London Stock Exchange ETF segment · UCITS ETF
Invest in MIST ETF from India
Indian and foreign residents can buy PIMCO US Dollar Short Maturity UCITS ETF (MIST) units directly through Paasa.
By Paasa · Updated
MIST at a glance
- Price
- £119.24+£0.03 (0.03%)
- Expense ratio
- 0.4%
- Day range
- £119.24 – £119.27
- Assets
- £11.0M
- Domicile
- Ireland
- Holdings
- 602
- Launched
- 2019
- Dividends
- —
- 1 month
- +0.45%
- 6 months
- +1.91%
- YTD
- +3.47%
- 1 year
- +4.04%
- 5 years
- +18.40%
Price change, excluding dividends.
Top 10 holdings
- 1Other net assets (liabilities)23.4%
- 2ENBRIDGE US INC 4(2) DISC NT* 12/15/20261.3%
- 3DAIWA SECURITIES CO LTD SR UNSEC REGS 4.09% 02/18/20271.3%
- 4BANK OF MONTREAL SR UNSEC SOFR 4.48% 09/15/20281.2%
- 5U S TREASURY NOTE 4.13% 06/30/20311.1%
- 6QNB FINANCE LTD SR UNSEC SOFR REGS 4.79% 09/19/20271.1%
- 7ROYAL CARIBBEAN CRUISES SR UNSEC 144A 5.38% 07/15/20271.1%
- 8HSBC HOLDINGS PLC SR UNSEC SOFR 4.76% 06/09/20281.0%
- 9QNB FINANCE LTD SR UNSEC SOFR REGS 4.41% 08/26/20271.0%
- 10FHR 5513 MF SOFR30A+94BP 4.83% 11/25/20541.0%
MIST holds 602 securities in total. These 10 are 33.3% of the fund.
Where the money is invested
Sectors
- Corporate57.5%
- Securitized18.9%
- Government5.0%
Countries
- United States73.3%
- Canada5.3%
- United Kingdom5.2%
- Japan3.9%
- Cayman Islands3.1%
- Spain1.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MINTLSEPIMCO US Dollar Short Maturity UCITS ETF | 0.35% | 2.7B |
Assets are shown in each fund's own reporting currency.
How to invest in MIST 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 MIST and buy
Find the fund by its ticker, MIST, on the London Stock Exchange ETF segment, and place your order.
Why invest in MIST from India
What MIST holds
This Fund seeks to generate earnings and promote capital growth while simultaneously protecting the principal investment. Its holdings are predominantly allocated to a diverse range of debt securities denominated in US dollars.
Outside US estate tax
MIST 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 MIST's UCITS structure matters for Indian investors
MIST 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 MIST from India?
Yes. Indian residents can buy PIMCO US Dollar Short Maturity UCITS ETF (MIST) 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 MIST invest in?
PIMCO US Dollar Short Maturity UCITS ETF holds 602 securities. Its largest holdings are Other net assets (liabilities) (23.4%), ENBRIDGE US INC 4(2) DISC NT* 12/15/2026 (1.3%) and DAIWA SECURITIES CO LTD SR UNSEC REGS 4.09% 02/18/2027 (1.3%). Corporate is its largest sector at 57.5%. The fund is domiciled in Ireland.
What is the expense ratio of MIST?
PIMCO US Dollar Short Maturity 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 £11.0M.
Is MIST a UCITS ETF, and why does that matter for Indian investors?
Yes. PIMCO US Dollar Short Maturity 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.
What tax do I pay in India when I sell MIST?
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.