London Stock Exchange ETF segment · UCITS ETF
Invest in IUKP ETF from India
Indian and foreign residents can buy iShares UK Property UCITS ETF (IUKP) units directly through Paasa.
By Paasa · Updated
IUKP at a glance
- Price
- £4.28+£0.00 (0.04%)
- Expense ratio
- 0.4%
- Day range
- £4.27 – £4.32
- Assets
- £370.5M
- Domicile
- Ireland
- Holdings
- 26
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -5.68%
- 6 months
- +13.76%
- YTD
- +1.34%
- 1 year
- +6.33%
- 5 years
- -30.77%
Price change, excluding dividends.
Top 10 holdings
- 1SEGRO REIT PLC24.9%
- 2LAND SECURITIES GROUP REIT PLC9.0%
- 3LONDONMETRIC PROPERTY REIT PLC8.1%
- 4BRITISH LAND REIT8.0%
- 5TRITAX BIG BOX REIT PLC7.5%
- 6UNITE GROUP PLC4.6%
- 7PRIMARY HEALTH PROPERTIES REIT PLC4.3%
- 8SHAFTESBURY CAPITAL PLC4.0%
- 9DERWENT LONDON REIT PLC3.7%
- 10HAMMERSON REIT PLC3.6%
IUKP holds 26 securities in total. These 10 are 77.8% of the fund.
Where the money is invested
Sectors
- Real Estate99.4%
- Consumer Cyclical0.6%
Countries
- United Kingdom95.3%
- Guernsey3.7%
- Netherlands0.6%
- Ireland0.2%
- Other0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| UKPHXETRAiShares UK Property UCITS ETF | 0.42% | 13.4M |
Assets are shown in each fund's own reporting currency.
How to invest in IUKP 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 IUKP and buy
Find the fund by its ticker, IUKP, on the London Stock Exchange ETF segment, and place your order.
Why invest in IUKP from India
What IUKP holds
The investment objective of this Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the FTSE EPRA/Nareit UK Index.
Outside US estate tax
IUKP 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 IUKP's UCITS structure matters for Indian investors
IUKP 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 IUKP from India?
Yes. Indian residents can buy iShares UK Property UCITS ETF (IUKP) 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 IUKP invest in?
iShares UK Property UCITS ETF holds 26 securities. Its largest holdings are SEGRO REIT PLC (24.9%), LAND SECURITIES GROUP REIT PLC (9.0%) and LONDONMETRIC PROPERTY REIT PLC (8.1%). Consumer Cyclical is its largest sector at 0.6%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IUKP?
iShares UK Property UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about £370.5M.
Is IUKP a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares UK Property 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 IUKP dividends taxed in India?
iShares UK Property 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 IUKP?
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 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.