London Stock Exchange ETF segment · UCITS ETF
Invest in FLOA ETF from India
Indian and foreign residents can buy iShares $ Floating Rate Bond UCITS ETF (FLOA) units directly through Paasa.
By Paasa · Updated
FLOA at a glance
- Price
- $6.65+$0.01 (0.09%)
- Expense ratio
- 0.1%
- Day range
- $6.64 – $6.65
- Assets
- $4.2B
- Domicile
- Ireland
- Holdings
- 555
- Launched
- 2018
- Dividends
- —
- 1 month
- +0.39%
- 6 months
- +2.56%
- YTD
- +3.20%
- 1 year
- +4.50%
- 5 years
- +24.59%
Price change, excluding dividends.
Top 10 holdings
- 1BLK ICS USD LEAF AGENCY DIST1.6%
- 2EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.10% 02/20/2028 (EBRD)1.1%
- 3EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.08% 02/16/2029 (EBRD)1.1%
- 4INTERNATIONAL BANK FOR RECONSTRUCT MTN 4.19% 08/19/2027 (IBRD)1.0%
- 5EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.10% 07/22/2030 (EBRD)0.9%
- 6INTERNATIONAL BANK FOR RECONSTRUCT 4.02% 01/24/2029 (IBRD)0.8%
- 7KOMMUNALBANKEN AS MTN 144A 4.23% 03/03/2028 (KBN)0.8%
- 8INTERNATIONAL BANK FOR RECONSTRUCT 3.95% 11/22/2028 (IBRD)0.8%
- 9INTERNATIONAL BANK FOR RECONSTRUCT MTN 4.02% 06/15/2027 (IBRD)0.8%
- 10KOMMUNALBANKEN AS MTN 144A 4.09% 04/09/2029 (KBN)0.8%
FLOA holds 555 securities in total. These 10 are 9.7% of the fund.
Where the money is invested
Countries
- United States53.9%
- United Kingdom8.2%
- Australia7.2%
- Canada5.6%
- Japan4.9%
- South Korea3.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FLOTLSEiShares $ Floating Rate Bond UCITS ETF | 0.1% | 516.1M |
| FLOSLSEiShares $ Floating Rate Bond UCITS ETF | 0.12% | 65.1M |
| 0FLELSEiShares $ Floating Rate Bond UCITS ETF | 0.1% | 454.7M |
Assets are shown in each fund's own reporting currency.
How to invest in FLOA 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 FLOA and buy
Find the fund by its ticker, FLOA, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLOA from India
What FLOA holds
This Fund aims to replicate the performance of an underlying index. This index consists of high-quality corporate debt instruments, denominated in U.S. dollars, which have a short time until maturity.
Outside US estate tax
FLOA 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
FLOA 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 FLOA's UCITS structure matters for Indian investors
FLOA 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 FLOA from India?
Yes. Indian residents can buy iShares $ Floating Rate Bond UCITS ETF (FLOA) 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 FLOA invest in?
iShares $ Floating Rate Bond UCITS ETF holds 555 securities. Its largest holdings are BLK ICS USD LEAF AGENCY DIST (1.6%), EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.10% 02/20/2028 (EBRD) (1.1%) and EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.08% 02/16/2029 (EBRD) (1.1%). The fund is domiciled in Ireland.
What is the expense ratio of FLOA?
iShares $ Floating Rate Bond 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 $4.2B.
Is FLOA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Floating Rate 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.
What tax do I pay in India when I sell FLOA?
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.