Euronext Amsterdam · UCITS ETF
Invest in IMBE ETF from India
Indian and foreign residents can buy iShares US Mortgage Backed Securities UCITS ETF (IMBE) units directly through Paasa.
By Paasa · Updated
IMBE at a glance
- Price
- €4.40+€0.01 (0.25%)
- Expense ratio
- 0.3%
- Day range
- €4.39 – €4.40
- Assets
- €24.9M
- Domicile
- Ireland
- Holdings
- 610
- Launched
- 2019
- Dividends
- —
- 1 month
- -3.73%
- 6 months
- -3.49%
- YTD
- -4.64%
- 1 year
- -3.60%
- 5 years
- -12.48%
Price change, excluding dividends.
Top 10 holdings
- 1BLK ICS USD LEAF AGENCY DIST9.1%
- 2FHLMC 30YR UMBS 2.00% 02/01/2051 (FRQB9104)8.4%
- 3FNMA 30YR UMBS 2.50% 08/01/2051 (FNMA4399)3.8%
- 4FNMA 30YR UMBS 2.00% 12/01/2050 (FNMA4208)3.3%
- 5FNMA 30YR UMBS SUPER 2.50% 02/01/2051 (FNFM6081)2.8%
- 6GNMA2 30YR 2021 PRODUCTION 2.00% 10/20/2051 (G2MA7648)2.1%
- 7GNMA2 30YR 2021 PRODUCTION 2.50% 02/20/2051 (G2MA7193)1.9%
- 8FNMA 30YR UMBS 4.50% 09/01/2052 (FNMA4733)1.5%
- 9GNMA2 30YR 2024 PRODUCTION 5.00% 11/20/2054 (G2MB0025)1.4%
- 10FNMA 30YR UMBS 2.50% 04/01/2052 (FNBV5355)1.4%
IMBE holds 610 securities in total. These 10 are 35.7% of the fund.
Where the money is invested
Countries
- United States92.0%
- Ireland7.9%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IMBALSEiShares US Mortgage Backed Securities UCITS ETF USD (Acc) | 0.28% | 2.8B |
| IMBSLSEiShares US Mortgage Backed Securities UCITS ETF | 0.28% | 761.4M |
| IMGPLSEiShares US Mortgage Backed Securities UCITS ETF | 0.3% | 179.2M |
Assets are shown in each fund's own reporting currency.
How to invest in IMBE 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 EUR when you buy.
Step 3
Search IMBE and buy
Find the fund by its ticker, IMBE, on Euronext Amsterdam, and place your order.
Why invest in IMBE from India
What IMBE holds
This Fund seeks to mimic the performance of an index. This index is composed of high-quality, mortgage-backed pass-through securities, all of which are issued by U.S. government agencies.
Outside US estate tax
IMBE 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 IMBE's UCITS structure matters for Indian investors
IMBE 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 IMBE from India?
Yes. Indian residents can buy iShares US Mortgage Backed Securities UCITS ETF (IMBE) through Paasa. It is listed on Euronext Amsterdam and trades in EUR. 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 IMBE invest in?
iShares US Mortgage Backed Securities UCITS ETF holds 610 securities. Its largest holdings are BLK ICS USD LEAF AGENCY DIST (9.1%), FHLMC 30YR UMBS 2.00% 02/01/2051 (FRQB9104) (8.4%) and FNMA 30YR UMBS 2.50% 08/01/2051 (FNMA4399) (3.8%). The fund is domiciled in Ireland.
What is the expense ratio of IMBE?
iShares US Mortgage Backed Securities UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €24.9M.
Is IMBE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares US Mortgage Backed Securities 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 IMBE?
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 EUR/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.