London Stock Exchange ETF segment · UCITS ETF
Invest in CLIP ETF from India
Indian and foreign residents can buy Global X 1-3 Month T-Bill UCITS ETF (CLIP) units directly through Paasa.
By Paasa · Updated
CLIP at a glance
- Price
- $16.98-$0.00 (0.02%)
- Expense ratio
- 0.07%
- Day range
- $16.97 – $16.98
- Assets
- $119.8M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2023
- Dividends
- —
- 1 month
- +0.33%
- 6 months
- +1.84%
- YTD
- +2.70%
- 1 year
- +3.77%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1B 10/15/2619.2%
- 2B 10/27/2618.7%
- 3B 11/05/2618.6%
- 4B 10/01/2612.5%
- 5B 10/08/2611.2%
- 6B 11/17/2610.0%
- 7B 11/27/269.7%
- 8CASH0.0%
- 9EURO0.0%
- 10OTHER PAYABLE & RECEIVABLES—
These 10 are 100.0% of the fund.
Where the money is invested
Countries
- United States100.0%
- Other0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CLIPAMEXGlobal X - 1-3 Month T-Bill ETF | 0.07% | 2.4B |
Assets are shown in each fund's own reporting currency.
How to invest in CLIP 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 CLIP and buy
Find the fund by its ticker, CLIP, on the London Stock Exchange ETF segment, and place your order.
Why invest in CLIP from India
What CLIP holds
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Solactive 1-3 month US T-Bill Index (the Index).
Outside US estate tax
CLIP is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
CLIP 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.
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 CLIP's UCITS structure matters for Indian investors
CLIP 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 CLIP from India?
Yes. Indian residents can buy Global X 1-3 Month T-Bill UCITS ETF (CLIP) through Paasa. It is listed on the London Stock Exchange ETF segment 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 CLIP invest in?
Its largest holdings are B 10/15/26 (19.2%), B 10/27/26 (18.7%) and B 11/05/26 (18.6%). The fund is domiciled in Ireland.
What is the expense ratio of CLIP?
Global X 1-3 Month T-Bill UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about $119.8M.
Is CLIP a UCITS ETF, and why does that matter for Indian investors?
Yes. Global X 1-3 Month T-Bill 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.
What tax do I pay in India when I sell CLIP?
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.