London Stock Exchange ETF segment · UCITS ETF
Invest in TIPS ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg U.S. TIPS UCITS ETF (TIPS) units directly through Paasa.
By Paasa · Updated
TIPS at a glance
- Price
- $26.91-$0.05 (0.19%)
- Expense ratio
- 0.05%
- Day range
- $26.91 – $27.02
- Assets
- $329.6M
- Domicile
- Ireland
- Holdings
- 52
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -3.20%
- 6 months
- -5.81%
- YTD
- -8.06%
- 1 year
- -7.91%
- 5 years
- -22.96%
Price change, excluding dividends.
Top 10 holdings
- 1TSY INFL IX N/B 1.875 07/15/20353.6%
- 2TSY INFL IX N/B 1.25 04/15/20313.6%
- 3TSY INFL IX N/B 1.875 07/15/20343.4%
- 4TSY INFL IX N/B 1.125 10/15/20303.4%
- 5TSY INFL IX N/B 0.125 07/15/20313.3%
- 6TSY INFL IX N/B 0.25 07/15/20293.2%
- 7TSY INFL IX N/B 0.125 07/15/20303.1%
- 8TSY INFL IX N/B 0.625 07/15/20323.1%
- 9TSY INFL IX N/B 0.75 07/15/20283.1%
- 10TSY INFL IX N/B 2.375 10/15/20283.0%
TIPS holds 52 securities in total. These 10 are 33.1% of the fund.
Where the money is invested
Countries
- United States99.9%
- Other0.1%
How to invest in TIPS 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.
Step 3
Search TIPS and buy
Find the fund by its ticker, TIPS, on the London Stock Exchange ETF segment, and place your order.
Why invest in TIPS from India
What TIPS holds
This Fund is designed to replicate the investment results of the American market for government bonds linked to inflation. These securities are more commonly identified as Treasury Inflation Protected Securities, or "TIPS."
Outside US estate tax
TIPS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
TIPS is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 TIPS' UCITS structure matters for Indian investors
TIPS 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 TIPS from India?
Yes. Indian residents can buy State Street SPDR Bloomberg U.S. TIPS UCITS ETF (TIPS) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 TIPS invest in?
State Street SPDR Bloomberg U.S. TIPS UCITS ETF holds 52 securities. Its largest holdings are TSY INFL IX N/B 1.875 07/15/2035 (3.6%), TSY INFL IX N/B 1.25 04/15/2031 (3.6%) and TSY INFL IX N/B 1.875 07/15/2034 (3.4%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of TIPS?
State Street SPDR Bloomberg U.S. TIPS UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about $329.6M.
Is TIPS a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg U.S. TIPS 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 TIPS dividends taxed in India?
State Street SPDR Bloomberg U.S. TIPS 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 TIPS?
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 USD/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.