XETRA · UCITS ETF
Invest in IQQ9 ETF from India
Indian and foreign residents can buy iShares BIC 50 UCITS ETF (IQQ9) units directly through Paasa.
By Paasa · Updated
IQQ9 at a glance
- Price
- €19.70+€0.07 (0.38%)
- Expense ratio
- 0.74%
- Day range
- €19.65 – €19.90
- Assets
- €96.8M
- Domicile
- Ireland
- Holdings
- 59
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -1.56%
- 6 months
- -4.89%
- YTD
- -10.34%
- 1 year
- -18.13%
- 5 years
- -27.63%
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS15.5%
- 2ALIBABA GROUP HOLDING14.1%
- 3CHINA CONSTRUCTION BANK CORP H5.9%
- 4INDUSTRIAL AND COMMERCIAL BANK OF4.2%
- 5ICICI BANK ADR REP3.9%
- 6PDD HOLDINGS ADS3.3%
- 7XIAOMI3.1%
- 8BANK OF CHINA LTD H2.8%
- 9MEITUAN2.7%
- 10VALE ADR REPRESENTING ONE2.6%
IQQ9 holds 59 securities in total. These 10 are 58.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical30.5%
- Financial Services27.2%
- Communication Services19.3%
- Energy6.4%
- Technology5.5%
- Basic Materials4.9%
Countries
- China75.2%
- Brazil11.2%
- India6.0%
- Ireland3.3%
- Hong Kong1.6%
- Singapore1.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| BRICLSEiShares BIC 50 UCITS ETF | 0.74% | 83.0M |
| BRICAMSiShares BIC 50 UCITS ETF | 0.74% | 96.8M |
| DBRCLSEiShares BIC 50 UCITS ETF | 0.74% | 109.8M |
Assets are shown in each fund's own reporting currency.
How to invest in IQQ9 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 IQQ9 and buy
Find the fund by its ticker, IQQ9, on XETRA, and place your order.
Why invest in IQQ9 from India
What IQQ9 holds
The primary goal of this fund is to mirror the returns generated by an index, which is specifically constructed from the top fifty biggest corporate entities in Brazil, India, and China, frequently designated as the "BIC" countries.
Outside US estate tax
IQQ9 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 IQQ9's UCITS structure matters for Indian investors
IQQ9 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 IQQ9 from India?
Yes. Indian residents can buy iShares BIC 50 UCITS ETF (IQQ9) through Paasa. It is listed on XETRA 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 IQQ9 invest in?
iShares BIC 50 UCITS ETF holds 59 securities. Its largest holdings are TENCENT HOLDINGS (15.5%), ALIBABA GROUP HOLDING (14.1%) and CHINA CONSTRUCTION BANK CORP H (5.9%). Consumer Cyclical is its largest sector at 30.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IQQ9?
iShares BIC 50 UCITS ETF has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about €96.8M.
Is IQQ9 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares BIC 50 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 IQQ9 dividends taxed in India?
iShares BIC 50 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 IQQ9?
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 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.