London Stock Exchange ETF segment · UCITS ETF
Invest in SUKC ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC) units directly through Paasa.
By Paasa · Updated
SUKC at a glance
- Price
- £28.73+£0.10 (0.35%)
- Expense ratio
- 0.2%
- Day range
- £28.65 – £28.73
- Assets
- £207.0M
- Domicile
- Ireland
- Holdings
- 468
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- -0.42%
- 6 months
- -0.35%
- YTD
- -3.27%
- 1 year
- -2.15%
- 5 years
- -5.80%
Price change, excluding dividends.
Top 10 holdings
- 1Cash_GBP1.7%
- 2BARCLAYS PLC 7.09 11/06/20290.6%
- 3BP CAPITAL MARKETS PLC 4.25 06/29/20490.6%
- 4BARCLAYS PLC 3.25 02/12/20270.6%
- 5BANK OF AMERICA CORP 7 07/31/20280.6%
- 6HSBC HOLDINGS PLC 6.8 09/14/20310.6%
- 7HSBC HOLDINGS PLC 8.201 11/16/20340.6%
- 8LLOYDS BANKING GROUP PLC 2.707 12/03/20350.6%
- 9BARCLAYS PLC 8.407 11/14/20320.5%
- 10BANK OF AMERICA CORP 1.667 06/02/20290.5%
SUKC holds 468 securities in total. These 10 are 6.8% of the fund.
Where the money is invested
Countries
- United Kingdom39.2%
- United States21.5%
- France9.8%
- Netherlands7.3%
- Spain3.5%
- Canada3.4%
How to invest in SUKC 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 SUKC and buy
Find the fund by its ticker, SUKC, on the London Stock Exchange ETF segment, and place your order.
Why invest in SUKC from India
What SUKC holds
The primary aim of this fund is to mirror the performance of a particular segment of the corporate bond market. It concentrates on short-term debt issued by investment-grade companies, where the interest payments are fixed and the bonds are denominated in British Pounds.
Outside US estate tax
SUKC 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 SUKC's UCITS structure matters for Indian investors
SUKC 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 SUKC from India?
Yes. Indian residents can buy State Street SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC) 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 SUKC invest in?
State Street SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF holds 468 securities. Its largest holdings are Cash_GBP (1.7%), BARCLAYS PLC 7.09 11/06/2029 (0.6%) and BP CAPITAL MARKETS PLC 4.25 06/29/2049 (0.6%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of SUKC?
State Street SPDR Bloomberg 0-5 Year Sterling 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 £207.0M.
Is SUKC a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg 0-5 Year Sterling 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 SUKC dividends taxed in India?
State Street SPDR Bloomberg 0-5 Year Sterling 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 SUKC?
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.