London Stock Exchange ETF segment · UCITS ETF
Invest in 0UCF ETF from India
Indian and foreign residents can buy iShares € Corp Bond Financials UCITS ETF (0UCF) units directly through Paasa.
By Paasa · Updated
0UCF at a glance
- Price
- €99.25+€0.34 (0.34%)
- Expense ratio
- 0.2%
- Day range
- €99.25 – €99.25
- Assets
- €487.2M
- Domicile
- Ireland
- Holdings
- 1,678
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -1.57%
- 6 months
- -2.31%
- YTD
- -2.70%
- 1 year
- -3.92%
- 5 years
- -11.23%
Price change, excluding dividends.
Top 10 holdings
- 1BLK LEAF FUND AGENCY ACC T0 EUR0.2%
- 2MORGAN STANLEY MTN 3.15% 11/07/2031 (MS)0.2%
- 3BANCO SANTANDER SA MTN RegS 4.88% 10/18/2031 (SANTAN)0.2%
- 4JPMORGAN CHASE & CO MTN RegS 1.96% 03/23/2030 (JPM)0.2%
- 5WELLS FARGO & COMPANY MTN RegS 2.77% 07/23/2029 (WFC)0.2%
- 6GOLDMAN SACHS GROUP INC/THE MTN RegS 3.98% 12/18/2036 (GS)0.2%
- 7BANCO SANTANDER SA MTN RegS 3.25% 04/02/2029 (SANTAN)0.2%
- 8JPMORGAN CHASE & CO MTN RegS 1.00% 07/25/2031 (JPM)0.2%
- 9BNP PARIBAS SA MTN RegS 3.58% 01/15/2031 (BNP)0.2%
- 10DEUTSCHE BANK AG RegS 3.00% 06/16/2029 (DB)0.2%
0UCF holds 1,678 securities in total. These 10 are 1.8% of the fund.
Where the money is invested
Countries
- France20.9%
- United States11.6%
- Netherlands8.6%
- United Kingdom8.3%
- Spain7.2%
- Germany6.8%
How to invest in 0UCF 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 0UCF and buy
Find the fund by its ticker, 0UCF, on the London Stock Exchange ETF segment, and place your order.
Why invest in 0UCF from India
What 0UCF holds
The Fund seeks to track the performance of an index composed of Euro denominated investment grade corporate bonds.
Outside US estate tax
0UCF 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 0UCF's UCITS structure matters for Indian investors
0UCF 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 0UCF from India?
Yes. Indian residents can buy iShares € Corp Bond Financials UCITS ETF (0UCF) 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 0UCF invest in?
iShares € Corp Bond Financials UCITS ETF holds 1,678 securities. Its largest holdings are BLK LEAF FUND AGENCY ACC T0 EUR (0.2%), MORGAN STANLEY MTN 3.15% 11/07/2031 (MS) (0.2%) and BANCO SANTANDER SA MTN RegS 4.88% 10/18/2031 (SANTAN) (0.2%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of 0UCF?
iShares € Corp Bond Financials UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €487.2M.
Is 0UCF a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Corp Bond Financials 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 0UCF dividends taxed in India?
iShares € Corp Bond Financials 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 0UCF?
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.