XETRA · UCITS ETF
Invest in SPF1 ETF from India
Indian and foreign residents can buy State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF (SPF1) units directly through Paasa.
By Paasa · Updated
SPF1 at a glance
- Price
- €52.86-€0.11 (0.20%)
- Expense ratio
- 0.55%
- Day range
- €52.75 – €52.97
- Assets
- €2.7B
- Domicile
- Ireland
- Holdings
- 357
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -2.69%
- 6 months
- +9.15%
- YTD
- +11.71%
- 1 year
- +16.51%
- 5 years
- +25.89%
Price change, excluding dividends.
Top 10 holdings
- 1ALIBABA GROUP HOLDING 0.5 06/01/20312.1%
- 2ECHOSTAR CORP 3.875 11/30/20301.8%
- 3PING AN INSURANCE GROUP 0.875 07/22/20291.6%
- 4Cash_USD1.4%
- 5GOLD POLE CAPITAL CO LTD 1 06/25/20291.1%
- 6CLOUDFLARE INC 0 06/15/20301.0%
- 7ALIBABA GROUP HOLDING 0 09/15/20320.9%
- 8DOORDASH INC 0 05/15/20300.8%
- 9WIWYNN CORP 0 04/01/20310.8%
- 10SNOWFLAKE INC 0 10/01/20290.8%
SPF1 holds 357 securities in total. These 10 are 12.3% of the fund.
Where the money is invested
Countries
- United States51.2%
- China10.2%
- Japan7.4%
- Taiwan4.3%
- Germany3.9%
- Hong Kong3.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GCVCSIXState Street SPDR FTSE Global Convertible Bond CHF Hdg UCITS ETF (Acc) | 0.55% | 2.6B |
| GCVGLSEState Street SPDR FTSE Global Convertible Bond GBP Hdg UCITS ETF (Inc) | 0.55% | 2.3B |
| SPF2XETRAState Street SPDR FTSE Global Convertible Bond USD Hdg UCITS ETF (Dist) | 0.55% | 3.1B |
Assets are shown in each fund's own reporting currency.
How to invest in SPF1 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 SPF1 and buy
Find the fund by its ticker, SPF1, on XETRA, and place your order.
Why invest in SPF1 from India
What SPF1 holds
This fund's purpose is to replicate the performance of the worldwide convertible bond market.
Outside US estate tax
SPF1 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from SPF1's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 SPF1's UCITS structure matters for Indian investors
SPF1 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 SPF1 from India?
Yes. Indian residents can buy State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF (SPF1) 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 SPF1 invest in?
State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF holds 357 securities. Its largest holdings are ALIBABA GROUP HOLDING 0.5 06/01/2031 (2.1%), ECHOSTAR CORP 3.875 11/30/2030 (1.8%) and PING AN INSURANCE GROUP 0.875 07/22/2029 (1.6%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of SPF1?
State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about €2.7B.
Is SPF1 a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR FTSE Global Convertible Bond Hdg 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.
Does SPF1 pay dividends?
No. State Street SPDR FTSE Global Convertible Bond Hdg UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell SPF1?
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.