London Stock Exchange ETF segment · UCITS ETF
Invest in UB03 ETF from India
Indian and foreign residents can buy UBS FTSE 100 UCITS ETF dis (UB03) units directly through Paasa.
By Paasa · Updated
UB03 at a glance
- Price
- £96.11-£1.58 (1.61%)
- Expense ratio
- 0.2%
- Day range
- £96.11 – £96.83
- Assets
- £76.5M
- Domicile
- Luxembourg
- Holdings
- 97
- Launched
- 2001
- Dividends
- Distributing
- 1 month
- -3.47%
- 6 months
- +0.57%
- YTD
- +4.47%
- 1 year
- +10.55%
- 5 years
- +47.41%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS PLC10.6%
- 2SHELL PLC8.6%
- 3ASTRAZENECA PLC7.6%
- 4ROLLS-ROYCE HOLDINGS PLC5.2%
- 5UNILEVER PLC4.0%
- 6BP PLC3.6%
- 7BRITISH AMERICAN TOBACCO PLC3.5%
- 8GSK PLC3.1%
- 9RIO TINTO PLC3.1%
- 10LLOYDS BANKING GROUP PLC2.6%
UB03 holds 97 securities in total. These 10 are 51.8% of the fund.
Where the money is invested
Countries
- United Kingdom94.6%
- Switzerland2.5%
- Ireland1.2%
- Hong Kong0.9%
- Bermuda0.2%
- Mexico0.2%
How to invest in UB03 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 UB03 and buy
Find the fund by its ticker, UB03, on the London Stock Exchange ETF segment, and place your order.
Why invest in UB03 from India
What UB03 holds
This exchange-traded fund primarily allocates capital to equities of leading British corporations that are constituents of the FTSE 100 Index. The proportion of each company's shares held within the fund directly mirrors its weighting within the underlying index.
Outside US estate tax
UB03 is domiciled in Luxembourg, 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 UB03's UCITS structure matters for Indian investors
UB03 is domiciled in Luxembourg, 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 UB03 from India?
Yes. Indian residents can buy UBS FTSE 100 UCITS ETF dis (UB03) 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 UB03 invest in?
UBS FTSE 100 UCITS ETF dis holds 97 securities. Its largest holdings are HSBC HOLDINGS PLC (10.6%), SHELL PLC (8.6%) and ASTRAZENECA PLC (7.6%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UB03?
UBS FTSE 100 UCITS ETF dis has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about £76.5M.
Is UB03 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS FTSE 100 UCITS ETF dis is a UCITS fund domiciled in Luxembourg. 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 UB03 dividends taxed in India?
UBS FTSE 100 UCITS ETF dis 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 UB03?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are 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.