XETRA · UCITS ETF
Invest in IUS6 ETF from India
Indian and foreign residents can buy iShares € Covered Bond UCITS ETF (IUS6) units directly through Paasa.
By Paasa · Updated
IUS6 at a glance
- Price
- €137.28+€0.13 (0.09%)
- Expense ratio
- 0.2%
- Day range
- €137.26 – €137.28
- Assets
- €1.6B
- Domicile
- Ireland
- Holdings
- 1,167
- Launched
- 2008
- Dividends
- Distributing
- 1 month
- -1.54%
- 6 months
- -1.91%
- YTD
- -3.71%
- 1 year
- -3.49%
- 5 years
- -12.44%
Price change, excluding dividends.
Top 10 holdings
- 1PROGRAMA CEDULAS TDA FONDO DE TITU 4.25% 04/10/2031 (CEDTDA)0.4%
- 2TORONTO-DOMINION BANK/THE MTN RegS 3.19% 02/16/2029 (TD)0.3%
- 3BANK OF NOVA SCOTIA RegS 3.25% 01/18/2028 (BNS)0.2%
- 4BANKIA SAU 4.13% 03/24/2036 (CABKSM)0.2%
- 5ING BANK NV RegS 2.75% 11/25/2032 (INTNED)0.2%
- 6ING BANK NV RegS 3.00% 02/15/2033 (INTNED)0.2%
- 7ABN AMRO BANK NV MTN RegS 1.00% 04/13/2031 (ABNANV)0.2%
- 8BPCE SFH RegS 3.25% 04/12/2028 (BPCECB)0.2%
- 9SOCIETE GENERALE SFH RegS 1.38% 05/05/2028 (SOCSFH)0.2%
- 10ING BANK NV MTN RegS 0.75% 02/18/2029 (INTNED)0.2%
IUS6 holds 1,167 securities in total. These 10 are 2.5% of the fund.
Where the money is invested
Sectors
- Securitized93.4%
- Government5.5%
- Corporate0.8%
Countries
- France25.6%
- Germany19.1%
- Netherlands7.7%
- Other5.7%
- Austria5.1%
- Canada4.8%
How to invest in IUS6 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 IUS6 and buy
Find the fund by its ticker, IUS6, on XETRA, and place your order.
Why invest in IUS6 from India
What IUS6 holds
This exchange-traded fund aims to replicate the returns of an underlying index, which exclusively comprises high-quality covered bonds denominated in Euros.
Outside US estate tax
IUS6 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 IUS6's UCITS structure matters for Indian investors
IUS6 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 IUS6 from India?
Yes. Indian residents can buy iShares € Covered Bond UCITS ETF (IUS6) 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 IUS6 invest in?
iShares € Covered Bond UCITS ETF holds 1,167 securities. Its largest holdings are PROGRAMA CEDULAS TDA FONDO DE TITU 4.25% 04/10/2031 (CEDTDA) (0.4%), TORONTO-DOMINION BANK/THE MTN RegS 3.19% 02/16/2029 (TD) (0.3%) and BANK OF NOVA SCOTIA RegS 3.25% 01/18/2028 (BNS) (0.2%). Securitized is its largest sector at 93.4%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IUS6?
iShares € Covered Bond 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 €1.6B.
Is IUS6 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares € Covered Bond 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 IUS6 dividends taxed in India?
iShares € Covered Bond 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 IUS6?
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.