London Stock Exchange ETF segment · UCITS ETF
Invest in PMLP ETF from India
Indian and foreign residents can buy Alerian Midstream Energy Dividend UCITS ETF (PMLP) units directly through Paasa.
By Paasa · Updated
PMLP at a glance
- Price
- £14.77+£0.06 (0.44%)
- Expense ratio
- 0.49%
- Day range
- £14.56 – £14.81
- Assets
- £55.9M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -6.57%
- 6 months
- -1.50%
- YTD
- +19.72%
- 1 year
- +17.46%
- 5 years
- +85.47%
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
Sectors
- Energy91.5%
- Financial Services7.9%
- Utilities0.6%
Countries
- United States63.2%
- Canada36.7%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MMLPLSEAlerian Midstream Energy Dividend UCITS ETF – Dist | 0.49% | 74.1M |
Assets are shown in each fund's own reporting currency.
How to invest in PMLP 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 PMLP and buy
Find the fund by its ticker, PMLP, on the London Stock Exchange ETF segment, and place your order.
Why invest in PMLP from India
What PMLP holds
The Alerian Midstream Energy Dividend UCITS ETF (MMLP) offers investors broad access to companies within the midstream energy sector. These firms, operating across the United States and Canada, are primarily responsible for the processing, movement, and storage of crude oil, natural gas, and natural gas liquids.
Outside US estate tax
PMLP 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 PMLP's UCITS structure matters for Indian investors
PMLP 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 PMLP from India?
Yes. Indian residents can buy Alerian Midstream Energy Dividend UCITS ETF (PMLP) 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 PMLP 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%). Energy is its largest sector at 91.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of PMLP?
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 £55.9M.
Is PMLP 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 PMLP 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 PMLP?
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.