London Stock Exchange ETF segment · ETF
Invest in DBMF ETF from India
Indian and foreign residents can buy iMGP DBi Managed Futures Fund R ETF Distribution -R ETF (DBMF) units directly through Paasa.
By Paasa · Updated
DBMF at a glance
- Price
- $137.20-$1.56 (1.12%)
- Expense ratio
- 0.55%
- Day range
- $137.20 – $137.90
- Assets
- $163.4M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2025
- Dividends
- —
- 1 month
- +3.13%
- 6 months
- +6.48%
- YTD
- +14.78%
- 1 year
- +24.67%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1UNITED STATES TREASURY BILL ZCP 22-09-2610.9%
- 2UNITED STATES TREASURY BILL ZCP 08-09-2610.0%
- 3UNITED STATES TREASURY BILL ZCP 17-09-2610.0%
- 4UNITED STATES TREASURY BILL ZCP 06-08-269.6%
- 5UNITED STATES TREASURY BILL ZCP 30-07-268.2%
- 6UNITED STATES TREASURY BILL ZCP 16-07-267.7%
- 7GREENLEAVES CAPITAL DAC ZCP 16-06-286.6%
- 8ARIES CAPITAL ZCP 24-01-286.6%
- 9UNITED STATES TREASURY BILL ZCP 24-09-266.5%
- 10GOLDMAN SACHS INTL6.1%
These 10 are 82.2% of the fund.
Where the money is invested
Countries
- United States72.6%
- Other27.4%
How to invest in DBMF 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 DBMF and buy
Find the fund by its ticker, DBMF, on the London Stock Exchange ETF segment, and place your order.
Why invest in DBMF from India
What DBMF holds
The objective of this Fund is to provide its investors with long-term capital appreciation by implementing a UCITS compliant strategy that seeks to approximate the returns that alternative funds using managed futures style.
Hold a dollar asset
DBMF 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.
Frequently asked questions
Can I buy DBMF from India?
Yes. Indian residents can buy iMGP DBi Managed Futures Fund R ETF Distribution -R ETF (DBMF) 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 DBMF invest in?
Its largest holdings are UNITED STATES TREASURY BILL ZCP 22-09-26 (10.9%), UNITED STATES TREASURY BILL ZCP 08-09-26 (10.0%) and UNITED STATES TREASURY BILL ZCP 17-09-26 (10.0%). The fund is domiciled in Luxembourg.
What is the expense ratio of DBMF?
iMGP DBi Managed Futures Fund R ETF Distribution -R ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about $163.4M.
What tax do I pay in India when I sell DBMF?
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 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.