London Stock Exchange ETF segment · UCITS ETF
Invest in UIND ETF from India
Indian and foreign residents can buy First Trust US Equity UCITS ETF (UIND) units directly through Paasa.
By Paasa · Updated
UIND at a glance
- Price
- $42.63+$0.20 (0.47%)
- Expense ratio
- 0.65%
- Day range
- $42.63 – $42.82
- Assets
- $467.5M
- Domicile
- Ireland
- Holdings
- 122
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- +8.28%
- 6 months
- +12.81%
- YTD
- +22.43%
- 1 year
- +26.50%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Accenture Plc3.5%
- 2Simon Property Group, Inc.3.1%
- 3Altria Group, Inc.3.0%
- 4HP Inc.3.0%
- 5PepsiCo, Inc.2.9%
- 6Comcast Corporation (Class A)2.9%
- 7T. Rowe Price Group, Inc.2.9%
- 8U.S. Bancorp2.8%
- 9Verizon Communications Inc.2.8%
- 10Medtronic Plc2.8%
UIND holds 122 securities in total. These 10 are 29.8% of the fund.
Where the money is invested
Sectors
- Financial Services24.6%
- Consumer Defensive21.2%
- Consumer Cyclical14.2%
- Technology8.3%
- Real Estate8.1%
- Energy6.3%
Countries
- United States99.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| UNCULSEFirst Trust US Equity Income UCITS ETF | 0.65% | 55.9M |
Assets are shown in each fund's own reporting currency.
How to invest in UIND 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 UIND and buy
Find the fund by its ticker, UIND, on the London Stock Exchange ETF segment, and place your order.
Why invest in UIND from India
What UIND holds
This First Trust US Equity Income UCITS ETF is a passively managed investment vehicle, aiming to replicate the performance, encompassing both capital appreciation and income generation, of the NASDAQ US High Equity Income Index, prior to the deduction of fees and expenses. The selection of stocks for this underlying index follows a systematic, rule-driven methodology.
Outside US estate tax
UIND 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
UIND 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 UIND's UCITS structure matters for Indian investors
UIND 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 UIND from India?
Yes. Indian residents can buy First Trust US Equity UCITS ETF (UIND) 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 UIND invest in?
First Trust US Equity UCITS ETF holds 122 securities. Its largest holdings are Accenture Plc (3.5%), Simon Property Group, Inc. (3.1%) and Altria Group, Inc. (3.0%). Financial Services is its largest sector at 24.6%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of UIND?
First Trust US Equity UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $467.5M.
Is UIND a UCITS ETF, and why does that matter for Indian investors?
Yes. First Trust US Equity 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 UIND dividends taxed in India?
First Trust US Equity 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 UIND?
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.