London Stock Exchange ETF segment · UCITS ETF
Invest in IGCB ETF from India
Indian and foreign residents can buy Invesco Corporate Bond UCITS ETF (IGCB) units directly through Paasa.
By Paasa · Updated
IGCB at a glance
- Price
- £23.31-£0.06 (0.25%)
- Expense ratio
- 0.1%
- Day range
- £23.24 – £23.37
- Assets
- £353.0M
- Domicile
- Ireland
- Holdings
- 585
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- +0.85%
- 6 months
- -1.25%
- YTD
- -4.40%
- 1 year
- -4.66%
- 5 years
- -23.02%
Price change, excluding dividends.
Top 10 holdings
- 1Enel Finance International NV 5.75% 14/09/400.5%
- 2Amazon.com Inc 5.2% 14/09/290.4%
- 3Morgan Stanley VAR 18/11/330.4%
- 4Alphabet Inc 4.625% 13/11/320.4%
- 5Bank of America Corp 7% 31/07/280.4%
- 6Alphabet Inc 5.5% 13/11/410.4%
- 7Alphabet Inc 5.875% 13/02/580.4%
- 8HSBC HOLDINGS PLC VAR 14/09/310.4%
- 9AT&T Inc 7% 30/04/400.4%
- 10Barclays PLC VAR 14/11/320.4%
IGCB holds 585 securities in total. These 10 are 4.2% of the fund.
Where the money is invested
Sectors
- Corporate95.7%
- Securitized4.3%
Countries
- United Kingdom43.7%
- United States21.4%
- France8.8%
- Other7.2%
- Netherlands6.5%
- Spain1.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VDPALSEVanguard USD Corporate Bond UCITS ETF (USD) Accumulating | 0.07% | 5.0B |
| FCORAMEXFidelity Corporate Bond ETF | 0.36% | 360.4M |
| GIGLAMEXGoldman Sachs Corporate Bond ETF | 0.3% | 257.3M |
| VECALSEVanguard EUR Corporate Bond UCITS ETF (EUR) Accumulating | 0.07% | 5.1B |
| VECPLSEVanguard EUR Corporate Bond UCITS ETF (EUR) Distributing | 0.07% | 5.1B |
Assets are shown in each fund's own reporting currency.
How to invest in IGCB 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 IGCB and buy
Find the fund by its ticker, IGCB, on the London Stock Exchange ETF segment, and place your order.
Why invest in IGCB from India
What IGCB holds
This Exchange Traded Fund (ETF) aims to deliver the overall returns of the Bloomberg Sterling Liquid Corporate Bond Index, net of fees. It pays out income distributions every quarter.
Outside US estate tax
IGCB 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 IGCB's UCITS structure matters for Indian investors
IGCB 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 IGCB from India?
Yes. Indian residents can buy Invesco Corporate Bond UCITS ETF (IGCB) 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 IGCB invest in?
Invesco Corporate Bond UCITS ETF holds 585 securities. Its largest holdings are Enel Finance International NV 5.75% 14/09/40 (0.5%), Amazon.com Inc 5.2% 14/09/29 (0.4%) and Morgan Stanley VAR 18/11/33 (0.4%). Corporate is its largest sector at 95.7%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IGCB?
Invesco Corporate Bond 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 £353.0M.
Is IGCB a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Corporate 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 IGCB dividends taxed in India?
Invesco Corporate 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 IGCB?
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.