NYSE Arca · ETF
Invest in BIL ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) units directly through Paasa.
By Paasa · Updated
BIL at a glance
- Price
- $91.62+$0.04 (0.04%)
- Expense ratio
- 0.14%
- Day range
- $91.61 – $91.62
- Assets
- $48.0B
- Domicile
- the US
- Holdings
- 33
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- +0.00%
- 6 months
- +0.04%
- YTD
- +0.27%
- 1 year
- -0.10%
- 5 years
- +0.19%
Price change, excluding dividends.
Top 10 holdings
- 1TREASURY BILL 10/26 0.0000010.3%
- 2TREASURY BILL 10/26 0.000009.8%
- 3TREASURY BILL 11/26 0.000008.5%
- 4TREASURY BILL 10/26 0.000007.0%
- 5TREASURY BILL 10/26 0.000006.7%
- 6TREASURY BILL 11/26 0.000006.4%
- 7TREASURY BILL 11/26 0.000006.4%
- 8TREASURY BILL 11/26 0.000006.4%
- 9TREASURY BILL 10/26 0.000006.4%
- 10TREASURY BILL 10/26 0.000006.3%
BIL holds 33 securities in total. These 10 are 74.2% of the fund.
Where the money is invested
Countries
- United States99.8%
- Other0.2%
How to invest in BIL 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.
Step 3
Search BIL and buy
Find the fund by its ticker, BIL, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in BIL from India
What BIL holds
The State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is designed to closely mirror the price appreciation and income generation of the Bloomberg 1-3 Month U.S. Treasury Bill Index, prior to accounting for its operational costs. This fund primarily invests in government-issued U.S. Treasury Bills that have a remaining term of just one to three months.
Hold a dollar asset
BIL is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one BIL unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy BIL from India?
Yes. Indian residents can buy State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) through Paasa. It is listed on NYSE Arca and trades in US dollars. 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 BIL invest in?
State Street SPDR Bloomberg 1-3 Month T-Bill ETF holds 33 securities. Its largest holdings are TREASURY BILL 10/26 0.00000 (10.3%), TREASURY BILL 10/26 0.00000 (9.8%) and TREASURY BILL 11/26 0.00000 (8.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of BIL?
State Street SPDR Bloomberg 1-3 Month T-Bill ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about $48.0B.
How are BIL dividends taxed in India?
State Street SPDR Bloomberg 1-3 Month T-Bill 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 BIL?
The US does not levy capital gains tax on shares for Indian residents. 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 USD/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.
Can I buy a fraction of one BIL unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $91.62, and there is no minimum trade size.
What happens to my BIL units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.