London Stock Exchange ETF segment · UCITS ETF
Invest in JSET ETF from India
Indian and foreign residents can buy JPM Ultra-Short Active UCITS ETF (JSET) units directly through Paasa.
By Paasa · Updated
JSET at a glance
- Price
- £92.44-£0.12 (0.13%)
- Expense ratio
- 0.18%
- Day range
- £92.44 – £92.59
- Assets
- £1.2B
- Domicile
- Ireland
- Holdings
- 253
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -1.09%
- 6 months
- -2.54%
- YTD
- -2.75%
- 1 year
- -3.64%
- 5 years
- +9.41%
Price change, excluding dividends.
Top 10 holdings
- 1Cash and Cash Equivalent6.0%
- 2ANZ NEW ZEA 0.2% 09/23/27/EUR/1.6%
- 3DNB BANK ASA V/R 01/18/28/EUR/1.5%
- 4BANK OF AMER V/R 04/25/28/EUR/1.5%
- 5AMAZON.COM 2.8% 03/16/28/EUR/1.5%
- 6UNICREDIT SP V/R 07/15/30/EUR/1.2%
- 7GOLDMAN SACH V/R 02/17/29/EUR/1.1%
- 8BANK OF NOVA V/R 09/06/30/EUR/1.0%
- 9PARKER-HANN 3.8% 03/01/30/EUR/0.9%
- 10MITSUBISH 2.856% 11/26/28/EUR/0.9%
JSET holds 253 securities in total. These 10 are 17.3% of the fund.
Where the money is invested
Sectors
- Corporate60.5%
- Securitized5.1%
- Government2.8%
Countries
- United States22.4%
- United Kingdom18.1%
- Canada8.4%
- France7.8%
- Netherlands6.5%
- Spain5.1%
How to invest in JSET 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 JSET and buy
Find the fund by its ticker, JSET, on the London Stock Exchange ETF segment, and place your order.
Why invest in JSET from India
What JSET holds
The primary objective of this Sub-Fund is to deliver ongoing income, with a concurrent focus on minimizing fluctuations in the invested capital.
Outside US estate tax
JSET 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 JSET's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 JSET's UCITS structure matters for Indian investors
JSET 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 JSET from India?
Yes. Indian residents can buy JPM Ultra-Short Active UCITS ETF (JSET) 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 JSET invest in?
JPM Ultra-Short Active UCITS ETF holds 253 securities. Its largest holdings are Cash and Cash Equivalent (6.0%), ANZ NEW ZEA 0.2% 09/23/27/EUR/ (1.6%) and DNB BANK ASA V/R 01/18/28/EUR/ (1.5%). Corporate is its largest sector at 60.5%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of JSET?
JPM Ultra-Short Active UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.2B.
Is JSET a UCITS ETF, and why does that matter for Indian investors?
Yes. JPM Ultra-Short 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 JSET pay dividends?
No. JPM Ultra-Short 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 JSET?
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.