London Stock Exchange ETF segment · UCITS ETF
Invest in GLTS ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS) units directly through Paasa.
By Paasa · Updated
GLTS at a glance
- Price
- £47.78+£0.06 (0.13%)
- Expense ratio
- 0.15%
- Day range
- £47.76 – £47.85
- Assets
- £155.1M
- Domicile
- Ireland
- Holdings
- 21
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -0.58%
- 6 months
- -0.79%
- YTD
- -3.22%
- 1 year
- -1.89%
- 5 years
- -6.42%
Price change, excluding dividends.
Top 10 holdings
- 1UNITED KINGDOM GILT 4.375 03/07/20288.6%
- 2UNITED KINGDOM GILT 4.75 12/07/20308.2%
- 3UNITED KINGDOM GILT 4.375 03/07/20308.1%
- 4UNITED KINGDOM GILT 4 05/22/20297.5%
- 5UNITED KINGDOM GILT 0.875 10/22/20297.3%
- 6UNITED KINGDOM GILT 4.125 03/07/20317.0%
- 7UNITED KINGDOM GILT 4.125 07/22/20296.8%
- 8UNITED KINGDOM GILT 0.125 01/31/20286.8%
- 9UNITED KINGDOM GILT 4.5 06/07/20286.5%
- 10UNITED KINGDOM GILT 1.625 10/22/20286.4%
GLTS holds 21 securities in total. These 10 are 73.2% of the fund.
Where the money is invested
Countries
- United Kingdom100.1%
How to invest in GLTS 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 GLTS and buy
Find the fund by its ticker, GLTS, on the London Stock Exchange ETF segment, and place your order.
Why invest in GLTS from India
What GLTS holds
This fund seeks to replicate the returns of the market segment comprising short-term United Kingdom government securities, commonly referred to as Gilts.
Outside US estate tax
GLTS 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 GLTS' UCITS structure matters for Indian investors
GLTS 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 GLTS from India?
Yes. Indian residents can buy State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS) 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 GLTS invest in?
State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF holds 21 securities. Its largest holdings are UNITED KINGDOM GILT 4.375 03/07/2028 (8.6%), UNITED KINGDOM GILT 4.75 12/07/2030 (8.2%) and UNITED KINGDOM GILT 4.375 03/07/2030 (8.1%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of GLTS?
State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about £155.1M.
Is GLTS a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg 1-5 Year Gilt 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 GLTS dividends taxed in India?
State Street SPDR Bloomberg 1-5 Year Gilt 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 GLTS?
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.