London Stock Exchange ETF segment · UCITS ETF
Invest in COMM ETF from India
Indian and foreign residents can buy iShares Diversified Commodity Swap UCITS ETF (COMM) units directly through Paasa.
By Paasa · Updated
COMM at a glance
- Price
- £8.00-£0.02 (0.19%)
- Expense ratio
- 0.19%
- Day range
- £7.97 – £8.03
- Assets
- £1.9B
- Domicile
- Ireland
- Holdings
- 73
- Launched
- 2017
- Dividends
- —
- 1 month
- +2.11%
- 6 months
- +8.25%
- YTD
- +32.74%
- 1 year
- +43.03%
- 5 years
- +71.80%
Price change, excluding dividends.
Top 10 holdings
- 1TREASURY BILL4.1%
- 2TREASURY BILL3.4%
- 3TREASURY BILL3.4%
- 4TREASURY BILL2.8%
- 5MACKINAC FUNDING CO LLC 144A2.1%
- 6BANCO BILBAO VIZCAYA ARGENTARIA SA2.0%
- 7TREASURY BILL2.0%
- 8TREASURY BILL2.0%
- 9AMERICAN HONDA FINANCE CORPORATION2.0%
- 10TREASURY BILL2.0%
COMM holds 73 securities in total. These 10 are 25.9% of the fund.
Where the money is invested
Sectors
- Basic Materials35.8%
- Financial Services17.8%
- Consumer Cyclical12.9%
- Communication Services12.3%
- Consumer Defensive9.7%
- Real Estate5.8%
Countries
- United States97.6%
- United Kingdom2.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ICOMLSEiShares Diversified Commodity Swap UCITS ETF | 0.19% | 2.5B |
| SXRSXETRAiShares Diversified Commodity Swap UCITS ETF | 0.19% | 2.2B |
Assets are shown in each fund's own reporting currency.
How to invest in COMM 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 COMM and buy
Find the fund by its ticker, COMM, on the London Stock Exchange ETF segment, and place your order.
Why invest in COMM from India
What COMM holds
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Bloomberg Commodity USD Total Return Index.
Outside US estate tax
COMM 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 COMM's UCITS structure matters for Indian investors
COMM 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 COMM from India?
Yes. Indian residents can buy iShares Diversified Commodity Swap UCITS ETF (COMM) 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 COMM invest in?
iShares Diversified Commodity Swap UCITS ETF holds 73 securities. Its largest holdings are TREASURY BILL (4.1%), TREASURY BILL (3.4%) and TREASURY BILL (3.4%). Basic Materials is its largest sector at 35.8%. The fund is domiciled in Ireland.
What is the expense ratio of COMM?
iShares Diversified Commodity Swap UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.9B.
Is COMM a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Diversified Commodity Swap 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 COMM?
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.