Euronext Amsterdam · UCITS ETF
Invest in IFRD ETF from India
Indian and foreign residents can buy iShares France Govt Bond UCITS ETF (IFRD) units directly through Paasa.
By Paasa · Updated
IFRD at a glance
- Price
- $4.75+$0.01 (0.12%)
- Expense ratio
- 0.22%
- Day range
- $4.75 – $4.75
- Assets
- $553.1K
- Domicile
- Ireland
- Holdings
- 54
- Launched
- 2022
- Dividends
- Distributing
- 1 month
- -3.19%
- 6 months
- -4.36%
- YTD
- -6.25%
- 1 year
- -4.94%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE (REPUBLIC OF) RegS 2.50% 05/25/2030 (FRTR)3.6%
- 2FRANCE (REPUBLIC OF) RegS 0.75% 05/25/2028 (FRTR)3.4%
- 3FRANCE (REPUBLIC OF) RegS 1.50% 05/25/2031 (FRTR)3.3%
- 4FRANCE (REPUBLIC OF) RegS 2.75% 02/25/2029 (FRTR)3.3%
- 5FRANCE (REPUBLIC OF) RegS 2.75% 10/25/2027 (FRTR)3.2%
- 6FRANCE (REPUBLIC OF) RegS 3.50% 11/25/2033 (FRTR)3.2%
- 7FRANCE (REPUBLIC OF) RegS 2.75% 02/25/2030 (FRTR)3.1%
- 8FRANCE (REPUBLIC OF) RegS 0.75% 11/25/2028 (FRTR)3.0%
- 9FRANCE (REPUBLIC OF) 2.70% 02/25/2031 (FRTR)3.0%
- 10FRANCE (REPUBLIC OF) 3.50% 11/25/2035 (FRTR)2.9%
IFRD holds 54 securities in total. These 10 are 31.9% of the fund.
Where the money is invested
Sectors
- Government99.9%
- Corporate0.0%
Countries
- France99.7%
- Ireland0.3%
- Other0.0%
- United States0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FRGPLSEiShares France Govt Bond UCITS ETF | 0.22% | 883.3K |
Assets are shown in each fund's own reporting currency.
How to invest in IFRD 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.
Step 3
Search IFRD and buy
Find the fund by its ticker, IFRD, on Euronext Amsterdam, and place your order.
Why invest in IFRD from India
What IFRD holds
The primary objective of this Fund is to accurately reflect the performance of a particular financial index. This index consists exclusively of sovereign debt instruments issued by the French government.
Outside US estate tax
IFRD is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
IFRD is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 IFRD's UCITS structure matters for Indian investors
IFRD 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 IFRD from India?
Yes. Indian residents can buy iShares France Govt Bond UCITS ETF (IFRD) through Paasa. It is listed on Euronext Amsterdam and trades in US dollars. 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 IFRD invest in?
iShares France Govt Bond UCITS ETF holds 54 securities. Its largest holdings are FRANCE (REPUBLIC OF) RegS 2.50% 05/25/2030 (FRTR) (3.6%), FRANCE (REPUBLIC OF) RegS 0.75% 05/25/2028 (FRTR) (3.4%) and FRANCE (REPUBLIC OF) RegS 1.50% 05/25/2031 (FRTR) (3.3%). Corporate is its largest sector at 0.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IFRD?
iShares France Govt Bond UCITS ETF has an expense ratio of 0.22% a year, taken from the fund's assets rather than billed to you. The fund manages about $553.1K.
Is IFRD a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares France 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.
How are IFRD dividends taxed in India?
iShares France Govt Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell IFRD?
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 USD/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.