London Stock Exchange ETF segment · UCITS ETF
Invest in GBP5 ETF from India
Indian and foreign residents can buy L&G Corporate Bond 0-5 Year Screened UCITS ETF (GBP5) units directly through Paasa.
By Paasa · Updated
GBP5 at a glance
- Price
- £9.50+£0.02 (0.21%)
- Expense ratio
- 0.09%
- Day range
- £9.48 – £9.52
- Assets
- £88.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -0.39%
- 6 months
- -0.79%
- YTD
- -3.32%
- 1 year
- -2.01%
- 5 years
- -4.81%
Price change, excluding dividends.
Top 10 holdings
- 1SANTANDER UK GROU 7.098 16NOV27 FRN1.0%
- 2CADENT FINANCE PLC 2.125 22SEP281.0%
- 3BARCLAYS PLC 3.25 12FEB271.0%
- 4BANCO SANTANDER SA 5.375 17JAN310.9%
- 5LVMH MOET HENNESSY LO 1.125 11FEB270.9%
- 6BARCLAYS PLC 6.369 31JAN31 FRN0.8%
- 7COOPERATIEVE RABO 4.875 01NOV30 FRN0.8%
- 8COOPERATIEVE CENTRALE RAIFFEISEN-BO0.8%
- 9BANQUE FEDERATIVE DU CR 4.5 22OCT300.8%
- 10ABN AMRO BANK NV 4.625 08NOV300.8%
These 10 are 8.9% of the fund.
Where the money is invested
Countries
- United Kingdom36.8%
- United States23.8%
- Netherlands7.9%
- France7.7%
- Other5.6%
- Spain5.0%
How to invest in GBP5 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 GBP5 and buy
Find the fund by its ticker, GBP5, on the London Stock Exchange ETF segment, and place your order.
Why invest in GBP5 from India
What GBP5 holds
This investment vehicle, formally known as the L&G GBP Corporate Bond 0-5 Year Screened UCITS ETF, endeavors to replicate the performance of its benchmark, the J.P. Morgan GCI ESG Investment Grade GBP Short-Term Custom Maturity Index.
Outside US estate tax
GBP5 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 GBP5's UCITS structure matters for Indian investors
GBP5 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 GBP5 from India?
Yes. Indian residents can buy L&G Corporate Bond 0-5 Year Screened UCITS ETF (GBP5) 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 GBP5 invest in?
Its largest holdings are SANTANDER UK GROU 7.098 16NOV27 FRN (1.0%), CADENT FINANCE PLC 2.125 22SEP28 (1.0%) and BARCLAYS PLC 3.25 12FEB27 (1.0%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of GBP5?
L&G Corporate Bond 0-5 Year Screened UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about £88.2M.
Is GBP5 a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Corporate Bond 0-5 Year Screened 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 GBP5 dividends taxed in India?
L&G Corporate Bond 0-5 Year Screened 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 GBP5?
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 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.