London Stock Exchange ETF segment · UCITS ETF
Invest in PUIP ETF from India
Indian and foreign residents can buy Invesco IG Corporate Bond ESG Climate Transition UCITS ETF (PUIP) units directly through Paasa.
By Paasa · Updated
PUIP at a glance
- Price
- £31.19-£0.04 (0.14%)
- Expense ratio
- 0.12%
- Day range
- £31.19 – £31.19
- Assets
- £30.9M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -4.49%
- 6 months
- -5.24%
- YTD
- -7.31%
- 1 year
- -7.78%
- 5 years
- -23.61%
Price change, excluding dividends.
Top 10 holdings
- 1Goldman Sachs Group Inc/The VAR 24/02/330.3%
- 2HSBC Holdings PLC VAR 22/05/300.2%
- 3Cheniere Energy Inc 4.625% 15/10/280.2%
- 4Gilead Sciences Inc 4.75% 01/03/460.2%
- 5Gilead Sciences Inc 4.15% 01/03/470.2%
- 6Prudential Financial Inc VAR 15/03/540.2%
- 7Cigna Group/The 4.8% 15/08/380.2%
- 8MORGAN STANLEY VAR 09/01/300.2%
- 9American Tower Corp 3.8% 15/08/290.2%
- 10ONEOK LLC 6.625% 01/09/530.2%
These 10 are 2.3% of the fund.
Where the money is invested
Countries
- United States84.1%
- United Kingdom8.0%
- Canada2.2%
- Japan1.8%
- Netherlands1.0%
- Ireland0.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| PSFEXETRAInvesco EUR IG Corporate Bond ESG Climate Transition UCITS ETF | 0.1% | 450.8M |
| PUIGLSEInvesco USD IG Corporate Bond ESG Climate Transition UCITS ETF | 0.1% | 41.3M |
Assets are shown in each fund's own reporting currency.
How to invest in PUIP 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 PUIP and buy
Find the fund by its ticker, PUIP, on the London Stock Exchange ETF segment, and place your order.
Why invest in PUIP from India
What PUIP holds
The Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF, through its GBP Hedged Distributing share class, seeks to mirror the total return performance of the Bloomberg MSCI USD Liquid Corporate Climate Transition ESG Bond Index (CTB), after accounting for associated fees. Investors can expect income distributions on a quarterly basis.
Outside US estate tax
PUIP 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 PUIP's UCITS structure matters for Indian investors
PUIP 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 PUIP from India?
Yes. Indian residents can buy Invesco IG Corporate Bond ESG Climate Transition UCITS ETF (PUIP) 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 PUIP invest in?
Its largest holdings are Goldman Sachs Group Inc/The VAR 24/02/33 (0.3%), HSBC Holdings PLC VAR 22/05/30 (0.2%) and Cheniere Energy Inc 4.625% 15/10/28 (0.2%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of PUIP?
Invesco IG Corporate Bond ESG Climate Transition UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about £30.9M.
Is PUIP a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco IG Corporate Bond ESG Climate Transition 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 PUIP dividends taxed in India?
Invesco IG Corporate Bond ESG Climate Transition 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 PUIP?
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.