London Stock Exchange ETF segment · UCITS ETF
Invest in RIUG ETF from India
Indian and foreign residents can buy L&G US ESG Paris Aligned UCITS ETF Accum (RIUG) units directly through Paasa.
By Paasa · Updated
RIUG at a glance
- Price
- £21.07+£0.02 (0.07%)
- Expense ratio
- 0.12%
- Day range
- £21.07 – £21.07
- Assets
- £131.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- +3.50%
- 6 months
- +19.05%
- YTD
- +13.05%
- 1 year
- +17.18%
- 5 years
- +89.82%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP USD 0.00111.0%
- 2APPLE INC USD 0.0000110.7%
- 3MICROSOFT COM USD0.000006257.1%
- 4BROADCOM INC NPV3.2%
- 5TESLA INC USD 0.0013.0%
- 6ALPHABET INC CLASS A3.0%
- 7AMAZON COM INC USD 0.012.8%
- 8ALPHABET INC CLASS C2.6%
- 9GE AEROSPACE2.5%
- 10META PLATFORMS INC USD 0.0000062.5%
These 10 are 48.4% of the fund.
Where the money is invested
Sectors
- Technology46.6%
- Financial Services11.7%
- Healthcare10.4%
- Communication Services9.9%
- Consumer Cyclical8.4%
- Industrials6.8%
Countries
- United States97.9%
- Ireland1.3%
- United Kingdom0.2%
- Netherlands0.2%
- Switzerland0.1%
- Uruguay0.1%
How to invest in RIUG 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 RIUG and buy
Find the fund by its ticker, RIUG, on the London Stock Exchange ETF segment, and place your order.
Why invest in RIUG from India
What RIUG holds
The investment objective of the Fund is to provide low carbon emission exposure to equity markets in the United States
Outside US estate tax
RIUG is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from RIUG's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 RIUG's UCITS structure matters for Indian investors
RIUG 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 RIUG from India?
Yes. Indian residents can buy L&G US ESG Paris Aligned UCITS ETF Accum (RIUG) 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 RIUG invest in?
Its largest holdings are NVIDIA CORP USD 0.001 (11.0%), APPLE INC USD 0.00001 (10.7%) and MICROSOFT COM USD0.00000625 (7.1%). Technology is its largest sector at 46.6%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of RIUG?
L&G US ESG Paris Aligned UCITS ETF Accum has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about £131.5M.
Is RIUG a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G US ESG Paris Aligned UCITS ETF Accum 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.
Does RIUG pay dividends?
No. L&G US ESG Paris Aligned UCITS ETF Accum is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell RIUG?
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.