XETRA · UCITS ETF
Invest in L0CK ETF from India
Indian and foreign residents can buy iShares Digital Security UCITS ETF (L0CK) units directly through Paasa.
By Paasa · Updated
L0CK at a glance
- Price
- €11.67+€0.13 (1.13%)
- Expense ratio
- 0.4%
- Day range
- €11.49 – €11.69
- Assets
- €1.9B
- Domicile
- Ireland
- Holdings
- 115
- Launched
- 2018
- Dividends
- —
- 1 month
- +7.48%
- 6 months
- +36.51%
- YTD
- +34.63%
- 1 year
- +31.89%
- 5 years
- +74.73%
Price change, excluding dividends.
Top 10 holdings
- 1OKTA CLASS A3.5%
- 2CROWDSTRIKE HOLDINGS CLASS A3.3%
- 3ZSCALER3.3%
- 4RUBRIK CLASS A3.3%
- 5PALO ALTO NETWORKS3.1%
- 6CLOUDFLARE CLASS A3.1%
- 7DYNATRACE INC3.0%
- 8NUTANIX CLASS A2.8%
- 9ARISTA NETWORKS2.8%
- 10FORTINET2.7%
L0CK holds 115 securities in total. These 10 are 30.9% of the fund.
Where the money is invested
Sectors
- Technology84.9%
- Industrials10.2%
- Real Estate4.9%
Countries
- United States72.6%
- Japan12.1%
- Israel3.1%
- Taiwan (Province of China)2.8%
- Ireland2.1%
- Australia1.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| LOCKLSEiShares Digital Security UCITS ETF | 0.4% | 2.2B |
| IS4SXETRAiShares Digital Security UCITS ETF | 0.4% | 204.1M |
| SHLDLSEiShares Digital Security UCITS ETF | 0.4% | 231.7M |
| SHLGLSEiShares Digital Security UCITS ETF | 0.4% | 175.1M |
Assets are shown in each fund's own reporting currency.
How to invest in L0CK 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 L0CK and buy
Find the fund by its ticker, L0CK, on XETRA, and place your order.
Why invest in L0CK from India
What L0CK holds
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the STOXX Global Digital Security Index
Outside US estate tax
L0CK 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 L0CK's UCITS structure matters for Indian investors
L0CK 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 L0CK from India?
Yes. Indian residents can buy iShares Digital Security UCITS ETF (L0CK) 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 L0CK invest in?
iShares Digital Security UCITS ETF holds 115 securities. Its largest holdings are OKTA CLASS A (3.5%), CROWDSTRIKE HOLDINGS CLASS A (3.3%) and ZSCALER (3.3%). Technology is its largest sector at 84.9%. The fund is domiciled in Ireland.
What is the expense ratio of L0CK?
iShares Digital Security 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 €1.9B.
Is L0CK a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Digital Security 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.
What tax do I pay in India when I sell L0CK?
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 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.