London Stock Exchange ETF segment · UCITS ETF
Invest in SEUC ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF (SEUC) units directly through Paasa.
By Paasa · Updated
SEUC at a glance
- Price
- €29.62+€0.03 (0.10%)
- Expense ratio
- 0.2%
- Day range
- €29.58 – €29.62
- Assets
- €611.7M
- Domicile
- Ireland
- Holdings
- 1,615
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -0.12%
- 6 months
- -0.55%
- YTD
- -2.16%
- 1 year
- -1.64%
- 5 years
- -1.94%
Price change, excluding dividends.
Top 10 holdings
- 1Cash_EUR0.2%
- 2ANHEUSER-BUSCH INBEV SA/ 2 03/17/20280.2%
- 3AXA SA 3.25 05/28/20490.2%
- 4VOLKSWAGEN INTL FIN NV 1.875 03/30/20270.2%
- 5JPMORGAN CHASE & CO 1.963 03/23/20300.2%
- 6GOLDMAN SACHS GROUP INC 2.743 02/17/20290.2%
- 7MORGAN STANLEY 4.656 03/02/20290.2%
- 8VOLKSWAGEN INTL FIN NV 3.875 06/29/20490.2%
- 9JPMORGAN CHASE & CO 1.638 05/18/20280.2%
- 10CREDIT AGRICOLE SA 2.625 03/17/20270.2%
SEUC holds 1,615 securities in total. These 10 are 1.8% of the fund.
Where the money is invested
Sectors
- Corporate94.8%
Countries
- France18.1%
- Netherlands14.5%
- United States14.4%
- Germany7.5%
- United Kingdom7.2%
- Spain6.2%
How to invest in SEUC 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 SEUC and buy
Find the fund by its ticker, SEUC, on the London Stock Exchange ETF segment, and place your order.
Why invest in SEUC from India
What SEUC holds
This fund aims to replicate the returns generated by the market for Euro-denominated corporate bonds. It specifically focuses on instruments with short maturities, fixed interest rates, and an investment-grade credit rating.
Outside US estate tax
SEUC 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 SEUC's UCITS structure matters for Indian investors
SEUC 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 SEUC from India?
Yes. Indian residents can buy State Street SPDR Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF (SEUC) through Paasa. It is listed on the London Stock Exchange ETF segment 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 SEUC invest in?
State Street SPDR Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF holds 1,615 securities. Its largest holdings are Cash_EUR (0.2%), ANHEUSER-BUSCH INBEV SA/ 2 03/17/2028 (0.2%) and AXA SA 3.25 05/28/2049 (0.2%). Corporate is its largest sector at 94.8%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of SEUC?
State Street SPDR Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €611.7M.
Is SEUC a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg 0-3 Year Euro Corporate Bond 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 SEUC dividends taxed in India?
State Street SPDR Bloomberg 0-3 Year Euro Corporate Bond 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 SEUC?
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.