London Stock Exchange ETF segment · UCITS ETF
Invest in JPHY ETF from India
Indian and foreign residents can buy JPMorgan ETFs Ireland ICAV - High Yield Bond Active UCITS ETF (JPHY) units directly through Paasa.
By Paasa · Updated
JPHY at a glance
- Price
- $10.92-$0.02 (0.21%)
- Expense ratio
- 0.45%
- Day range
- $10.91 – $10.97
- Assets
- $419.2M
- Domicile
- Ireland
- Holdings
- 517
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -2.37%
- 6 months
- +1.53%
- YTD
- +0.32%
- 1 year
- +1.91%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1Cash and Cash Equivalent4.3%
- 2CCO HLDGS LLC/C 4.75% 03/01/301.2%
- 3CCO HLDGS LLC/CA 4.5% 08/15/300.9%
- 4EMRLD BOR / EM 6.625% 12/15/300.9%
- 5CCO HLDGS LLC/C 4.25% 02/01/310.8%
- 6ENTEGRIS INC 5.95% 06/15/300.8%
- 7IHEARTCOMMUNIC 9.125% 05/01/290.8%
- 8VISTRA OPERATIO 7.75% 10/15/310.7%
- 9MAUSER PACKAGI 7.875% 04/15/300.7%
- 10MEDLINE BORROWE 5.25% 10/01/290.7%
JPHY holds 517 securities in total. These 10 are 11.9% of the fund.
Where the money is invested
Countries
- United States100.0%
How to invest in JPHY 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.
Step 3
Search JPHY and buy
Find the fund by its ticker, JPHY, on the London Stock Exchange ETF segment, and place your order.
Why invest in JPHY from India
What JPHY holds
The objective of the Sub-Fund is to achieve a long-term return in excess of the Benchmark by actively investing primarily in a portfolio of USD-denominated below investment grade corporate debt securities.
Outside US estate tax
JPHY is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from JPHY's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
JPHY is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 JPHY's UCITS structure matters for Indian investors
JPHY 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 JPHY from India?
Yes. Indian residents can buy JPMorgan ETFs Ireland ICAV - High Yield Bond Active UCITS ETF (JPHY) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 JPHY invest in?
JPMorgan ETFs Ireland ICAV - High Yield Bond Active UCITS ETF holds 517 securities. Its largest holdings are Cash and Cash Equivalent (4.3%), CCO HLDGS LLC/C 4.75% 03/01/30 (1.2%) and CCO HLDGS LLC/CA 4.5% 08/15/30 (0.9%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of JPHY?
JPMorgan ETFs Ireland ICAV - High Yield Bond Active UCITS ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $419.2M.
Is JPHY a UCITS ETF, and why does that matter for Indian investors?
Yes. JPMorgan ETFs Ireland ICAV - High Yield Bond Active 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.
Does JPHY pay dividends?
No. JPMorgan ETFs Ireland ICAV - High Yield Bond Active UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell JPHY?
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 USD/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.