitioning to a low-carbon economy or possess inherent resilience to climate-related transition risks.
Outside US estate tax
PARI 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 PARI's UCITS structure matters for Indian investors
PARI 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 PARI from India?
Yes. Indian residents can buy Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF (PARI) through Paasa. It is listed on the London Stock Exchange ETF segment 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 PARI invest in?
Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF holds 478 securities. Its largest holdings are ASML HOLDING NV EUR 0.09 (5.0%), HSBC HOLDINGS PLC USD 0.5 (3.0%) and IBERDROLA SA EUR 0.75 (2.3%). Financial Services is its largest sector at 27.5%. The fund is domiciled in Ireland.
What is the expense ratio of PARI?
Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €34.0M.
Is PARI a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin STOXX Europe 600 Paris Aligned Climate 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 PARI?
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.