London Stock Exchange ETF segment · UCITS ETF
Invest in IJPH ETF from India
Indian and foreign residents can buy iShares MSCI Japan UCITS ETF (IJPH) units directly through Paasa.
By Paasa · Updated
IJPH at a glance
- Price
- £178.77+£3.84 (2.20%)
- Expense ratio
- 0.64%
- Day range
- £177.41 – £179.52
- Assets
- £190.1M
- Domicile
- Ireland
- Holdings
- 167
- Launched
- 2012
- Dividends
- Accumulating
- 1 month
- -4.82%
- 6 months
- +2.87%
- YTD
- +18.71%
- 1 year
- +21.97%
- 5 years
- +138.77%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP4.5%
- 2TOYOTA MOTOR4.1%
- 3SONY GROUP3.2%
- 4RECRUIT HOLDINGS2.9%
- 5SUMITOMO MITSUI FINANCIAL GROUP2.9%
- 6ADVANTEST2.7%
- 7HITACHI2.6%
- 8TOKYO ELECTRON2.4%
- 9MIZUHO FINANCIAL GROUP2.2%
- 10TOKIO MARINE HOLDINGS2.0%
IJPH holds 167 securities in total. These 10 are 29.5% of the fund.
Where the money is invested
Sectors
- Industrials23.6%
- Financials19.0%
- Consumer Discretionary16.1%
- Information Technology15.0%
- Communication6.4%
- Health Care6.0%
Countries
- Japan100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWJAMEXiShares MSCI Japan ETF | 0.49% | 23.1B |
| CJPULSEiShares MSCI Japan UCITS ETF | 0.12% | 1.7B |
| DBJPAMEXXtrackers MSCI Japan Hedged Equity ETF | 0.45% | 676.9M |
| LCJDLSEAmundi Core MSCI Japan UCITS ETF Acc | 0.12% | 6.6B |
| XMUJLSEXtrackers MSCI Japan UCITS ETF 1C | 0.4% | 8.4B |
Assets are shown in each fund's own reporting currency.
How to invest in IJPH 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 IJPH and buy
Find the fund by its ticker, IJPH, on the London Stock Exchange ETF segment, and place your order.
Why invest in IJPH from India
What IJPH holds
This investment product aims to replicate the performance of an index that comprises companies based in Japan. It also implements a strategy to convert the Japanese Yen currency exposure inherent in the index into British Pounds, with this hedging process occurring every month.
Outside US estate tax
IJPH is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from IJPH's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 IJPH's UCITS structure matters for Indian investors
IJPH is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy IJPH from India?
Yes. Indian residents can buy iShares MSCI Japan UCITS ETF (IJPH) 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 IJPH invest in?
iShares MSCI Japan UCITS ETF holds 167 securities. Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (4.5%), TOYOTA MOTOR (4.1%) and SONY GROUP (3.2%). Industrials is its largest sector at 23.6%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IJPH?
iShares MSCI Japan UCITS ETF has an expense ratio of 0.64% a year, taken from the fund's assets rather than billed to you. The fund manages about £190.1M.
Is IJPH a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Japan 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Does IJPH pay dividends?
No. iShares MSCI Japan UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell IJPH?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are 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.