XETRA · UCITS ETF
Invest in OM3M ETF from India
Indian and foreign residents can buy iShares $ Treasury Bond 3-7yr UCITS ETF (OM3M) units directly through Paasa.
By Paasa · Updated
OM3M at a glance
- Price
- €4.08+€0.02 (0.47%)
- Expense ratio
- 0.07%
- Day range
- €4.06 – €4.08
- Assets
- €170.5M
- Domicile
- Ireland
- Holdings
- 87
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- +0.23%
- 6 months
- -1.94%
- YTD
- -2.88%
- 1 year
- -1.94%
- 5 years
- -12.65%
Price change, excluding dividends.
Top 10 holdings
- 1TREASURY NOTE 4.00% 02/28/2030 (TNOTE)2.1%
- 2TREASURY NOTE 3.88% 08/15/2033 (TNOTE)2.1%
- 3TREASURY NOTE 1.25% 08/15/2031 (TNOTE)2.0%
- 4TREASURY NOTE 4.13% 11/15/2032 (TNOTE)2.0%
- 5TREASURY NOTE 1.38% 11/15/2031 (TNOTE)1.9%
- 6TREASURY NOTE 0.88% 11/15/2030 (TNOTE)1.9%
- 7TREASURY NOTE 2.88% 05/15/2032 (TNOTE)1.9%
- 8TREASURY NOTE 3.38% 05/15/2033 (TNOTE)1.9%
- 9TREASURY NOTE 3.50% 02/15/2033 (TNOTE)1.9%
- 10TREASURY NOTE 1.63% 05/15/2031 (TNOTE)1.9%
OM3M holds 87 securities in total. These 10 are 19.5% of the fund.
Where the money is invested
Sectors
- Government99.9%
- Corporate0.0%
Countries
- United States99.9%
- Ireland0.0%
- United Kingdom0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CBU7LSEiShares $ Treasury Bond 3-7yr UCITS ETF | 0.07% | 8.0B |
| CBUEXETRAiShares $ Treasury Bond 3-7yr UCITS ETF | 0.1% | 1.1B |
Assets are shown in each fund's own reporting currency.
How to invest in OM3M 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 OM3M and buy
Find the fund by its ticker, OM3M, on XETRA, and place your order.
Why invest in OM3M from India
What OM3M holds
This exchange-traded fund endeavors to mirror the returns of an index consisting of government debt securities issued by the United States Treasury, all of which are denominated in US Dollars.
Outside US estate tax
OM3M 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 OM3M's UCITS structure matters for Indian investors
OM3M 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 OM3M from India?
Yes. Indian residents can buy iShares $ Treasury Bond 3-7yr UCITS ETF (OM3M) 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 OM3M invest in?
iShares $ Treasury Bond 3-7yr UCITS ETF holds 87 securities. Its largest holdings are TREASURY NOTE 4.00% 02/28/2030 (TNOTE) (2.1%), TREASURY NOTE 3.88% 08/15/2033 (TNOTE) (2.1%) and TREASURY NOTE 1.25% 08/15/2031 (TNOTE) (2.0%). Corporate is its largest sector at 0.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of OM3M?
iShares $ Treasury Bond 3-7yr UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about €170.5M.
Is OM3M a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Treasury Bond 3-7yr 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.
How are OM3M dividends taxed in India?
iShares $ Treasury Bond 3-7yr UCITS ETF 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 OM3M?
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 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.