SIX Swiss Exchange · UCITS ETF
Invest in IEGC ETF from India
Indian and foreign residents can buy iShares Core € Govt Bond UCITS ETF (IEGC) units directly through Paasa.
By Paasa · Updated
IEGC at a glance
- Price
- CHF 3.95-CHF 0.01 (0.16%)
- Expense ratio
- 0.09%
- Day range
- CHF 3.95 – CHF 3.95
- Assets
- CHF 114.6M
- Domicile
- Ireland
- Holdings
- 553
- Launched
- 2020
- Dividends
- —
- 1 month
- -2.72%
- 6 months
- -3.20%
- YTD
- -4.60%
- 1 year
- -4.83%
- 5 years
- -22.10%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE (REPUBLIC OF) RegS 2.50% 05/25/2030 (FRTR)0.9%
- 2FRANCE (REPUBLIC OF) RegS 1.50% 05/25/2031 (FRTR)0.8%
- 3FRANCE (REPUBLIC OF) RegS 2.75% 02/25/2030 (FRTR)0.8%
- 4FRANCE (REPUBLIC OF) RegS 2.75% 02/25/2029 (FRTR)0.8%
- 5FRANCE (REPUBLIC OF) RegS 0.75% 11/25/2028 (FRTR)0.8%
- 6FRANCE (REPUBLIC OF) RegS 0.75% 05/25/2028 (FRTR)0.8%
- 7FRANCE (REPUBLIC OF) RegS 3.50% 11/25/2033 (FRTR)0.8%
- 8FRANCE (REPUBLIC OF) 2.70% 02/25/2031 (FRTR)0.7%
- 9FRANCE (REPUBLIC OF) 3.50% 11/25/2035 (FRTR)0.7%
- 10FRANCE (REPUBLIC OF) RegS 0.50% 05/25/2029 (FRTR)0.7%
IEGC holds 553 securities in total. These 10 are 7.7% of the fund.
Where the money is invested
Countries
- France24.2%
- Italy21.4%
- Germany19.2%
- Spain14.0%
- Belgium4.9%
- Netherlands4.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SEGALSEiShares Core € Govt Bond UCITS ETF | 0.07% | 4.5B |
Assets are shown in each fund's own reporting currency.
How to invest in IEGC 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 IEGC and buy
Find the fund by its ticker, IEGC, on the SIX Swiss Exchange, and place your order.
Why invest in IEGC from India
What IEGC holds
This Fund is designed to follow a benchmark that features investment-grade sovereign debt securities from the Eurozone.
Outside US estate tax
IEGC 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 IEGC's UCITS structure matters for Indian investors
IEGC 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 IEGC from India?
Yes. Indian residents can buy iShares Core € Govt Bond UCITS ETF (IEGC) 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 IEGC invest in?
iShares Core € Govt Bond UCITS ETF holds 553 securities. Its largest holdings are FRANCE (REPUBLIC OF) RegS 2.50% 05/25/2030 (FRTR) (0.9%), FRANCE (REPUBLIC OF) RegS 1.50% 05/25/2031 (FRTR) (0.8%) and FRANCE (REPUBLIC OF) RegS 2.75% 02/25/2030 (FRTR) (0.8%). The fund is domiciled in Ireland.
What is the expense ratio of IEGC?
iShares Core € Govt 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 CHF 114.6M.
Is IEGC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Core € Govt 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 IEGC?
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.