XETRA · UCITS ETF
Invest in EFRN ETF from India
Indian and foreign residents can buy iShares € Floating Rate Bond ESG UCITS ETF (EFRN) units directly through Paasa.
By Paasa · Updated
EFRN at a glance
- Price
- €5.08+€0.00 (0.00%)
- Expense ratio
- 0.1%
- Day range
- €5.08 – €5.08
- Assets
- €993.0M
- Domicile
- Ireland
- Holdings
- 142
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- +0.20%
- 6 months
- +0.20%
- YTD
- +0.60%
- 1 year
- +0.00%
- 5 years
- +1.40%
Price change, excluding dividends.
Top 10 holdings
- 1COOPERATIEVE RABOBANK UA MTN RegS 3.02% 07/16/2028 (RABOBK)1.6%
- 2JPMORGAN CHASE & CO MTN RegS 3.04% 02/18/2029 (JPM)1.6%
- 3AUSTRALIA AND NEW ZEALAND BANKING MTN RegS 2.89% 05/21/2027 (ANZ)1.6%
- 4NOVO NORDISK FINANCE NETHERLANDS B MTN RegS 2.85% 05/27/2027 (NOVOB)1.4%
- 5CANADIAN IMPERIAL BANK OF COMMERCE MTN RegS 3.02% 06/23/2028 (CM)1.4%
- 6NATWEST MARKETS PLC MTN RegS 3.23% 06/11/2028 (NWG)1.4%
- 7UBS GROUP AG RegS 3.46% 05/12/2029 (UBS)1.3%
- 8AUSTRALIA AND NEW ZEALAND BANKING MTN RegS 2.93% 10/29/2027 (ANZ)1.3%
- 9SOCIETE GENERALE SA MTN RegS 2.70% 07/07/2028 (SOCGEN)1.3%
- 10WESTPAC BANKING CORP MTN RegS 2.89% 01/14/2028 (WSTP)1.3%
EFRN holds 142 securities in total. These 10 are 14.2% of the fund.
Where the money is invested
Countries
- Other18.1%
- United States11.7%
- Canada11.5%
- United Kingdom10.3%
- France8.8%
- Netherlands8.6%
How to invest in EFRN 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 EUR when you buy.
Step 3
Search EFRN and buy
Find the fund by its ticker, EFRN, on XETRA, and place your order.
Why invest in EFRN from India
What EFRN holds
The Fund strives to deliver investor returns by leveraging both capital appreciation and income generated from its portfolio. Its performance is intended to replicate the results of its benchmark, the Bloomberg MSCI EUR FRN Corporate 3% Issuer Cap Bond Sustainable SRI Index.
Outside US estate tax
EFRN 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 EFRN's UCITS structure matters for Indian investors
EFRN 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 EFRN from India?
Yes. Indian residents can buy iShares € Floating Rate Bond ESG UCITS ETF (EFRN) through Paasa. It is listed on XETRA and trades in EUR. 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 EFRN invest in?
iShares € Floating Rate Bond ESG UCITS ETF holds 142 securities. Its largest holdings are COOPERATIEVE RABOBANK UA MTN RegS 3.02% 07/16/2028 (RABOBK) (1.6%), JPMORGAN CHASE & CO MTN RegS 3.04% 02/18/2029 (JPM) (1.6%) and AUSTRALIA AND NEW ZEALAND BANKING MTN RegS 2.89% 05/21/2027 (ANZ) (1.6%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of EFRN?
iShares € Floating Rate Bond ESG UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about €993.0M.
Is EFRN a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Floating Rate Bond ESG 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 EFRN dividends taxed in India?
iShares € Floating Rate Bond ESG 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 EFRN?
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 EUR/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.