SIX Swiss Exchange · UCITS ETF
Invest in IBTC ETF from India
Indian and foreign residents can buy iShares $ Treasury Bond 1-3yr UCITS ETF (IBTC) units directly through Paasa.
By Paasa · Updated
IBTC at a glance
- Price
- CHF 4.54-CHF 0.00 (0.10%)
- Expense ratio
- 0.1%
- Day range
- CHF 4.54 – CHF 4.55
- Assets
- CHF 144.1M
- Domicile
- Ireland
- Holdings
- 91
- Launched
- 2019
- Dividends
- —
- 1 month
- -1.00%
- 6 months
- -1.65%
- YTD
- -2.49%
- 1 year
- -2.49%
- 5 years
- -9.12%
Price change, excluding dividends.
Top 10 holdings
- 1TREASURY NOTE 3.50% 01/31/2028 (TNOTE)2.2%
- 2TREASURY NOTE 3.50% 09/30/2027 (TNOTE)1.4%
- 3TREASURY NOTE 3.63% 08/31/2029 (TNOTE)1.4%
- 4TREASURY NOTE 4.63% 04/30/2029 (TNOTE)1.4%
- 5TREASURY NOTE 4.25% 06/30/2029 (TNOTE)1.4%
- 6TREASURY NOTE 4.50% 05/31/2029 (TNOTE)1.4%
- 7TREASURY NOTE 4.00% 07/31/2029 (TNOTE)1.4%
- 8TREASURY NOTE 3.50% 10/31/2027 (TNOTE)1.4%
- 9TREASURY NOTE 4.00% 05/31/2028 (TNOTE)1.4%
- 10TREASURY NOTE 3.88% 03/31/2028 (TNOTE)1.4%
IBTC holds 91 securities in total. These 10 are 14.8% of the fund.
Where the money is invested
Countries
- United States99.5%
- Ireland0.4%
- United Kingdom0.0%
- Switzerland0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IBTALSEiShares $ Treasury Bond 1-3yr UCITS ETF | 0.07% | 7.5B |
| IDBTLSEiShares $ Treasury Bond 1-3yr UCITS ETF | 0.07% | 2.5B |
| IBTELSEiShares $ Treasury Bond 1-3yr UCITS ETF | 0.1% | 1.2B |
| IBTGLSEiShares $ Treasury Bond 1-3yr UCITS ETF | 0.1% | 218.9M |
Assets are shown in each fund's own reporting currency.
How to invest in IBTC 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 CHF when you buy.
Step 3
Search IBTC and buy
Find the fund by its ticker, IBTC, on the SIX Swiss Exchange, and place your order.
Why invest in IBTC from India
What IBTC holds
This investment vehicle is designed to mirror the financial performance of an underlying index. This benchmark consists solely of government bonds, issued by the United States Treasury, which are denominated in US Dollars.
Outside US estate tax
IBTC 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 IBTC's UCITS structure matters for Indian investors
IBTC 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 IBTC from India?
Yes. Indian residents can buy iShares $ Treasury Bond 1-3yr UCITS ETF (IBTC) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. 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 IBTC invest in?
iShares $ Treasury Bond 1-3yr UCITS ETF holds 91 securities. Its largest holdings are TREASURY NOTE 3.50% 01/31/2028 (TNOTE) (2.2%), TREASURY NOTE 3.50% 09/30/2027 (TNOTE) (1.4%) and TREASURY NOTE 3.63% 08/31/2029 (TNOTE) (1.4%). The fund is domiciled in Ireland.
What is the expense ratio of IBTC?
iShares $ Treasury Bond 1-3yr UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 144.1M.
Is IBTC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Treasury Bond 1-3yr 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 IBTC?
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 CHF/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.