XETRA · UCITS ETF
Invest in IBCS ETF from India
Indian and foreign residents can buy iShares € Corp Bond Large UCITS ETF (IBCS) units directly through Paasa.
By Paasa · Updated
IBCS at a glance
- Price
- €120.38+€0.08 (0.06%)
- Expense ratio
- 0.09%
- Day range
- €120.07 – €120.44
- Assets
- €1.7B
- Domicile
- Ireland
- Holdings
- 4,156
- Launched
- 2003
- Dividends
- Accumulating
- 1 month
- -2.00%
- 6 months
- -2.39%
- YTD
- -3.55%
- 1 year
- -4.18%
- 5 years
- -14.01%
Price change, excluding dividends.
Top 10 holdings
- 1ANHEUSER-BUSCH INBEV NV MTN RegS 2.00% 03/17/2028 (ABIBB)0.1%
- 2ANHEUSER-BUSCH INBEV NV MTN RegS 2.75% 03/17/2036 (ABIBB)0.1%
- 3BP CAPITAL MARKETS PLC NC9 RegS 3.63% 12/31/2079 (BPLN)0.1%
- 4AMAZON.COM INC 3.70% 03/16/2035 (AMZN)0.1%
- 5JPMORGAN CHASE & CO MTN RegS 1.96% 03/23/2030 (JPM)0.1%
- 6AMAZON.COM INC 3.35% 03/16/2032 (AMZN)0.1%
- 7BANCO SANTANDER SA MTN RegS 4.88% 10/18/2031 (SANTAN)0.1%
- 8AMAZON.COM INC 4.05% 03/16/2039 (AMZN)0.1%
- 9MORGAN STANLEY MTN 3.38% 01/23/2032 (MS)0.1%
- 10VERIZON COMMUNICATIONS INC 4.25% 08/15/2056 (VZ)0.1%
IBCS holds 4,156 securities in total. These 10 are 0.8% of the fund.
Where the money is invested
Sectors
- Corporate99.2%
- Government0.6%
- Securitized0.2%
Countries
- France17.0%
- Other16.7%
- United States13.0%
- Netherlands12.8%
- Germany8.0%
- United Kingdom5.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IBCXLSEiShares € Corp Bond Large Cap UCITS ETF | 0.09% | 1.7B |
Assets are shown in each fund's own reporting currency.
How to invest in IBCS 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 IBCS and buy
Find the fund by its ticker, IBCS, on XETRA, and place your order.
Why invest in IBCS from India
What IBCS holds
The primary objective of this fund is to replicate the performance of an underlying index. This index is specifically designed to include a selection of substantial and highly liquid corporate bonds, which are all issued in Euros and carry an investment-grade credit rating.
Outside US estate tax
IBCS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from IBCS' holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 IBCS' UCITS structure matters for Indian investors
IBCS 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 IBCS from India?
Yes. Indian residents can buy iShares € Corp Bond Large UCITS ETF (IBCS) 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 IBCS invest in?
iShares € Corp Bond Large UCITS ETF holds 4,156 securities. Its largest holdings are ANHEUSER-BUSCH INBEV NV MTN RegS 2.00% 03/17/2028 (ABIBB) (0.1%), ANHEUSER-BUSCH INBEV NV MTN RegS 2.75% 03/17/2036 (ABIBB) (0.1%) and BP CAPITAL MARKETS PLC NC9 RegS 3.63% 12/31/2079 (BPLN) (0.1%). Government is its largest sector at 0.6%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IBCS?
iShares € Corp Bond Large 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 IBCS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Corp Bond Large 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.
Does IBCS pay dividends?
No. iShares € Corp Bond Large UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell IBCS?
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 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.