London Stock Exchange ETF segment · UCITS ETF
Invest in GOLB ETF from India
Indian and foreign residents can buy Market Access NYSE Arca Gold Bugs Index UCITS ETF (GOLB) units directly through Paasa.
By Paasa · Updated
GOLB at a glance
- Price
- £233.83-£10.95 (4.47%)
- Expense ratio
- 0.65%
- Day range
- £233.83 – £233.83
- Assets
- £101.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2007
- Dividends
- —
- 1 month
- -4.77%
- 6 months
- -8.29%
- YTD
- +6.55%
- 1 year
- +22.94%
- 5 years
- +242.17%
Price change, excluding dividends.
Top 10 holdings
- 1EXXONMOBIL HOLDINGS CORP8.5%
- 2MORGAN STANLEY7.5%
- 3TESLA INC7.4%
- 4GE HEALTHCARE TECHNOLOGY6.5%
- 5PALANTIR TECHNOLOGIES INC-A5.0%
- 6DEVON ENERGY CORP4.5%
- 7BERKSHIRE HATHAWAY INC-CL B4.5%
- 8BOEING CO/THE4.4%
- 9OCCIDENTAL PETROLEUM CORP4.4%
- 10AFLAC INC4.4%
These 10 are 57.0% of the fund.
Where the money is invested
Sectors
- Industrials28.1%
- Healthcare20.3%
- Financial Services16.2%
- Real Estate13.8%
- Technology9.1%
- Communication Services5.9%
Countries
- United States95.6%
- Other4.4%
How to invest in GOLB 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 GOLB and buy
Find the fund by its ticker, GOLB, on the London Stock Exchange ETF segment, and place your order.
Why invest in GOLB from India
What GOLB holds
The Funds objective is to replicate, as closely as possible, the performance of the NYSE Arca Gold BUGS Index (the Index). The Fund is passively managed.
Outside US estate tax
GOLB 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 GOLB's UCITS structure matters for Indian investors
GOLB 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 GOLB from India?
Yes. Indian residents can buy Market Access NYSE Arca Gold Bugs Index UCITS ETF (GOLB) 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 GOLB invest in?
Its largest holdings are EXXONMOBIL HOLDINGS CORP (8.5%), MORGAN STANLEY (7.5%) and TESLA INC (7.4%). Industrials is its largest sector at 28.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of GOLB?
Market Access NYSE Arca Gold Bugs Index UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about £101.7M.
Is GOLB a UCITS ETF, and why does that matter for Indian investors?
Yes. Market Access NYSE Arca Gold Bugs Index 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.
What tax do I pay in India when I sell GOLB?
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.