London Stock Exchange ETF segment · UCITS ETF
Invest in ISXF ETF from India
Indian and foreign residents can buy iShares Corp Bond ex-Financials UCITS ETF (ISXF) units directly through Paasa.
By Paasa · Updated
ISXF at a glance
- Price
- £99.93+£0.18 (0.18%)
- Expense ratio
- 0.2%
- Day range
- £99.79 – £99.93
- Assets
- £37.6M
- Domicile
- Ireland
- Holdings
- 331
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -0.78%
- 6 months
- -2.62%
- YTD
- -6.14%
- 1 year
- -3.46%
- 5 years
- -23.84%
Price change, excluding dividends.
Top 10 holdings
- 1ELECTRICITE DE FRANCE RegS 6.13% 06/02/2034 (EDF)1.0%
- 2WESTERN POWER DISTRIBUTION (EAST M MTN RegS 1.75% 09/09/2031 (NGGLN)0.7%
- 3ALPHABET INC 4.63% 11/13/2032 (GOOGL)0.7%
- 4ELECTRICITE DE FRANCE SA MTN RegS 6.00% 01/23/2114 (EDF)0.7%
- 5E.ON INTERNATIONAL FINANCE B.V. MTN RegS 6.38% 06/07/2032 (EOANGR)0.7%
- 6ALPHABET INC 5.88% 02/13/2058 (GOOGL)0.7%
- 7WALMART STORES INC RegS 5.63% 03/27/2034 (WMT)0.7%
- 8ENEL FINANCE INTERNATIONAL SA MTN RegS 5.75% 09/14/2040 (ENELIM)0.7%
- 9SCOTTISH HYDRO ELECTRIC TRANSMISSI MTN RegS 2.13% 03/24/2036 (SSELN)0.6%
- 10GLAXOSMITHKLINE CAPITAL PLC MTN RegS 1.25% 10/12/2028 (GSK)0.6%
ISXF holds 331 securities in total. These 10 are 7.2% of the fund.
Where the money is invested
Countries
- United Kingdom50.6%
- United States19.5%
- France9.0%
- Netherlands8.8%
- Denmark1.6%
- Japan1.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IEXAXETRAiShares € Corp Bond ex-Financials UCITS ETF | 0.2% | 32.3M |
| EEXFLSEiShares € Corp Bond ex-Financials UCITS ETF | 0.2% | 712.5M |
Assets are shown in each fund's own reporting currency.
How to invest in ISXF 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 ISXF and buy
Find the fund by its ticker, ISXF, on the London Stock Exchange ETF segment, and place your order.
Why invest in ISXF from India
What ISXF holds
In order to achieve this investment objective, the investment policy of this Fund is to invest in a portfolio of fixed income debt securities that as far as possible and practicable consists of the component securities of the Markit iBoxx GBP Non-Financials Index, this Funds Benchmark Index
Outside US estate tax
ISXF 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 ISXF's UCITS structure matters for Indian investors
ISXF 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 ISXF from India?
Yes. Indian residents can buy iShares Corp Bond ex-Financials UCITS ETF (ISXF) 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 ISXF invest in?
iShares Corp Bond ex-Financials UCITS ETF holds 331 securities. Its largest holdings are ELECTRICITE DE FRANCE RegS 6.13% 06/02/2034 (EDF) (1.0%), WESTERN POWER DISTRIBUTION (EAST M MTN RegS 1.75% 09/09/2031 (NGGLN) (0.7%) and ALPHABET INC 4.63% 11/13/2032 (GOOGL) (0.7%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of ISXF?
iShares Corp Bond ex-Financials 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 £37.6M.
Is ISXF a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Corp Bond ex-Financials 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 ISXF dividends taxed in India?
iShares Corp Bond ex-Financials 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 ISXF?
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.