Euronext Amsterdam · UCITS ETF
Invest in GOVT ETF from India
Indian and foreign residents can buy iShares $ Treasury Bond UCITS ETF (GOVT) units directly through Paasa.
By Paasa · Updated
GOVT at a glance
- Price
- $4.06-$0.01 (0.16%)
- Expense ratio
- 0.07%
- Day range
- $4.06 – $4.07
- Assets
- $629.9M
- Domicile
- Ireland
- Holdings
- 295
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -4.39%
- 6 months
- -3.96%
- YTD
- -5.96%
- 1 year
- -5.30%
- 5 years
- -19.71%
Price change, excluding dividends.
Top 10 holdings
- 1BLK ICS USD LEAF AGENCY DIST2.1%
- 2TREASURY NOTE 4.25% 11/15/2034 (TNOTE)0.8%
- 3TREASURY NOTE 4.63% 02/15/2035 (TNOTE)0.8%
- 4TREASURY NOTE (OLD) 4.38% 05/15/2036 (TNOTE)0.8%
- 5TREASURY NOTE 4.38% 05/15/2034 (TNOTE)0.8%
- 6TREASURY NOTE 4.25% 05/15/2035 (TNOTE)0.8%
- 7TREASURY NOTE 4.00% 02/15/2034 (TNOTE)0.8%
- 8TREASURY NOTE 4.50% 11/15/2033 (TNOTE)0.8%
- 9TREASURY NOTE 4.25% 08/15/2035 (TNOTE)0.8%
- 10TREASURY NOTE 3.88% 08/15/2034 (TNOTE)0.8%
GOVT holds 295 securities in total. These 10 are 9.5% of the fund.
Where the money is invested
Countries
- United States100.0%
- Ireland2.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VDTALSEVanguard USD Treasury Bond UCITS ETF (USD) Accumulating | 0.05% | 3.0B |
| VDTEXETRAVanguard USD Treasury Bond UCITS ETF EUR Hedged Accumulating | 0.08% | 2.6B |
| VDTYLSEVanguard USD Treasury Bond UCITS ETF (USD) Distributing | 0.05% | 3.0B |
| VDTSLSEVanguard USD Treasury Bond UCITS ETF GBP Hedged Distributing | 0.08% | 2.2B |
Assets are shown in each fund's own reporting currency.
How to invest in GOVT 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.
Step 3
Search GOVT and buy
Find the fund by its ticker, GOVT, on Euronext Amsterdam, and place your order.
Why invest in GOVT from India
What GOVT holds
The primary aim of this Fund is to provide investors with a comprehensive return, which includes both fluctuations in asset value and income generated. It seeks to replicate the performance of the ICE U.S. Treasury Core Bond Index.
Outside US estate tax
GOVT is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
GOVT is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 GOVT's UCITS structure matters for Indian investors
GOVT 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 GOVT from India?
Yes. Indian residents can buy iShares $ Treasury Bond UCITS ETF (GOVT) through Paasa. It is listed on Euronext Amsterdam and trades in US dollars. 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 GOVT invest in?
iShares $ Treasury Bond UCITS ETF holds 295 securities. Its largest holdings are BLK ICS USD LEAF AGENCY DIST (2.1%), TREASURY NOTE 4.25% 11/15/2034 (TNOTE) (0.8%) and TREASURY NOTE 4.63% 02/15/2035 (TNOTE) (0.8%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of GOVT?
iShares $ Treasury Bond UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about $629.9M.
Is GOVT a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Treasury Bond 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 GOVT dividends taxed in India?
iShares $ Treasury 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 GOVT?
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 USD/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.