London Stock Exchange ETF segment · UCITS ETF
Invest in GBPC ETF from India
Indian and foreign residents can buy L&G Corporate Bond Screened UCITS ETF (GBPC) units directly through Paasa.
By Paasa · Updated
GBPC at a glance
- Price
- £7.76+£0.01 (0.11%)
- Expense ratio
- 0.09%
- Day range
- £7.73 – £7.76
- Assets
- £134.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -0.60%
- 6 months
- -2.16%
- YTD
- -5.64%
- 1 year
- -3.71%
- 5 years
- -20.29%
Price change, excluding dividends.
Top 10 holdings
- 1ZURICH FINANCE IR 5.125 23NOV52 FRN0.5%
- 2HEATHROW FUNDING LTD 6.45 10DEC330.5%
- 3COOPERATIEVE CENTRALE RAIFFEISEN-BO0.5%
- 4COOPERATIEVE RABO 4.875 01NOV30 FRN0.5%
- 5SANTANDER UK GROU 7.098 16NOV27 FRN0.5%
- 6BARCLAYS PLC 5.851 21MAR35 FRN0.5%
- 7BANCO SANTANDER SA 2.25 04OCT32 FRN0.5%
- 8LAND SECURITIES CAPIT 4.875 15SEP340.4%
- 9HSBC HLDGS PLC 3.0 22JUL28 FRN0.4%
- 10NATIONWIDE BUILDI 5.532 13JAN33 FRN0.4%
These 10 are 4.7% of the fund.
Where the money is invested
Countries
- United Kingdom51.2%
- United States18.2%
- France6.6%
- Other5.0%
- Netherlands4.7%
- Spain3.1%
How to invest in GBPC 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 GBPC and buy
Find the fund by its ticker, GBPC, on the London Stock Exchange ETF segment, and place your order.
Why invest in GBPC from India
What GBPC holds
The L&G GBP Corporate Bond Screened UCITS ETF endeavors to replicate the performance of the J.P. Morgan GCI ESG Investment Grade GBP Custom Maturity Index.
Outside US estate tax
GBPC 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 GBPC's UCITS structure matters for Indian investors
GBPC 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 GBPC from India?
Yes. Indian residents can buy L&G Corporate Bond Screened UCITS ETF (GBPC) 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 GBPC invest in?
Its largest holdings are ZURICH FINANCE IR 5.125 23NOV52 FRN (0.5%), HEATHROW FUNDING LTD 6.45 10DEC33 (0.5%) and COOPERATIEVE CENTRALE RAIFFEISEN-BO (0.5%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of GBPC?
L&G Corporate Bond 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 £134.6M.
Is GBPC a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Corporate Bond 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 GBPC dividends taxed in India?
L&G Corporate Bond 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 GBPC?
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.