XETRA · UCITS ETF
Invest in IQQI ETF from India
Indian and foreign residents can buy iShares Global Infrastructure UCITS ETF (IQQI) units directly through Paasa.
By Paasa · Updated
IQQI at a glance
- Price
- €31.95-€0.06 (0.19%)
- Expense ratio
- 0.65%
- Day range
- €31.67 – €31.96
- Assets
- €2.1B
- Domicile
- Ireland
- Holdings
- 275
- Launched
- 2006
- Dividends
- Distributing
- 1 month
- -3.28%
- 6 months
- -4.53%
- YTD
- +5.36%
- 1 year
- +4.84%
- 5 years
- +18.53%
Price change, excluding dividends.
Top 10 holdings
- 1UNION PACIFIC5.3%
- 2NEXTERA ENERGY5.1%
- 3ENBRIDGE3.4%
- 4SOUTHERN3.1%
- 5DUKE ENERGY CORP2.9%
- 6CSX2.8%
- 7WILLIAMS2.7%
- 8AMERICAN TOWER REIT2.5%
- 9CANADIAN PACIFIC KANSAS CITY2.5%
- 10NATIONAL GRID PLC2.4%
IQQI holds 275 securities in total. These 10 are 32.7% of the fund.
Where the money is invested
Sectors
- Utilities54.4%
- Industrials22.3%
- Energy16.7%
- Real Estate4.7%
- Communication Services1.0%
- Technology0.8%
Countries
- United States60.6%
- Canada12.8%
- Japan4.1%
- United Kingdom3.7%
- Other2.6%
- Hong Kong1.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| INFRLSEiShares Global Infrastructure UCITS ETF USD | 0.65% | 1.8B |
| IGFNASDAQiShares Global Infrastructure ETF | 0.37% | 10.1B |
| IDINLSEiShares Global Infrastructure UCITS ETF | 0.65% | 2.4B |
Assets are shown in each fund's own reporting currency.
How to invest in IQQI 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 IQQI and buy
Find the fund by its ticker, IQQI, on XETRA, and place your order.
Why invest in IQQI from India
What IQQI holds
This fund endeavors to mirror the returns of a benchmark composed of infrastructure companies operating in both established and developing nations worldwide. The previous index, the Macquarie Global Infrastructure 100, was retired by its administrator effective May 22, 2017.
Outside US estate tax
IQQI 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 IQQI's UCITS structure matters for Indian investors
IQQI 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 IQQI from India?
Yes. Indian residents can buy iShares Global Infrastructure UCITS ETF (IQQI) 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 IQQI invest in?
iShares Global Infrastructure UCITS ETF holds 275 securities. Its largest holdings are UNION PACIFIC (5.3%), NEXTERA ENERGY (5.1%) and ENBRIDGE (3.4%). Utilities is its largest sector at 54.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IQQI?
iShares Global Infrastructure UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about €2.1B.
Is IQQI a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Global Infrastructure 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 IQQI dividends taxed in India?
iShares Global Infrastructure 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 IQQI?
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.