London Stock Exchange ETF segment · UCITS ETF
Invest in IGLS ETF from India
Indian and foreign residents can buy iShares UK Gilts 0-5yr UCITS ETF (IGLS) units directly through Paasa.
By Paasa · Updated
IGLS at a glance
- Price
- £124.99+£0.21 (0.17%)
- Expense ratio
- 0.07%
- Day range
- £124.76 – £125.14
- Assets
- £2.2B
- Domicile
- Ireland
- Holdings
- 20
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -0.49%
- 6 months
- -0.64%
- YTD
- -2.97%
- 1 year
- -1.60%
- 5 years
- -5.94%
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%
IGLS 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 |
|---|---|---|
| IGL5LSEiShares UK Gilts 0-5yr UCITS ETF | 0.07% | 613.6M |
Assets are shown in each fund's own reporting currency.
How to invest in IGLS 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 IGLS and buy
Find the fund by its ticker, IGLS, on the London Stock Exchange ETF segment, and place your order.
Why invest in IGLS from India
What IGLS holds
This fund aims to replicate the performance of a designated index. The components of this index are exclusively United Kingdom government bonds, all of which are denominated in Pounds Sterling.
Outside US estate tax
IGLS 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 IGLS' UCITS structure matters for Indian investors
IGLS 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 IGLS from India?
Yes. Indian residents can buy iShares UK Gilts 0-5yr UCITS ETF (IGLS) 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 IGLS 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%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of IGLS?
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 £2.2B.
Is IGLS 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.
How are IGLS dividends taxed in India?
iShares UK Gilts 0-5yr 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 IGLS?
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.