London Stock Exchange ETF segment · UCITS ETF
Invest in IGL5 ETF from India
Indian and foreign residents can buy iShares UK Gilts 0-5yr UCITS ETF (IGL5) units directly through Paasa.
By Paasa · Updated
IGL5 at a glance
- Price
- £5.64+£0.00 (0.05%)
- Expense ratio
- 0.07%
- Day range
- £5.64 – £5.65
- Assets
- £614.2M
- Domicile
- Ireland
- Holdings
- 20
- Launched
- 2023
- Dividends
- —
- 1 month
- -0.49%
- 6 months
- +1.29%
- YTD
- +0.75%
- 1 year
- +2.21%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1UK CONV GILT RegS 4.38% 03/07/2028 (UKT)6.6%
- 2UK CONV GILT RegS 4.75% 12/07/2030 (UKT)6.6%
- 3UNITED KINGDOM OF GREAT BRITAIN AN RegS 4.38% 03/07/2030 (UKT)6.3%
- 4UNITED KINGDOM OF GREAT BRITAIN AN RegS 4.00% 05/22/2029 (UKT)5.8%
- 5UK CONV GILT RegS 1.25% 07/22/2027 (UKT)5.7%
- 6UK CONV GILT RegS 0.88% 10/22/2029 (UKT)5.6%
- 7UK CONV GILT RegS 0.13% 01/31/2028 (UKT)5.4%
- 8UNITED KINGDOM OF GREAT BRITAIN AN RegS 4.13% 03/07/2031 (UKT)5.4%
- 9UNITED KINGDOM OF GREAT BRITAIN AN RegS 3.75% 03/07/2027 (UKT)5.3%
- 10UK CONV GILT RegS 4.13% 07/22/2029 (UKT)5.2%
IGL5 holds 20 securities in total. These 10 are 58.0% of the fund.
Where the money is invested
Countries
- United Kingdom99.9%
- Ireland0.0%
- Mexico0.0%
- Other0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IGLSLSEiShares UK Gilts 0-5yr UCITS ETF | 0.07% | 2.2B |
Assets are shown in each fund's own reporting currency.
How to invest in IGL5 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 IGL5 and buy
Find the fund by its ticker, IGL5, on the London Stock Exchange ETF segment, and place your order.
Why invest in IGL5 from India
What IGL5 holds
The primary goal of this fund is to emulate the returns of an index that consists of government bonds issued by the United Kingdom, all denominated in Sterling.
Outside US estate tax
IGL5 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 IGL5's UCITS structure matters for Indian investors
IGL5 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 IGL5 from India?
Yes. Indian residents can buy iShares UK Gilts 0-5yr UCITS ETF (IGL5) 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 IGL5 invest in?
iShares UK Gilts 0-5yr UCITS ETF holds 20 securities. Its largest holdings are UK CONV GILT RegS 4.38% 03/07/2028 (UKT) (6.6%), UK CONV GILT RegS 4.75% 12/07/2030 (UKT) (6.6%) and UNITED KINGDOM OF GREAT BRITAIN AN RegS 4.38% 03/07/2030 (UKT) (6.3%). The fund is domiciled in Ireland.
What is the expense ratio of IGL5?
iShares UK Gilts 0-5yr UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about £614.2M.
Is IGL5 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares UK Gilts 0-5yr 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 IGL5?
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.