London Stock Exchange ETF segment · UCITS ETF
Invest in UBTP ETF from India
Indian and foreign residents can buy UBS Core BBG TIPS 1-10 UCITS ETF hGBP (UBTP) units directly through Paasa.
By Paasa · Updated
UBTP at a glance
- Price
- £15.66-£0.01 (0.08%)
- Expense ratio
- 0.11%
- Day range
- £15.65 – £15.67
- Assets
- £1.3B
- Domicile
- Luxembourg
- Holdings
- 33
- Launched
- 2016
- Dividends
- Accumulating
- 1 month
- -2.57%
- 6 months
- -1.31%
- YTD
- -1.12%
- 1 year
- -0.68%
- 5 years
- +4.26%
Price change, excluding dividends.
Top 10 holdings
- 1TII 2 1/8 01/15/355.7%
- 2TII 1 7/8 07/15/345.3%
- 3TII 1 3/4 01/15/345.1%
- 4TII 1 5/8 04/15/304.9%
- 5TII 1 1/8 01/15/334.8%
- 6TII 1 5/8 10/15/294.7%
- 7TII 1 3/8 07/15/334.7%
- 8TII 0 5/8 07/15/324.7%
- 9TII 2 3/8 10/15/284.6%
- 10TII 2 1/8 04/15/294.6%
UBTP holds 33 securities in total. These 10 are 49.1% of the fund.
Where the money is invested
Countries
- United States100.0%
- Other0.1%
How to invest in UBTP 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 UBTP and buy
Find the fund by its ticker, UBTP, on the London Stock Exchange ETF segment, and place your order.
Why invest in UBTP from India
What UBTP holds
This fund's primary objective is to replicate, prior to any expenses, the price performance and income generation of its underlying benchmark. This benchmark is specifically the Bloomberg US Government 1-10 Year Inflation-Linked Bond Index, which is currency-hedged to British Pounds (GBP).
Outside US estate tax
UBTP is domiciled in Luxembourg, 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 UBTP's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 UBTP's UCITS structure matters for Indian investors
UBTP 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 UBTP from India?
Yes. Indian residents can buy UBS Core BBG TIPS 1-10 UCITS ETF hGBP (UBTP) 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 UBTP invest in?
UBS Core BBG TIPS 1-10 UCITS ETF hGBP holds 33 securities. Its largest holdings are TII 2 1/8 01/15/35 (5.7%), TII 1 7/8 07/15/34 (5.3%) and TII 1 3/4 01/15/34 (5.1%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of UBTP?
UBS Core BBG TIPS 1-10 UCITS ETF hGBP has an expense ratio of 0.11% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.3B.
Is UBTP a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Core BBG TIPS 1-10 UCITS ETF hGBP 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.
Does UBTP pay dividends?
No. UBS Core BBG TIPS 1-10 UCITS ETF hGBP 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 UBTP?
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.