London Stock Exchange ETF segment · UCITS ETF
Invest in DRGN ETF from India
Indian and foreign residents can buy L&G China CNY Bond UCITS ETF (DRGN) units directly through Paasa.
By Paasa · Updated
DRGN at a glance
- Price
- $10.54-$0.00 (0.04%)
- Expense ratio
- 0.3%
- Day range
- $10.54 – $10.56
- Assets
- $107.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- +0.58%
- 6 months
- +3.95%
- YTD
- +4.99%
- 1 year
- +7.45%
- 5 years
- +1.06%
Price change, excluding dividends.
Top 10 holdings
- 1CHINA GOVERNMENT BOND 1.79 25MAR321.2%
- 2CHINA GOVERNMENT BOND 1.72 15MAY361.1%
- 3CHINA GOVERNMENT BOND 1.43 25JAN301.1%
- 4CHINA GOVERNMENT BOND 1.45 25FEB281.1%
- 5CHINA GOVERNMENT BOND 1.75 25FEB361.1%
- 6CHINA DEVELOPMENT BANK 1.92 06MAR361.0%
- 7AGRICULTURAL DEVELOPME 2.96 17APR301.0%
- 8AGRICULTURAL DEVELOPME 1.82 07AUG351.0%
- 9AGRICULTURAL DEVELOPMEN 3.3 05NOV310.9%
- 10CHINA GOVERNMENT BOND 1.26 25MAY290.9%
These 10 are 10.3% of the fund.
Where the money is invested
Countries
- China100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CYGBLSEiShares China CNY Bond UCITS ETF | 0.4% | 194.6M |
| CYBEAMSiShares China CNY Bond UCITS ETF EUR | 0.4% | 362.5M |
| CNYBAMSiShares China CNY Bond UCITS ETF | 0.35% | 632.3M |
| CYBAAMSiShares China CNY Bond UCITS ETF | 0.35% | 310.4M |
| CYBUAMSiShares China CNY Bond UCITS ETF | 0.4% | 997.0M |
Assets are shown in each fund's own reporting currency.
How to invest in DRGN 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 DRGN and buy
Find the fund by its ticker, DRGN, on the London Stock Exchange ETF segment, and place your order.
Why invest in DRGN from India
What DRGN holds
The L&G China CNY Bond UCITS ETF is designed to closely replicate the returns of the J.P. Morgan China Custom Liquid ESG Capped Index.
Outside US estate tax
DRGN 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
DRGN 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 DRGN's UCITS structure matters for Indian investors
DRGN 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 DRGN from India?
Yes. Indian residents can buy L&G China CNY Bond UCITS ETF (DRGN) 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 DRGN invest in?
Its largest holdings are CHINA GOVERNMENT BOND 1.79 25MAR32 (1.2%), CHINA GOVERNMENT BOND 1.72 15MAY36 (1.1%) and CHINA GOVERNMENT BOND 1.43 25JAN30 (1.1%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of DRGN?
L&G China CNY Bond UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $107.6M.
Is DRGN a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G China CNY Bond 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.
How are DRGN dividends taxed in India?
L&G China CNY Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell DRGN?
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.