London Stock Exchange ETF segment · UCITS ETF
Invest in GIL5 ETF from India
Indian and foreign residents can buy Amundi UK Government Bond 0-5Y UCITS ETF (GIL5) units directly through Paasa.
By Paasa · Updated
GIL5 at a glance
- Price
- £17.62+£0.01 (0.04%)
- Expense ratio
- 0.05%
- Day range
- £17.62 – £17.65
- Assets
- £680.3M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -0.40%
- 6 months
- +1.26%
- YTD
- +0.86%
- 1 year
- -0.17%
- 5 years
- -0.40%
Price change, excluding dividends.
Top 10 holdings
- 1UNITED KINGDO TSY 4.375% 07Mar286.6%
- 2UNITED KINGDO TSY 4.75% 07Dec306.5%
- 3UNITED KINGDO TSY 4.375% 07Mar306.3%
- 4UNITED KINGDO TSY 4% 22May295.9%
- 5UNITED KINGDO TSY 1.25% 22Jul275.8%
- 6UNITED KINGDO TSY 0.875% 22Oct295.6%
- 7UNITED KINGDO TSY 0.125% 31Jan285.4%
- 8UNITED KINGDO TSY 4.125% 07Mar315.3%
- 9UNITED KINGDO TSY 4.125% 22Jul295.3%
- 10UNITED KINGDO TSY 3.75% 07Mar275.3%
These 10 are 58.0% of the fund.
Where the money is invested
Countries
- United Kingdom100.0%
How to invest in GIL5 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 GIL5 and buy
Find the fund by its ticker, GIL5, on the London Stock Exchange ETF segment, and place your order.
Why invest in GIL5 from India
What GIL5 holds
The investment objective of MULTI UNITS LUXEMBOURG - Amundi UK Government Bond 0-5Y is to reflect the performance of the FTSE Actuaries UK Conventional Gilts Up To 5 Years index denominated in GBP and representative of UK government bonds with remaining maturities up to 5 years
Outside US estate tax
GIL5 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 GIL5's UCITS structure matters for Indian investors
GIL5 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 GIL5 from India?
Yes. Indian residents can buy Amundi UK Government Bond 0-5Y UCITS ETF (GIL5) 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 GIL5 invest in?
Its largest holdings are UNITED KINGDO TSY 4.375% 07Mar28 (6.6%), UNITED KINGDO TSY 4.75% 07Dec30 (6.5%) and UNITED KINGDO TSY 4.375% 07Mar30 (6.3%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of GIL5?
Amundi UK Government Bond 0-5Y UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about £680.3M.
Is GIL5 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi UK Government Bond 0-5Y UCITS ETF 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.
How are GIL5 dividends taxed in India?
Amundi UK Government Bond 0-5Y 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 GIL5?
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.