London Stock Exchange ETF segment · UCITS ETF
Invest in CBE3 ETF from India
Indian and foreign residents can buy iShares € Govt Bond 1-3yr UCITS ETF (CBE3) units directly through Paasa.
By Paasa · Updated
CBE3 at a glance
- Price
- €116.50-€0.01 (0.01%)
- Expense ratio
- 0.1%
- Day range
- €116.44 – €116.60
- Assets
- €2.5B
- Domicile
- Ireland
- Holdings
- 15
- Launched
- 2009
- Dividends
- Accumulating
- 1 month
- +0.28%
- 6 months
- +0.51%
- YTD
- +0.77%
- 1 year
- +0.71%
- 5 years
- +4.69%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE (REPUBLIC OF) 2.40% 09/24/2028 (FRTR)15.4%
- 2FRANCE (REPUBLIC OF) 2.40% 09/24/2029 (FRTR)10.3%
- 3GERMANY (FEDERAL REPUBLIC OF) RegS 2.10% 03/15/2028 (BKO)7.3%
- 4SPAIN (KINGDOM OF) 2.40% 05/31/2028 (SPGB)7.2%
- 5GERMANY (FEDERAL REPUBLIC OF) RegS 2.70% 09/13/2028 (BKO)7.2%
- 6GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 06/14/2028 (DEGV)7.1%
- 7SPAIN (KINGDOM OF) 2.35% 03/31/2029 (SPGB)6.8%
- 8GERMANY (FEDERAL REPUBLIC OF) 2.00% 12/16/2027 (BKO)6.8%
- 9ITALY (REPUBLIC OF) RegS 2.20% 02/28/2028 (BTPS)6.0%
- 10ITALY (REPUBLIC OF) RegS 2.40% 03/15/2029 (BTPS)5.3%
CBE3 holds 15 securities in total. These 10 are 79.6% of the fund.
Where the money is invested
Countries
- Germany32.0%
- Italy28.1%
- France25.9%
- Spain14.0%
- Ireland0.0%
- Other0.0%
How to invest in CBE3 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 CBE3 and buy
Find the fund by its ticker, CBE3, on the London Stock Exchange ETF segment, and place your order.
Why invest in CBE3 from India
What CBE3 holds
This fund is designed to replicate the returns of a specific benchmark index. This index comprises sovereign debt securities, which are of investment-grade quality, issued by the governments of France, Germany, Italy, the Netherlands, and Spain.
Outside US estate tax
CBE3 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from CBE3's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 CBE3's UCITS structure matters for Indian investors
CBE3 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 CBE3 from India?
Yes. Indian residents can buy iShares € Govt Bond 1-3yr UCITS ETF (CBE3) 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 CBE3 invest in?
iShares € Govt Bond 1-3yr UCITS ETF holds 15 securities. Its largest holdings are FRANCE (REPUBLIC OF) 2.40% 09/24/2028 (FRTR) (15.4%), FRANCE (REPUBLIC OF) 2.40% 09/24/2029 (FRTR) (10.3%) and GERMANY (FEDERAL REPUBLIC OF) RegS 2.10% 03/15/2028 (BKO) (7.3%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of CBE3?
iShares € Govt Bond 1-3yr UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about €2.5B.
Is CBE3 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Govt Bond 1-3yr 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.
Does CBE3 pay dividends?
No. iShares € Govt Bond 1-3yr UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell CBE3?
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.