London Stock Exchange ETF segment · UCITS ETF
Invest in GOVG ETF from India
Indian and foreign residents can buy Amundi Core Global Government Bond UCITS ETF (GOVG) units directly through Paasa.
By Paasa · Updated
GOVG at a glance
- Price
- £42.76+£0.05 (0.12%)
- Expense ratio
- 0.15%
- Day range
- £42.76 – £42.82
- Assets
- £3.8B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -1.93%
- 6 months
- -2.07%
- YTD
- -2.25%
- 1 year
- -4.30%
- 5 years
- -14.15%
Price change, excluding dividends.
Top 10 holdings
- 1THE UNITED ST TSY 4.25% 15Nov340.4%
- 2THE UNITED ST TSY 4.625% 15Feb350.4%
- 3THE UNITED ST TSY 4.375% 15May340.4%
- 4THE UNITED ST TSY 4.25% 15May350.4%
- 5THE UNITED ST TSY 4.375% 15May360.4%
- 6THE UNITED ST TSY 1.625% 15May310.4%
- 7THE UNITED ST TSY 4.125% 15Feb360.4%
- 8THE UNITED ST TSY 4% 15Nov350.4%
- 9THE UNITED ST TSY 4.25% 15Aug350.4%
- 10THE UNITED ST TSY 3.875% 15Aug340.4%
These 10 are 3.7% of the fund.
Where the money is invested
Sectors
- Financial Services19.1%
- Technology18.1%
- Consumer Cyclical12.2%
- Industrials9.9%
- Basic Materials8.9%
- Consumer Defensive8.2%
Countries
- United States51.6%
- Japan14.4%
- France6.5%
- United Kingdom6.3%
- Italy5.7%
- Germany5.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| PRAGXETRAAmundi Prime Global Government Bond UCITS ETF Acc | 0.05% | 179.0M |
| 10AKXETRAAmundi Core Global Government Bond UCITS ETF Dist | 0.2% | 4.3B |
| GOUDLSEAmundi Global Government Bond UCITS ETF Dist | 0.09% | 121.1M |
Assets are shown in each fund's own reporting currency.
How to invest in GOVG 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 GOVG and buy
Find the fund by its ticker, GOVG, on the London Stock Exchange ETF segment, and place your order.
Why invest in GOVG from India
What GOVG holds
This Amundi ETF endeavors to precisely replicate the performance of the J.P. Morgan GBI Global Investment Grade (IG) Index, hedged to GBP, whether markets are rising or falling.
Outside US estate tax
GOVG 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 GOVG's UCITS structure matters for Indian investors
GOVG 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 GOVG from India?
Yes. Indian residents can buy Amundi Core Global Government Bond UCITS ETF (GOVG) 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 GOVG invest in?
Its largest holdings are THE UNITED ST TSY 4.25% 15Nov34 (0.4%), THE UNITED ST TSY 4.625% 15Feb35 (0.4%) and THE UNITED ST TSY 4.375% 15May34 (0.4%). Financial Services is its largest sector at 19.1%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of GOVG?
Amundi Core Global Government Bond 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 £3.8B.
Is GOVG a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core Global 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 GOVG dividends taxed in India?
Amundi Core Global 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 GOVG?
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.