London Stock Exchange ETF segment · UCITS ETF
Invest in U03A ETF from India
Indian and foreign residents can buy iShares $ Treasury Bond 0-3 Month UCITS ETF (U03A) units directly through Paasa.
By Paasa · Updated
U03A at a glance
- Price
- $108.54+$0.00 (0.02%)
- Expense ratio
- 0.07%
- Day range
- $108.52 – $108.56
- Assets
- $1.9B
- Domicile
- Ireland
- Holdings
- 25
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- +0.28%
- 6 months
- +1.86%
- YTD
- +2.68%
- 1 year
- +3.79%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TREASURY BILL 10/08/2026 (TBILL)10.4%
- 2BLK ICS USD LIQ AGENCY DIS9.9%
- 3TREASURY BILL 10/29/2026 (TBILL)9.7%
- 4TREASURY BILL 10/22/2026 (TBILL)8.7%
- 5TREASURY BILL 10/01/2026 (TBILL)6.5%
- 6TREASURY BILL 12/03/2026 (TBILL)6.3%
- 7TREASURY BILL 11/05/2026 (TBILL)6.2%
- 8TREASURY BILL 10/20/2026 (TBILL)5.8%
- 9TREASURY BILL 10/13/2026 (TBILL)5.7%
- 10TREASURY BILL 11/12/2026 (TBILL)5.6%
U03A holds 25 securities in total. These 10 are 74.9% of the fund.
Where the money is invested
Sectors
- Government90.5%
Countries
- United States90.1%
- Ireland9.9%
How to invest in U03A 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 U03A and buy
Find the fund by its ticker, U03A, on the London Stock Exchange ETF segment, and place your order.
Why invest in U03A from India
What U03A holds
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the ICE 0-3 Month US Treasury Securities Index.
Outside US estate tax
U03A 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 U03A's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
U03A 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 U03A's UCITS structure matters for Indian investors
U03A 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 U03A from India?
Yes. Indian residents can buy iShares $ Treasury Bond 0-3 Month UCITS ETF (U03A) 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 U03A invest in?
iShares $ Treasury Bond 0-3 Month UCITS ETF holds 25 securities. Its largest holdings are TREASURY BILL 10/08/2026 (TBILL) (10.4%), BLK ICS USD LIQ AGENCY DIS (9.9%) and TREASURY BILL 10/29/2026 (TBILL) (9.7%). Government is its largest sector at 90.5%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of U03A?
iShares $ Treasury Bond 0-3 Month UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.9B.
Is U03A a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Treasury Bond 0-3 Month 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 U03A pay dividends?
No. iShares $ Treasury Bond 0-3 Month 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 U03A?
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.