London Stock Exchange ETF segment · UCITS ETF
Invest in UNCU ETF from India
Indian and foreign residents can buy First Trust US Equity UCITS ETF (UNCU) units directly through Paasa.
By Paasa · Updated
UNCU at a glance
- Price
- $47.85-$0.04 (0.08%)
- Expense ratio
- 0.65%
- Day range
- $47.81 – $47.85
- Assets
- $48.4M
- Domicile
- Ireland
- Holdings
- 130
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -5.88%
- 6 months
- +8.31%
- YTD
- +15.50%
- 1 year
- +17.54%
- 5 years
- +53.95%
Price change, excluding dividends.
Top 10 holdings
- 1HP Inc.HPQ3.8%
- 2Accenture PlcACN3.2%
- 3Medtronic PlcMDT3.1%
- 4Verizon Communications Inc.VZ3.0%
- 5ONEOK, Inc.OKE3.0%
- 6T. Rowe Price Group, Inc.TROW3.0%
- 7U.S. BancorpUSB2.9%
- 8Simon Property Group, Inc.SPG2.9%
- 9Target CorporationTGT2.9%
- 10Regions Financial CorporationRF2.8%
UNCU holds 130 securities in total. These 10 are 30.6% of the fund.
Where the money is invested
Sectors
- Financial Services30.0%
- Consumer Defensive20.3%
- Consumer Cyclical12.6%
- Technology8.6%
- Real Estate7.0%
- Energy6.1%
Countries
- United States93.9%
- Ireland5.3%
- Puerto Rico0.6%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| UINDLSEFirst Trust US Equity Income UCITS ETF | 0.65% | 421.4M |
Assets are shown in each fund's own reporting currency.
How to invest in UNCU 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 UNCU and buy
Find the fund by its ticker, UNCU, on the London Stock Exchange ETF segment, and place your order.
Why invest in UNCU from India
What UNCU holds
This ETF, the First Trust US Equity Income UCITS ETF, is engineered to passively track the performance of the NASDAQ US High Equity Income Index. Its objective is to replicate the Index's capital appreciation and dividend income as closely as possible for investors, before accounting for any associated costs.
Outside US estate tax
UNCU 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
UNCU 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 UNCU's UCITS structure matters for Indian investors
UNCU 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 UNCU from India?
Yes. Indian residents can buy First Trust US Equity UCITS ETF (UNCU) 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 UNCU invest in?
First Trust US Equity UCITS ETF holds 130 securities. Its largest holdings are HP Inc. (3.8%), Accenture Plc (3.2%) and Medtronic Plc (3.1%). Financial Services is its largest sector at 30.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of UNCU?
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 $48.4M.
Is UNCU 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 UNCU 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 UNCU?
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.