London Stock Exchange ETF segment · UCITS ETF
Invest in UBTS ETF from India
Indian and foreign residents can buy UBS Core BBG TIPS 1-10 UCITS ETF dis (UBTS) units directly through Paasa.
By Paasa · Updated
UBTS at a glance
- Price
- £8.62+£0.05 (0.58%)
- Expense ratio
- 0.08%
- Day range
- £8.58 – £8.62
- Assets
- £1.3B
- Domicile
- Luxembourg
- Holdings
- 33
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- +0.44%
- 6 months
- -3.63%
- YTD
- -4.10%
- 1 year
- -3.86%
- 5 years
- -13.45%
Price change, excluding dividends.
Top 10 holdings
- 1TII 2 1/8 01/15/355.6%
- 2TII 1 7/8 07/15/345.3%
- 3TII 1 3/4 01/15/345.1%
- 4TII 1 1/8 01/15/334.9%
- 5TII 1 5/8 04/15/304.8%
- 6TII 1 5/8 10/15/294.8%
- 7TII 0 5/8 07/15/324.7%
- 8TII 1 3/8 07/15/334.7%
- 9TII 2 1/8 04/15/294.6%
- 10TII 2 3/8 10/15/284.6%
UBTS 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 UBTS 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 UBTS and buy
Find the fund by its ticker, UBTS, on the London Stock Exchange ETF segment, and place your order.
Why invest in UBTS from India
What UBTS holds
The UBS Core BBG TIPS 1-10 UCITS ETF sub-fund aims to track, before expenses, the price and income performance of the Bloomberg US Government 1-10 Year Inflation-Linked Bond Index (Total Return) (this sub-fund's Index).
Outside US estate tax
UBTS 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 UBTS' UCITS structure matters for Indian investors
UBTS 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 UBTS from India?
Yes. Indian residents can buy UBS Core BBG TIPS 1-10 UCITS ETF dis (UBTS) 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 UBTS invest in?
UBS Core BBG TIPS 1-10 UCITS ETF dis holds 33 securities. Its largest holdings are TII 2 1/8 01/15/35 (5.6%), TII 1 7/8 07/15/34 (5.3%) and TII 1 3/4 01/15/34 (5.1%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UBTS?
UBS Core BBG TIPS 1-10 UCITS ETF dis has an expense ratio of 0.08% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.3B.
Is UBTS a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Core BBG TIPS 1-10 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 UBTS dividends taxed in India?
UBS Core BBG TIPS 1-10 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 UBTS?
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.