London Stock Exchange ETF segment · UCITS ETF
Invest in GCSG ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Amundi Global Corporate Bond 1-5Y ESG - UCITS ETF DR - C (GCSG) units directly through Paasa.
By Paasa · Updated
GCSG at a glance
- Price
- £55.55-£0.08 (0.14%)
- Expense ratio
- 0.15%
- Day range
- £55.46 – £55.80
- Assets
- £479.7M
- Domicile
- Luxembourg
- Holdings
- 3,676
- Launched
- 2021
- Dividends
- —
- 1 month
- +0.52%
- 6 months
- +0.27%
- YTD
- +0.78%
- 1 year
- +1.57%
- 5 years
- +11.40%
Price change, excluding dividends.
Top 10 holdings
- 1CASH0.5%
- 2SKYDANCE CORP 7.05% Oct310.1%
- 3BANK OF AMER VAR Dec280.1%
- 4AMAZON.COM IN 4.25% Mar310.1%
- 5NTT FINANCE 0.967% Jun290.1%
- 6ABBVIE INC 3.2% Nov290.1%
- 7GOLDMAN SACHS VAR Jan290.1%
- 8MORGAN STANLE 3.591% Jul280.1%
- 9NVIDIA CORP 4.5% Jun310.1%
- 10SALESFORCE IN 4.65% Mar290.1%
GCSG holds 3,676 securities in total. These 10 are 1.4% of the fund.
Where the money is invested
Sectors
- Corporate99.8%
- Securitized0.2%
Countries
- United States46.8%
- France8.5%
- United Kingdom7.4%
- Canada6.4%
- Netherlands5.4%
- Japan3.6%
How to invest in GCSG 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 GCSG and buy
Find the fund by its ticker, GCSG, on the London Stock Exchange ETF segment, and place your order.
Why invest in GCSG from India
What GCSG holds
This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg MSCI Global Corporate ESG Sustainability SRI 1-5 Year Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index
Outside US estate tax
GCSG is domiciled in Luxembourg, 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 GCSG's UCITS structure matters for Indian investors
GCSG is domiciled in Luxembourg, 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 GCSG from India?
Yes. Indian residents can buy Amundi Index Solutions - Amundi Global Corporate Bond 1-5Y ESG - UCITS ETF DR - C (GCSG) 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 GCSG invest in?
Amundi Index Solutions - Amundi Global Corporate Bond 1-5Y ESG - UCITS ETF DR - C holds 3,676 securities. Its largest holdings are CASH (0.5%), SKYDANCE CORP 7.05% Oct31 (0.1%) and BANK OF AMER VAR Dec28 (0.1%). Securitized is its largest sector at 0.2%. The fund is domiciled in Luxembourg.
What is the expense ratio of GCSG?
Amundi Index Solutions - Amundi Global Corporate Bond 1-5Y ESG - UCITS ETF DR - C has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about £479.7M.
Is GCSG a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Amundi Global Corporate Bond 1-5Y ESG - UCITS ETF DR - C is a UCITS fund domiciled in Luxembourg. 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 GCSG?
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.