SIX Swiss Exchange · UCITS ETF
Invest in IECH ETF from India
Indian and foreign residents can buy iShares Core € Corp Bond UCITS ETF (IECH) units directly through Paasa.
By Paasa · Updated
IECH at a glance
- Price
- CHF 4.50+CHF 0.01 (0.20%)
- Expense ratio
- 0.11%
- Day range
- CHF 4.49 – CHF 4.50
- Assets
- CHF 195.7M
- Domicile
- Ireland
- Holdings
- 4,221
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -1.47%
- 6 months
- -1.47%
- YTD
- -2.95%
- 1 year
- -3.37%
- 5 years
- -10.83%
Price change, excluding dividends.
Top 10 holdings
- 1BLK LEAF FUND AGENCY ACC T0 EUR0.2%
- 2ANHEUSER-BUSCH INBEV NV MTN RegS 2.00% 03/17/2028 (ABIBB)0.1%
- 3ANHEUSER-BUSCH INBEV NV MTN RegS 2.75% 03/17/2036 (ABIBB)0.1%
- 4JPMORGAN CHASE & CO MTN RegS 1.96% 03/23/2030 (JPM)0.1%
- 5AMAZON.COM INC 3.70% 03/16/2035 (AMZN)0.1%
- 6AMAZON.COM INC 3.35% 03/16/2032 (AMZN)0.1%
- 7BP CAPITAL MARKETS PLC NC9 RegS 3.63% 12/31/2079 (BPLN)0.1%
- 8BANCO SANTANDER SA MTN RegS 4.88% 10/18/2031 (SANTAN)0.1%
- 9AMAZON.COM INC 4.05% 03/16/2039 (AMZN)0.1%
- 10VERIZON COMMUNICATIONS INC 4.00% 06/15/2056 (VZ)0.1%
IECH holds 4,221 securities in total. These 10 are 0.9% of the fund.
Where the money is invested
Countries
- France18.8%
- United States16.3%
- Netherlands13.7%
- Germany8.2%
- United Kingdom8.0%
- Spain5.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEACLSEiShares Core € Corp Bond UCITS ETF | 0.09% | 8.5B |
| LQDALSEiShares USD Corp Bond UCITS ETF Acc | 0.2% | 5.1B |
| LQDELSEiShares $ Corp Bond UCITS ETF | 0.2% | 3.4B |
| IEAALSEiShares Core € Corp Bond UCITS ETF | 0.09% | 3.8B |
| SLXXLSEiShares Core £ Corp Bond UCITS ETF | 0.2% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in IECH 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 IECH and buy
Find the fund by its ticker, IECH, on the SIX Swiss Exchange, and place your order.
Why invest in IECH from India
What IECH holds
The Fund seeks to track the performance of an index composed of Euro denominated investment grade corporate bonds.
Outside US estate tax
IECH 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 IECH's 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 IECH's UCITS structure matters for Indian investors
IECH 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 IECH from India?
Yes. Indian residents can buy iShares Core € Corp Bond UCITS ETF (IECH) 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 IECH invest in?
iShares Core € Corp Bond UCITS ETF holds 4,221 securities. Its largest holdings are BLK LEAF FUND AGENCY ACC T0 EUR (0.2%), ANHEUSER-BUSCH INBEV NV MTN RegS 2.00% 03/17/2028 (ABIBB) (0.1%) and ANHEUSER-BUSCH INBEV NV MTN RegS 2.75% 03/17/2036 (ABIBB) (0.1%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IECH?
iShares Core € Corp Bond UCITS ETF has an expense ratio of 0.11% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 195.7M.
Is IECH a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Core € Corp 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.
Does IECH pay dividends?
No. iShares Core € Corp Bond 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 IECH?
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.