London Stock Exchange ETF segment · UCITS ETF
Invest in GENE ETF from India
Indian and foreign residents can buy UBS Global Gender Equality UCITS ETF (GENE) units directly through Paasa.
By Paasa · Updated
GENE at a glance
- Price
- £19.29-£0.23 (1.18%)
- Expense ratio
- 0.2%
- Day range
- £19.29 – £19.45
- Assets
- £148.4M
- Domicile
- Ireland
- Holdings
- 104
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -3.33%
- 6 months
- +2.93%
- YTD
- +5.21%
- 1 year
- +9.92%
- 5 years
- +52.24%
Price change, excluding dividends.
Top 10 holdings
- 1ILLUMINA INC2.4%
- 2KEYSIGHT TECHNOLOGIES IN1.9%
- 3MERCK & CO. INC.1.7%
- 4BIOGEN INC1.5%
- 5STANDARD CHARTERED PLC1.5%
- 6JOHNSON & JOHNSON1.4%
- 7SSE PLC1.4%
- 8GENERAL MOTORS CO1.4%
- 9PRINCIPAL FINANCIAL GROUP1.3%
- 10VODAFONE GROUP PLC1.3%
GENE holds 104 securities in total. These 10 are 15.9% of the fund.
Where the money is invested
Sectors
- Financial Services26.9%
- Healthcare14.1%
- Consumer Cyclical10.8%
- Consumer Defensive10.1%
- Utilities8.5%
- Communication Services7.6%
Countries
- United States47.9%
- United Kingdom12.2%
- Australia8.7%
- France8.4%
- Norway4.4%
- Spain4.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ELLELSEAmundi Global Gender Equality UCITS ETF Acc | 0.2% | 44.8M |
Assets are shown in each fund's own reporting currency.
How to invest in GENE 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 GENE and buy
Find the fund by its ticker, GENE, on the London Stock Exchange ETF segment, and place your order.
Why invest in GENE from India
What GENE holds
This fund primarily invests in the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index. The companies held within the fund are weighted proportionally to their presence in this benchmark index.
Outside US estate tax
GENE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from GENE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 GENE's UCITS structure matters for Indian investors
GENE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy GENE from India?
Yes. Indian residents can buy UBS Global Gender Equality UCITS ETF (GENE) 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 GENE invest in?
UBS Global Gender Equality UCITS ETF holds 104 securities. Its largest holdings are ILLUMINA INC (2.4%), KEYSIGHT TECHNOLOGIES IN (1.9%) and MERCK & CO. INC. (1.7%). Financial Services is its largest sector at 26.9%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of GENE?
UBS Global Gender Equality UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £148.4M.
Is GENE a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Global Gender Equality 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Does GENE pay dividends?
No. UBS Global Gender Equality UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell GENE?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are 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.