London Stock Exchange ETF segment · UCITS ETF
Invest in GILS ETF from India
Indian and foreign residents can buy Amundi Core UK Government Bond UCITS ETF (GILS) units directly through Paasa.
By Paasa · Updated
GILS at a glance
- Price
- £4.96+£0.01 (0.20%)
- Expense ratio
- 0.05%
- Day range
- £4.95 – £4.99
- Assets
- £2.0B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -1.36%
- 6 months
- -0.88%
- YTD
- -1.97%
- 1 year
- -1.84%
- 5 years
- -28.88%
Price change, excluding dividends.
Top 10 holdings
- 1UNITED KINGDO TSY 4.375% 07Mar282.6%
- 2UNITED KINGDO TSY 4.75% 07Dec302.5%
- 3UNITED KINGDO TSY 4.25% 07Jun322.4%
- 4UNITED KINGDO TSY 4.375% 07Mar302.4%
- 5UNITED KINGDO TSY 4% 22May292.3%
- 6UNITED KINGDO TSY 4.75% 22Oct352.2%
- 7UNITED KINGDO TSY 1.25% 22Jul272.2%
- 8UNITED KINGDO TSY 0.875% 22Oct292.2%
- 9UNITED KINGDO TSY 4.5% 07Mar352.1%
- 10UNITED KINGDO TSY 0.125% 31Jan282.1%
These 10 are 23.1% of the fund.
Where the money is invested
Sectors
- Government98.2%
Countries
- United Kingdom100.0%
How to invest in GILS 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 GILS and buy
Find the fund by its ticker, GILS, on the London Stock Exchange ETF segment, and place your order.
Why invest in GILS from India
What GILS holds
This Amundi Core UK Government Bond UCITS ETF aims to closely mirror the investment performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index, regardless of market trends. A primary goal is to minimize the deviation between the Sub-Fund's net asset value and the index's returns.
Outside US estate tax
GILS 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 GILS' UCITS structure matters for Indian investors
GILS 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 GILS from India?
Yes. Indian residents can buy Amundi Core UK Government Bond UCITS ETF (GILS) 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 GILS invest in?
Its largest holdings are UNITED KINGDO TSY 4.375% 07Mar28 (2.6%), UNITED KINGDO TSY 4.75% 07Dec30 (2.5%) and UNITED KINGDO TSY 4.25% 07Jun32 (2.4%). Government is its largest sector at 98.2%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of GILS?
Amundi Core UK Government Bond 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 £2.0B.
Is GILS a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core UK Government Bond 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 GILS dividends taxed in India?
Amundi Core UK Government Bond 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 GILS?
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.