London Stock Exchange ETF segment · UCITS ETF
Invest in MDBG ETF from India
Indian and foreign residents can buy UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis (MDBG) units directly through Paasa.
By Paasa · Updated
MDBG at a glance
- Price
- £9.98-£0.02 (0.21%)
- Expense ratio
- 0.18%
- Day range
- £9.98 – £10.00
- Assets
- £1.4B
- Domicile
- Luxembourg
- Holdings
- 101
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -1.98%
- 6 months
- -3.72%
- YTD
- -5.39%
- 1 year
- -4.29%
- 5 years
- -11.91%
Price change, excluding dividends.
Top 10 holdings
- 1EBRD 4 1/8 01/25/293.6%
- 2EBRD 4 3/8 03/09/283.5%
- 3IADB 4 1/2 02/15/302.3%
- 4ASIA 4 3/8 01/14/282.2%
- 5IADB 4 1/8 02/15/292.2%
- 6AFDB 4 3/8 11/03/272.1%
- 7AFDB 4 3/8 03/14/282.1%
- 8AFDB 3.875 '28 USD2.1%
- 9EBRD 4 1/4 05/29/312.0%
- 10AFDB 4 03/18/302.0%
MDBG holds 101 securities in total. These 10 are 24.2% of the fund.
Where the money is invested
Countries
- United States49.8%
- Philippines24.8%
- Ivory Coast14.1%
- United Kingdom10.9%
- Other0.5%
How to invest in MDBG 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 MDBG and buy
Find the fund by its ticker, MDBG, on the London Stock Exchange ETF segment, and place your order.
Why invest in MDBG from India
What MDBG holds
This fund's primary objective is to replicate the price fluctuations and total returns of the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped hedged to GBP Index. Its holdings predominantly consist of the debt securities found within this benchmark.
Outside US estate tax
MDBG is domiciled in Luxembourg, 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 MDBG's UCITS structure matters for Indian investors
MDBG is domiciled in Luxembourg, 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 MDBG from India?
Yes. Indian residents can buy UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis (MDBG) 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 MDBG invest in?
UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis holds 101 securities. Its largest holdings are EBRD 4 1/8 01/25/29 (3.6%), EBRD 4 3/8 03/09/28 (3.5%) and IADB 4 1/2 02/15/30 (2.3%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of MDBG?
UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.4B.
Is MDBG a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis is a UCITS fund domiciled in Luxembourg. 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 MDBG dividends taxed in India?
UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis 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 MDBG?
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.