XETRA · UCITS ETF
Invest in SYBV ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (SYBV) units directly through Paasa.
By Paasa · Updated
SYBV at a glance
- Price
- €20.90-€0.02 (0.08%)
- Expense ratio
- 0.15%
- Day range
- €20.73 – €20.90
- Assets
- €132.7M
- Domicile
- Ireland
- Holdings
- 185
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -3.26%
- 6 months
- -8.43%
- YTD
- -9.50%
- 1 year
- -10.05%
- 5 years
- -40.33%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE (GOVT OF) 4.5 04/25/20411.8%
- 2BUNDESREPUB. DEUTSCHLAND 2.5 07/04/20441.5%
- 3BUNDESREPUB. DEUTSCHLAND 2.9 08/15/20561.5%
- 4BUNDESREPUB. DEUTSCHLAND 1.25 08/15/20481.4%
- 5BUONI POLIENNALI DEL TES 4 02/01/20371.4%
- 6BUNDESREPUB. DEUTSCHLAND 2.5 08/15/20461.3%
- 7BUNDESREPUB. DEUTSCHLAND 1.8 08/15/20531.3%
- 8FRANCE (GOVT OF) 1.75 06/25/20391.3%
- 9BONOS Y OBLIG DEL ESTADO 4.7 07/30/20411.3%
- 10BUNDESREPUB. DEUTSCHLAND 2.5 08/15/20541.3%
SYBV holds 185 securities in total. These 10 are 14.2% of the fund.
Where the money is invested
Countries
- France22.4%
- Italy20.1%
- Germany18.3%
- Spain14.9%
- Netherlands6.0%
- Belgium5.8%
How to invest in SYBV 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 SYBV and buy
Find the fund by its ticker, SYBV, on XETRA, and place your order.
Why invest in SYBV from India
What SYBV holds
This Fund's primary objective is to replicate the performance of the Eurozone's long-maturity sovereign debt market.
Outside US estate tax
SYBV 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 SYBV's UCITS structure matters for Indian investors
SYBV 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 SYBV from India?
Yes. Indian residents can buy State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (SYBV) 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 SYBV invest in?
State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF holds 185 securities. Its largest holdings are FRANCE (GOVT OF) 4.5 04/25/2041 (1.8%), BUNDESREPUB. DEUTSCHLAND 2.5 07/04/2044 (1.5%) and BUNDESREPUB. DEUTSCHLAND 2.9 08/15/2056 (1.5%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of SYBV?
State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €132.7M.
Is SYBV a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg 10+ Year Euro Government 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 SYBV dividends taxed in India?
State Street SPDR Bloomberg 10+ Year Euro Government 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 SYBV?
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.