London Stock Exchange ETF segment · UCITS ETF
Invest in IS15 ETF from India
Indian and foreign residents can buy iShares £ Corp Bond 0-5yr UCITS ETF (IS15) units directly through Paasa.
By Paasa · Updated
IS15 at a glance
- Price
- £99.70+£0.20 (0.20%)
- Expense ratio
- 0.2%
- Day range
- £99.51 – £99.88
- Assets
- £1.7B
- Domicile
- Ireland
- Holdings
- 450
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -2.75%
- 6 months
- -0.56%
- YTD
- -3.34%
- 1 year
- -1.79%
- 5 years
- -5.91%
Price change, excluding dividends.
Top 10 holdings
- 1BANK OF AMERICA CORP MTN RegS 7.00% 07/31/2028 (BAC)0.7%
- 2BARCLAYS PLC MTN RegS 3.25% 02/12/2027 (BACR)0.6%
- 3LLOYDS BANKING GROUP PLC RegS 2.71% 12/03/2035 (LLOYDS)0.6%
- 4HSBC HOLDINGS PLC RegS 8.20% 11/16/2034 (HSBC)0.6%
- 5BARCLAYS PLC RegS 7.09% 11/06/2029 (BACR)0.6%
- 6BARCLAYS PLC RegS 8.41% 11/14/2032 (BACR)0.6%
- 7BARCLAYS PLC RegS 6.37% 01/31/2031 (BACR)0.6%
- 8HSBC HOLDINGS PLC 6.80% 09/14/2031 (HSBC)0.5%
- 9MORGAN STANLEY MTN 2.63% 03/09/2027 (MS)0.5%
- 10COOPERATIEVE CENTRALE RAIFFEISEN-B MTN RegS 4.63% 05/23/2029 (RABOBK)0.5%
IS15 holds 450 securities in total. These 10 are 5.9% of the fund.
Where the money is invested
Sectors
- Financial Services28.7%
- Industrials23.7%
- Consumer Cyclical16.2%
- Technology10.3%
- Consumer Defensive8.1%
- Real Estate5.5%
Countries
- United Kingdom36.5%
- United States22.0%
- France10.4%
- Netherlands7.2%
- Other4.4%
- Canada3.4%
How to invest in IS15 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 IS15 and buy
Find the fund by its ticker, IS15, on the London Stock Exchange ETF segment, and place your order.
Why invest in IS15 from India
What IS15 holds
The core aim of this fund is to replicate the performance of a specific index, which is composed of investment-grade corporate bonds denominated in British Pounds Sterling. It is important to note that on October 1, 2015, the fund's benchmark index was updated, moving from the Markit iBoxx GBP Corporates 1-5 Index to the Markit iBoxx GBP Corporates 0-5 Index.
Outside US estate tax
IS15 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 IS15's UCITS structure matters for Indian investors
IS15 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 IS15 from India?
Yes. Indian residents can buy iShares £ Corp Bond 0-5yr UCITS ETF (IS15) 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 IS15 invest in?
iShares £ Corp Bond 0-5yr UCITS ETF holds 450 securities. Its largest holdings are BANK OF AMERICA CORP MTN RegS 7.00% 07/31/2028 (BAC) (0.7%), BARCLAYS PLC MTN RegS 3.25% 02/12/2027 (BACR) (0.6%) and LLOYDS BANKING GROUP PLC RegS 2.71% 12/03/2035 (LLOYDS) (0.6%). Financial Services is its largest sector at 28.7%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IS15?
iShares £ Corp Bond 0-5yr UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.7B.
Is IS15 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares £ Corp Bond 0-5yr 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 IS15 dividends taxed in India?
iShares £ Corp Bond 0-5yr 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 IS15?
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.