JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF
JPMorgan ETFs Ireland ICAV - Ultra-Short Active UCITS ETF (LSE: JPAS) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £95.55 (about ₹12,166 a unit) as of 1 Oct 2026, 10:33 AM ET. It has an expense ratio of 0.18% and holds 446 securities. Indian residents can buy JPAS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£95.43
Today's high
£95.55
52 week low
£89.22
52 week high
£95.55
JPAS opened at £95.43, closed previously at £95.06, and has traded between £89.22 and £95.55 over the past 52 weeks.
About
The core purpose of this fund is to provide regular income, while also endeavoring to maintain the principal's value with minimal fluctuation.
Key statistics
Expense ratio
0.18%
Assets (AUM)
£738.0M
Holdings
446
NAV
£95.14
Avg. volume
—
1-year price change
+5.54%
5-year price change
+23.33%
Price change excludes dividends.
Top 10 holdings
JPAS holds 446 securities in total. These 10 are 14.6% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy JPAS from India
Indian residents can buy JPAS units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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.
Search JPAS and buy
Find the fund by its ticker, JPAS, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in JPAS from India
Trading and taxes when buying JPAS from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the JPAS price today?
JPMorgan ETFs Ireland ICAV - Ultra-Short Active UCITS ETF (JPAS) last traded at £95.55 on the London Stock Exchange ETF segment, as of 1 Oct 2026, 10:33 AM ET. That is ₹12,166 a unit at the 30 Sep 2026 GBP/INR rate.
When does JPAS trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is JPAS, and what does it cost to hold?
JPMorgan ETFs Ireland ICAV - Ultra-Short Active UCITS ETF manages about £738.0M. Its expense ratio is 0.18% a year, deducted inside the fund. It launched in 2018.
Is JPAS a UCITS ETF?
Yes. JPMorgan ETFs Ireland ICAV - Ultra-Short Active UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in GBP.
What are JPAS's largest holdings?
The top three are US TREAS NTS 3.375% 02/29/28 (3.2%), COOPERAT RABOBANK V/R 01/14/28 (2.9%) and Cash and Cash Equivalent (2.0%). JPAS's 10 largest positions make up 14.6% of the fund.
Is JPAS subject to US estate tax?
No. Because JPAS is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
Is JPAS accumulating or distributing?
Distributing. It pays dividends out to you in cash, taxed at your slab rate in India.
How are gains on JPAS taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
How has JPAS performed?
JPAS' price is up 5.5% over the past year and up 23.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is JPAS different from a US-listed ETF?
JPAS is domiciled in Ireland rather than the US, which keeps it outside US estate tax. Capital gains on both are taxed the same way in India.