London Stock Exchange ETF segment · UCITS ETF
Invest in RICI ETF from India
Indian and foreign residents can buy Market Access Rogers International Commodity Index UCITS ETF (RICI) units directly through Paasa.
By Paasa · Updated
RICI at a glance
- Price
- £34.64-£4.64 (11.81%)
- Expense ratio
- 0.6%
- Day range
- £34.64 – £43.49
- Assets
- £62.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2006
- Dividends
- —
- 1 month
- +2.64%
- 6 months
- +11.56%
- YTD
- +42.67%
- 1 year
- +48.61%
- 5 years
- +84.16%
Price change, excluding dividends.
Top 10 holdings
- 1ADVANCED MICRO DEVICES7.9%
- 2BOOKING HOLDINGS INC7.6%
- 3NVIDIA CORP7.0%
- 4BROADCOM INC6.5%
- 5TESLA INC5.4%
- 6INTEL CORP4.4%
- 7INTUITIVE SURGICAL INC4.2%
- 8BERKSHIRE HATHAWAY INC-CL B3.7%
- 9BANK OF NEW YORK MELLON CORP3.6%
- 10CITIGROUP INC3.6%
These 10 are 54.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical18.0%
- Healthcare17.1%
- Industrials15.7%
- Basic Materials13.6%
- Communication Services10.3%
- Consumer Defensive9.5%
Countries
- United States100.0%
How to invest in RICI 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 RICI and buy
Find the fund by its ticker, RICI, on the London Stock Exchange ETF segment, and place your order.
Why invest in RICI from India
What RICI holds
The Funds objective is to replicate, as closely as possible, the performance of the Rogers International Commodity Index (the Index). The Fund is passively managed.
Outside US estate tax
RICI 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 RICI's UCITS structure matters for Indian investors
RICI 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 RICI from India?
Yes. Indian residents can buy Market Access Rogers International Commodity Index UCITS ETF (RICI) 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 RICI invest in?
Its largest holdings are ADVANCED MICRO DEVICES (7.9%), BOOKING HOLDINGS INC (7.6%) and NVIDIA CORP (7.0%). Consumer Cyclical is its largest sector at 18.0%. The fund is domiciled in Luxembourg.
What is the expense ratio of RICI?
Market Access Rogers International Commodity Index UCITS ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about £62.7M.
Is RICI a UCITS ETF, and why does that matter for Indian investors?
Yes. Market Access Rogers International Commodity Index 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.
What tax do I pay in India when I sell RICI?
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.