London Stock Exchange ETF segment · UCITS ETF
Invest in INXG ETF from India
Indian and foreign residents can buy iShares £ Index-Linked Gilts UCITS ETF (INXG) units directly through Paasa.
By Paasa · Updated
INXG at a glance
- Price
- £10.86-£0.02 (0.22%)
- Expense ratio
- 0.1%
- Day range
- £10.83 – £11.02
- Assets
- £452.3M
- Domicile
- Ireland
- Holdings
- 34
- Launched
- 2006
- Dividends
- Distributing
- 1 month
- +0.43%
- 6 months
- -4.27%
- YTD
- -3.84%
- 1 year
- -3.93%
- 5 years
- -48.38%
Price change, excluding dividends.
Top 10 holdings
- 1UK I/L GILT RegS 1.25% 11/22/2027 (UKTI)5.5%
- 2UK I/L GILT RegS 1.25% 11/22/2032 (UKTI)5.0%
- 3UK I/L GILT RegS 0.13% 03/22/2029 (UKTI)4.8%
- 4UK I/L GILT RegS 0.13% 08/10/2028 (UKTI)4.8%
- 5UK I/L GILT RegS 0.75% 03/22/2034 (UKTI)4.4%
- 6UK I/L GILT RegS 1.13% 11/22/2037 (UKTI)4.3%
- 7UK I/L GILT RegS 0.13% 08/10/2031 (UKTI)4.3%
- 8UK I/L GILT RegS 0.63% 03/22/2040 (UKTI)4.0%
- 9UK I/L GILT RegS 2.00% 01/26/2035 (UKTI)3.9%
- 10UNITED KINGDOM OF GREAT BRITAIN AN RegS 1.13% 09/22/2035 (UKTI)3.9%
INXG holds 34 securities in total. These 10 are 44.8% of the fund.
Where the money is invested
Countries
- United Kingdom99.8%
- Ireland0.2%
How to invest in INXG 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 INXG and buy
Find the fund by its ticker, INXG, on the London Stock Exchange ETF segment, and place your order.
Why invest in INXG from India
What INXG holds
The investment objective of this fund is to mirror the performance of a benchmark index made up of British government bonds designed to protect against inflation.
Outside US estate tax
INXG 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 INXG's UCITS structure matters for Indian investors
INXG 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 INXG from India?
Yes. Indian residents can buy iShares £ Index-Linked Gilts UCITS ETF (INXG) 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 INXG invest in?
iShares £ Index-Linked Gilts UCITS ETF holds 34 securities. Its largest holdings are UK I/L GILT RegS 1.25% 11/22/2027 (UKTI) (5.5%), UK I/L GILT RegS 1.25% 11/22/2032 (UKTI) (5.0%) and UK I/L GILT RegS 0.13% 03/22/2029 (UKTI) (4.8%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of INXG?
iShares £ Index-Linked Gilts 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 £452.3M.
Is INXG a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares £ Index-Linked Gilts 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 INXG dividends taxed in India?
iShares £ Index-Linked Gilts 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 INXG?
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.