London Stock Exchange ETF segment · UCITS ETF
Invest in CUKS ETF from India
Indian and foreign residents can buy iShares MSCI UK Small UCITS ETF (CUKS) units directly through Paasa.
By Paasa · Updated
CUKS at a glance
- Price
- £284.60-£0.20 (0.07%)
- Expense ratio
- 0.58%
- Day range
- £284.60 – £285.89
- Assets
- £99.6M
- Domicile
- Ireland
- Holdings
- 195
- Launched
- 2009
- Dividends
- Accumulating
- 1 month
- -3.38%
- 6 months
- +15.06%
- YTD
- +7.54%
- 1 year
- +12.35%
- 5 years
- +11.81%
Price change, excluding dividends.
Top 10 holdings
- 1GBP CASH2.6%
- 2IMI PLC2.2%
- 3WEIR PLC2.0%
- 4HISCOX LTD1.8%
- 5GAMES WORKSHOP GROUP PLC1.7%
- 6ST JAMESS PLACE PLC1.6%
- 7DCC ENERGY PLC1.6%
- 8LION FINANCE GROUP PLC1.5%
- 9ICG PLC1.4%
- 10BARRATT REDROW PLC1.3%
CUKS holds 195 securities in total. These 10 are 17.6% of the fund.
Where the money is invested
Sectors
- Financial Services22.4%
- Industrials19.2%
- Consumer Cyclical18.3%
- Real Estate8.8%
- Communication Services7.2%
- Basic Materials6.5%
Countries
- United Kingdom85.1%
- Jersey2.6%
- Ireland2.4%
- Bermuda2.4%
- South Africa2.2%
- Greece1.1%
How to invest in CUKS 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 CUKS and buy
Find the fund by its ticker, CUKS, on the London Stock Exchange ETF segment, and place your order.
Why invest in CUKS from India
What CUKS holds
This investment fund's goal is to mirror the financial results of a specific index, which is made up of companies with a smaller market capitalization that are based in the United Kingdom.
Outside US estate tax
CUKS 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 CUKS' 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 CUKS' UCITS structure matters for Indian investors
CUKS 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 CUKS from India?
Yes. Indian residents can buy iShares MSCI UK Small UCITS ETF (CUKS) 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 CUKS invest in?
iShares MSCI UK Small UCITS ETF holds 195 securities. Its largest holdings are GBP CASH (2.6%), IMI PLC (2.2%) and WEIR PLC (2.0%). Financial Services is its largest sector at 22.4%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of CUKS?
iShares MSCI UK Small UCITS ETF has an expense ratio of 0.58% a year, taken from the fund's assets rather than billed to you. The fund manages about £99.6M.
Is CUKS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI UK Small 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.
Does CUKS pay dividends?
No. iShares MSCI UK Small 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 CUKS?
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.