London Stock Exchange ETF segment · UCITS ETF
Invest in IBCI ETF from India
Indian and foreign residents can buy iShares PLC - iShares Euro Inflation Linked Government Bond UCITS ETF (IBCI) units directly through Paasa.
By Paasa · Updated
IBCI at a glance
- Price
- £196.02-£0.49 (0.25%)
- Expense ratio
- 0.09%
- Day range
- £195.88 – £196.87
- Assets
- £1.7B
- Domicile
- Ireland
- Holdings
- 38
- Launched
- 2005
- Dividends
- —
- 1 month
- -2.85%
- 6 months
- -3.27%
- YTD
- -2.58%
- 1 year
- -2.23%
- 5 years
- -2.85%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE (REPUBLIC OF) 0.10% 03/01/2029 (FRTR)4.9%
- 2GERMANY (FEDERAL REPUBLIC OF) RegS 0.50% 04/15/2030 (DBRI)4.7%
- 3FRANCE (REPUBLIC OF) 3.15% 07/25/2032 (FRTR)4.6%
- 4SPAIN (KINGDOM OF) 0.70% 11/30/2033 (SPGBEI)4.4%
- 5SPAIN (KINGDOM OF) 1.00% 11/30/2030 (SPGBEI)4.4%
- 6FRANCE (REPUBLIC OF) 1.80% 07/25/2040 (FRTR)4.0%
- 7SPAIN (KINGDOM OF) 0.65% 11/30/2027 (SPGBEI)3.8%
- 8ITALY (REPUBLIC OF) 2.55% 09/15/2041 (BTPS)3.8%
- 9FRANCE (REPUBLIC OF) 0.70% 07/25/2030 (FRTR)3.7%
- 10ITALY (REPUBLIC OF) 0.10% 05/15/2033 (BTPS)3.5%
IBCI holds 38 securities in total. These 10 are 41.9% of the fund.
Where the money is invested
Sectors
- Government99.8%
- Corporate0.0%
Countries
- France40.9%
- Italy33.9%
- Spain16.0%
- Germany9.1%
- Ireland0.1%
- United Kingdom0.0%
How to invest in IBCI 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 IBCI and buy
Find the fund by its ticker, IBCI, on the London Stock Exchange ETF segment, and place your order.
Why invest in IBCI from India
What IBCI holds
The Fund seeks to track the performance of an index composed of Eurozone inflation-linked government bonds.
Outside US estate tax
IBCI 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 IBCI's UCITS structure matters for Indian investors
IBCI 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 IBCI from India?
Yes. Indian residents can buy iShares PLC - iShares Euro Inflation Linked Government Bond UCITS ETF (IBCI) 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 IBCI invest in?
iShares PLC - iShares Euro Inflation Linked Government Bond UCITS ETF holds 38 securities. Its largest holdings are FRANCE (REPUBLIC OF) 0.10% 03/01/2029 (FRTR) (4.9%), GERMANY (FEDERAL REPUBLIC OF) RegS 0.50% 04/15/2030 (DBRI) (4.7%) and FRANCE (REPUBLIC OF) 3.15% 07/25/2032 (FRTR) (4.6%). Corporate is its largest sector at 0.0%. The fund is domiciled in Ireland.
What is the expense ratio of IBCI?
iShares PLC - iShares Euro Inflation Linked Government Bond UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.7B.
Is IBCI a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares PLC - iShares Euro Inflation Linked Government 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.
What tax do I pay in India when I sell IBCI?
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.