London Stock Exchange ETF segment · UCITS ETF
Invest in IPRP ETF from India
Indian and foreign residents can buy iShares European Property Yield UCITS ETF (IPRP) units directly through Paasa.
By Paasa · Updated
IPRP at a glance
- Price
- £22.40-£0.36 (1.57%)
- Expense ratio
- 0.4%
- Day range
- £22.35 – £22.57
- Assets
- £648.2M
- Domicile
- Ireland
- Holdings
- 59
- Launched
- 2005
- Dividends
- Distributing
- 1 month
- -11.10%
- 6 months
- -14.15%
- YTD
- -15.82%
- 1 year
- -15.46%
- 5 years
- -37.95%
Price change, excluding dividends.
Top 10 holdings
- 1VONOVIA SE10.6%
- 2UNIBAIL RODAMCO WE STAPLED UNITS9.1%
- 3SWISS PRIME SITE AG9.0%
- 4KLEPIERRE REIT SA6.9%
- 5PSP SWISS PROPERTY AG6.0%
- 6AEDIFICA NV5.1%
- 7MERLIN PROPERTIES REIT4.5%
- 8WAREHOUSES DE PAUW NV3.4%
- 9LEG IMMOBILIEN N3.0%
- 10CASTELLUM2.9%
IPRP holds 59 securities in total. These 10 are 60.5% of the fund.
Where the money is invested
Countries
- France24.7%
- Switzerland21.1%
- Germany16.6%
- Belgium12.9%
- Sweden12.0%
- Spain6.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IPREXETRAiShares European Property Yield UCITS ETF | 0.4% | 182.8M |
Assets are shown in each fund's own reporting currency.
How to invest in IPRP 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 IPRP and buy
Find the fund by its ticker, IPRP, on the London Stock Exchange ETF segment, and place your order.
Why invest in IPRP from India
What IPRP holds
This investment vehicle aims to mirror the returns of an index comprising publicly traded real estate companies and Real Estate Investment Trusts (REITs). These entities are based in developed European nations, with the exclusion of the United Kingdom, and are selected based on specific dividend yield requirements.
Outside US estate tax
IPRP 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 IPRP's UCITS structure matters for Indian investors
IPRP 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 IPRP from India?
Yes. Indian residents can buy iShares European Property Yield UCITS ETF (IPRP) 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 IPRP invest in?
iShares European Property Yield UCITS ETF holds 59 securities. Its largest holdings are VONOVIA SE (10.6%), UNIBAIL RODAMCO WE STAPLED UNITS (9.1%) and SWISS PRIME SITE AG (9.0%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of IPRP?
iShares European Property Yield UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about £648.2M.
Is IPRP a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares European Property Yield 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.
How are IPRP dividends taxed in India?
iShares European Property Yield 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 IPRP?
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.