London Stock Exchange ETF segment · UCITS ETF
Invest in IGBE ETF from India
Indian and foreign residents can buy Invesco Corporate Bond Screened & Tilted UCITS ETF (IGBE) units directly through Paasa.
By Paasa · Updated
IGBE at a glance
- Price
- £31.76+£0.11 (0.35%)
- Expense ratio
- 0.1%
- Day range
- £31.74 – £31.86
- Assets
- £178.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -2.51%
- 6 months
- -1.46%
- YTD
- -4.65%
- 1 year
- -3.31%
- 5 years
- -20.12%
Price change, excluding dividends.
Top 10 holdings
- 1Morgan Stanley VAR 18/11/330.6%
- 2Cash and/or Derivatives0.6%
- 3BARCLAYS PLC VAR 06/11/290.5%
- 4E.ON International Finance BV 6.375% 07/06/320.5%
- 5Lloyds Banking Group PLC VAR 03/12/350.5%
- 6HSBC Holdings PLC VAR 16/11/340.5%
- 7Cooperatieve Rabobank UA 4.625% 23/05/290.5%
- 8Heathrow Funding Ltd 6.45% 10/12/310.5%
- 9MORGAN STANLEY VAR 10/09/320.5%
- 10Barclays PLC VAR 14/11/320.5%
These 10 are 5.3% of the fund.
Where the money is invested
Countries
- United Kingdom46.6%
- United States17.0%
- France9.8%
- Netherlands7.1%
- Other6.6%
- Spain2.4%
How to invest in IGBE 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 GBP when you buy.
Step 3
Search IGBE and buy
Find the fund by its ticker, IGBE, on the London Stock Exchange ETF segment, and place your order.
Why invest in IGBE from India
What IGBE holds
The Invesco GBP Corporate Bond Screened & Tilted UCITS ETF (IGBE.L) aims to deliver the total investment return of its benchmark, the Bloomberg MSCI Sterling Liquid Corporate Screened & Tilted Index, net of its own expenses. This fund makes income distributions to investors quarterly.
Outside US estate tax
IGBE 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 IGBE's UCITS structure matters for Indian investors
IGBE 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 IGBE from India?
Yes. Indian residents can buy Invesco Corporate Bond Screened & Tilted UCITS ETF (IGBE) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 IGBE invest in?
Its largest holdings are Morgan Stanley VAR 18/11/33 (0.6%), Cash and/or Derivatives (0.6%) and BARCLAYS PLC VAR 06/11/29 (0.5%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of IGBE?
Invesco Corporate Bond Screened & Tilted 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 £178.6M.
Is IGBE a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Corporate Bond Screened & Tilted 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 IGBE dividends taxed in India?
Invesco Corporate Bond Screened & Tilted 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 IGBE?
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 GBP/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.