London Stock Exchange ETF segment · UCITS ETF
Invest in CSUK ETF from India
Indian and foreign residents can buy iShares MSCI UK UCITS ETF (CSUK) units directly through Paasa.
By Paasa · Updated
CSUK at a glance
- Price
- £201.45+£0.55 (0.27%)
- Expense ratio
- 0.33%
- Day range
- £201.30 – £203.05
- Assets
- £116.0M
- Domicile
- Ireland
- Holdings
- 66
- Launched
- 2010
- Dividends
- —
- 1 month
- -1.44%
- 6 months
- +8.15%
- YTD
- +9.64%
- 1 year
- +18.15%
- 5 years
- +79.95%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLC11.0%
- 2SHELL8.9%
- 3ASTRAZENECA PLC8.0%
- 4ROLLS-ROYCE HOLDINGS PLC5.2%
- 5UNILEVER PLC4.3%
- 6BP PLC3.7%
- 7BRITISH AMERICAN TOBACCO3.6%
- 8RIO TINTO3.2%
- 9GLAXOSMITHKLINE3.2%
- 10LLOYDS BANKING GROUP PLC2.7%
CSUK holds 66 securities in total. These 10 are 53.8% of the fund.
Where the money is invested
Sectors
- Financial Services26.1%
- Consumer Defensive14.2%
- Industrials13.3%
- Healthcare13.2%
- Energy12.4%
- Basic Materials8.7%
Countries
- United Kingdom92.7%
- Switzerland2.6%
- Other2.2%
- Ireland1.4%
- Hong Kong1.0%
- Mexico0.2%
How to invest in CSUK 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 CSUK and buy
Find the fund by its ticker, CSUK, on the London Stock Exchange ETF segment, and place your order.
Why invest in CSUK from India
What CSUK holds
This investment vehicle is designed to replicate the performance of a market benchmark comprised of companies based in the United Kingdom.
Outside US estate tax
CSUK 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 CSUK's UCITS structure matters for Indian investors
CSUK 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 CSUK from India?
Yes. Indian residents can buy iShares MSCI UK UCITS ETF (CSUK) 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 CSUK invest in?
iShares MSCI UK UCITS ETF holds 66 securities. Its largest holdings are HSBC HOLDINGS PLC (11.0%), SHELL (8.9%) and ASTRAZENECA PLC (8.0%). Financial Services is its largest sector at 26.1%. The fund is domiciled in Ireland.
What is the expense ratio of CSUK?
iShares MSCI UK UCITS ETF has an expense ratio of 0.33% a year, taken from the fund's assets rather than billed to you. The fund manages about £116.0M.
Is CSUK a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI UK 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 CSUK?
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.