XETRA · UCITS ETF
Invest in IS06 ETF from India
Indian and foreign residents can buy iShares € Corp Bond BBB-BB UCITS ETF (IS06) units directly through Paasa.
By Paasa · Updated
IS06 at a glance
- Price
- €4.71-€0.00 (0.06%)
- Expense ratio
- 0.25%
- Day range
- €4.71 – €4.72
- Assets
- €433.0M
- Domicile
- Ireland
- Holdings
- 2,667
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -1.93%
- 6 months
- -2.13%
- YTD
- -4.32%
- 1 year
- -3.73%
- 5 years
- -10.84%
Price change, excluding dividends.
Top 10 holdings
- 1VOLKSWAGEN INTERNATIONAL FINANCE N RegS 1.88% 03/30/2027 (VW)0.2%
- 2EUR CASH0.2%
- 3VERIZON COMMUNICATIONS INC 4.25% 08/15/2056 (VZ)0.1%
- 4VERIZON COMMUNICATIONS INC 4.00% 06/15/2056 (VZ)0.1%
- 5BP CAPITAL MARKETS PLC NC9 RegS 3.63% 12/31/2079 (BPLN)0.1%
- 6NTT FINANCE CORP RegS 4.09% 07/16/2037 (NTT)0.1%
- 7CREDIT AGRICOLE SA RegS 2.63% 03/17/2027 (ACAFP)0.1%
- 8AT&T INC 1.60% 05/19/2028 (T)0.1%
- 9INTESA SANPAOLO SPA MTN RegS 6.18% 02/20/2034 (ISPIM)0.1%
- 10ABN AMRO BANK NV MTN RegS 4.38% 10/20/2028 (ABNANV)0.1%
IS06 holds 2,667 securities in total. These 10 are 1.2% of the fund.
Where the money is invested
Countries
- France21.1%
- Netherlands13.6%
- United States10.8%
- Germany10.5%
- Italy8.1%
- United Kingdom7.0%
How to invest in IS06 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 IS06 and buy
Find the fund by its ticker, IS06, on XETRA, and place your order.
Why invest in IS06 from India
What IS06 holds
The Fund's primary goal is to replicate the performance of a specific benchmark index. This index is constructed from corporate bonds, all denominated in Euros, that encompass both investment-grade and sub-investment-grade credit ratings.
Outside US estate tax
IS06 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 IS06's UCITS structure matters for Indian investors
IS06 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 IS06 from India?
Yes. Indian residents can buy iShares € Corp Bond BBB-BB UCITS ETF (IS06) 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 IS06 invest in?
iShares € Corp Bond BBB-BB UCITS ETF holds 2,667 securities. Its largest holdings are VOLKSWAGEN INTERNATIONAL FINANCE N RegS 1.88% 03/30/2027 (VW) (0.2%), EUR CASH (0.2%) and VERIZON COMMUNICATIONS INC 4.25% 08/15/2056 (VZ) (0.1%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of IS06?
iShares € Corp Bond BBB-BB UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €433.0M.
Is IS06 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Corp Bond BBB-BB 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 IS06 dividends taxed in India?
iShares € Corp Bond BBB-BB 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 IS06?
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.