XETRA · UCITS ETF
Invest in IBC3 ETF from India
Indian and foreign residents can buy iShares Core MSCI EM IMI UCITS ETF (IBC3) units directly through Paasa.
By Paasa · Updated
IBC3 at a glance
- Price
- €6.44+€0.04 (0.57%)
- Expense ratio
- 0.18%
- Day range
- €6.41 – €6.47
- Assets
- €1.6B
- Domicile
- Ireland
- Holdings
- 2,958
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- +0.10%
- 6 months
- +18.75%
- YTD
- +24.01%
- 1 year
- +27.70%
- 5 years
- +39.61%
Price change, excluding dividends.
Top 10 holdings
- 1TAIWAN SEMICONDUCTOR MANUFACTURING13.6%
- 2SAMSUNG ELECTRONICS LTD6.6%
- 3SK HYNIX5.1%
- 4TENCENT HOLDINGS2.4%
- 5MEDIATEK1.7%
- 6ALIBABA GROUP HOLDING1.6%
- 7SAMSUNG ELECTRONICS NON VOTING PRE0.9%
- 8DELTA ELECTRONICS0.8%
- 9CHINA CONSTRUCTION BANK CORP H0.7%
- 10HON HAI PRECISION INDUSTRY0.7%
IBC3 holds 2,958 securities in total. These 10 are 34.2% of the fund.
Where the money is invested
Sectors
- Technology42.2%
- Financial Services18.0%
- Consumer Cyclical7.8%
- Industrials7.4%
- Basic Materials6.2%
- Communication Services5.5%
Countries
- Taiwan (Province of China)28.6%
- Korea (the Republic of)20.5%
- China16.2%
- India11.9%
- Brazil3.4%
- South Africa2.6%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EMIMLSEiShares Core MSCI EM IMI UCITS ETF | 0.18% | 34.0B |
| EIMILSEiShares Core MSCI EM IMI UCITS ETF | 0.18% | 45.0B |
| IS3NXETRAiShares Core MSCI EM IMI UCITS ETF | 0.18% | 39.6B |
| EIMULSEiShares Core MSCI EM IMI UCITS ETF | 0.18% | 1.8B |
| EMGULSEiShares Core MSCI EM IMI UCITS ETF | 0.18% | 1.4B |
Assets are shown in each fund's own reporting currency.
How to invest in IBC3 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 EUR when you buy.
Step 3
Search IBC3 and buy
Find the fund by its ticker, IBC3, on XETRA, and place your order.
Why invest in IBC3 from India
What IBC3 holds
Designed to mirror the performance of a market gauge, this fund invests in large, medium, and smaller-sized companies based in developing nations.
Outside US estate tax
IBC3 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 IBC3's UCITS structure matters for Indian investors
IBC3 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy IBC3 from India?
Yes. Indian residents can buy iShares Core MSCI EM IMI UCITS ETF (IBC3) through Paasa. It is listed on XETRA and trades in EUR. 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 IBC3 invest in?
iShares Core MSCI EM IMI UCITS ETF holds 2,958 securities. Its largest holdings are TAIWAN SEMICONDUCTOR MANUFACTURING (13.6%), SAMSUNG ELECTRONICS LTD (6.6%) and SK HYNIX (5.1%). Technology is its largest sector at 42.2%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IBC3?
iShares Core MSCI EM IMI UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.6B.
Is IBC3 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Core MSCI EM IMI 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
How are IBC3 dividends taxed in India?
iShares Core MSCI EM IMI 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 IBC3?
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 EUR/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.