{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Franklin FTSE India UCITS ETF is a physically replicated ETF that tracks the FTSE India 30/18 Capped Index (Net Return) using full replication. The KIID and factsheet confirm that the fund uses physical replication, investing directly in the underlying securities of the index. While the KIID mentions that derivatives may be used for efficient portfolio management (EPM) purposes only, this does not constitute a complexity trigger under MiFID II, as EPM is a standard practice for tracking error minimization and does not introduce material additional risk. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is transparent, with risks primarily related to emerging markets, concentration, and currency fluctuations, all of which are typical for an equity ETF focused on a single country. The fund is UCITS-compliant, further supporting its classification as non-complex. The absence of capital protection mechanisms, structured features, or illiquid underlying assets reinforces this assessment.",
    "confidence": 95
}