London Stock Exchange ETF segment · UCITS ETF
Invest in BCHS ETF from India
Indian and foreign residents can buy Invesco CoinShares Global Blockchain UCITS ETF (BCHS) units directly through Paasa.
By Paasa · Updated
BCHS at a glance
- Price
- £140.82-£0.62 (0.44%)
- Expense ratio
- 0.65%
- Day range
- £140.16 – £143.58
- Assets
- £836.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- —
- 1 month
- +2.73%
- 6 months
- +30.56%
- YTD
- +21.56%
- 1 year
- +12.75%
- 5 years
- +73.98%
Price change, excluding dividends.
Top 10 holdings
- 1HYPERLIQUID ST USD 0.0100000005.1%
- 2SBI HOLDINGS INC NPV4.2%
- 3METAPLANET INCJPY NPV4.2%
- 4SAMSUNG ELECTRONICS CO LTD KRW1004.1%
- 5CIRCLE IUSD NPV3.6%
- 6GALAXY DIGITAL INC-A USD NPV3.3%
- 7COINBASE GLOBAL INC -CLASS A USD 0.00003.2%
- 8ADVANCED MICRO DEVICES USD0.013.2%
- 9SharpLink Inc USD NPV3.1%
- 10RIOT PLATFORMS IN USD NPV3.1%
These 10 are 37.0% of the fund.
Where the money is invested
Sectors
- Financial Services58.6%
- Technology28.2%
- Consumer Cyclical7.6%
- Communication Services4.5%
- Utilities1.1%
- Industrials0.0%
Countries
- United States57.3%
- Japan18.5%
- South Korea4.0%
- Australia2.9%
- Taiwan2.8%
- Brazil2.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| BCHNLSEInvesco CoinShares Global Blockchain UCITS ETF | 0.65% | 1.1B |
| BNXGXETRAInvesco CoinShares Global Blockchain UCITS ETF | 0.65% | 979.0M |
Assets are shown in each fund's own reporting currency.
How to invest in BCHS 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 GBP when you buy.
Step 3
Search BCHS and buy
Find the fund by its ticker, BCHS, on the London Stock Exchange ETF segment, and place your order.
Why invest in BCHS from India
What BCHS holds
The Invesco CoinShares Global Blockchain UCITS ETF Acc aims to mirror the net total return of its benchmark, the CoinShares Blockchain Global Equity Index (referred to as the "Reference Index"), after accounting for fees. This fund offers investors access to a global portfolio of companies, situated in both developed and emerging markets, that are either actively participating in or are poised to benefit from the expanding blockchain ecosystem.
Outside US estate tax
BCHS 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 BCHS' UCITS structure matters for Indian investors
BCHS 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 BCHS from India?
Yes. Indian residents can buy Invesco CoinShares Global Blockchain UCITS ETF (BCHS) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 BCHS invest in?
Its largest holdings are HYPERLIQUID ST USD 0.010000000 (5.1%), SBI HOLDINGS INC NPV (4.2%) and METAPLANET INCJPY NPV (4.2%). Financial Services is its largest sector at 58.6%. The fund is domiciled in Ireland.
What is the expense ratio of BCHS?
Invesco CoinShares Global Blockchain 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 £836.6M.
Is BCHS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco CoinShares Global Blockchain 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.
What tax do I pay in India when I sell BCHS?
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 GBP/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.