London Stock Exchange ETF segment · UCITS ETF
Invest in 020Y ETF from India
Indian and foreign residents can buy iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y) units directly through Paasa.
By Paasa · Updated
020Y at a glance
- Price
- €2.92+€0.02 (0.67%)
- Expense ratio
- 0.15%
- Day range
- €2.91 – €2.92
- Assets
- €151.2M
- Domicile
- Ireland
- Holdings
- 47
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -3.33%
- 6 months
- -8.20%
- YTD
- -8.77%
- 1 year
- -11.80%
- 5 years
- -51.51%
Price change, excluding dividends.
Top 10 holdings
- 1GERMANY (FEDERAL REPUBLIC OF) RegS 1.80% 08/15/2053 (DBR)20.4%
- 2FRANCE (REPUBLIC OF) 0.75% 05/25/2052 (FRTR)11.0%
- 3GERMANY (FEDERAL REPUBLIC OF) RegS 1.80% 08/15/2053 (DBR)7.3%
- 4AUSTRIA (REPUBLIC OF) 0.75% 03/20/2051 (RAGB)4.6%
- 5BELGIUM KINGDOM OF (GOVERNMENT) 1.40% 06/22/2053 (BGB)4.3%
- 6GERMANY (FEDERAL REPUBLIC OF) RegS 2.90% 08/15/2056 (DBR)3.6%
- 7GERMANY (FEDERAL REPUBLIC OF) RegS 1.25% 08/15/2048 (DBR)3.4%
- 8GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 08/15/2054 (DBR)3.0%
- 9FRANCE (REPUBLIC OF) 4.00% 04/25/2055 (FRTR)2.5%
- 10GERMANY (FEDERAL REPUBLIC OF) RegS 0.00% 08/15/2050 (DBR)2.5%
020Y holds 47 securities in total. These 10 are 62.6% of the fund.
Where the money is invested
Countries
- Germany42.5%
- France30.8%
- Belgium10.6%
- Austria9.5%
- Netherlands3.9%
- Finland1.3%
How to invest in 020Y 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 EUR when you buy.
Step 3
Search 020Y and buy
Find the fund by its ticker, 020Y, on the London Stock Exchange ETF segment, and place your order.
Why invest in 020Y from India
What 020Y holds
This investment fund aims to replicate the financial performance of a particular benchmark. This benchmark comprises government-issued debt instruments from Eurozone countries, specifically those whose average interest rate sensitivity (duration) is intended to be around two decades, and which also possess a minimum credit rating of AA-.
Outside US estate tax
020Y is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 020Y's UCITS structure matters for Indian investors
020Y is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy 020Y from India?
Yes. Indian residents can buy iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in EUR. 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 020Y invest in?
iShares € Govt Bond 20yr Target Duration UCITS ETF holds 47 securities. Its largest holdings are GERMANY (FEDERAL REPUBLIC OF) RegS 1.80% 08/15/2053 (DBR) (20.4%), FRANCE (REPUBLIC OF) 0.75% 05/25/2052 (FRTR) (11.0%) and GERMANY (FEDERAL REPUBLIC OF) RegS 1.80% 08/15/2053 (DBR) (7.3%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of 020Y?
iShares € Govt Bond 20yr Target Duration UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €151.2M.
Is 020Y a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Govt Bond 20yr Target Duration 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.
How are 020Y dividends taxed in India?
iShares € Govt Bond 20yr Target Duration 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 020Y?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the EUR/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.