XETRA · UCITS ETF
Invest in UBUM ETF from India
Indian and foreign residents can buy UBS S&P Dividend Aristocrats ESG Elite UCITS ETF dis (UBUM) units directly through Paasa.
By Paasa · Updated
UBUM at a glance
- Price
- €11.95+€0.04 (0.37%)
- Expense ratio
- 0.3%
- Day range
- €11.89 – €11.98
- Assets
- €239.3M
- Domicile
- Ireland
- Holdings
- 96
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- +6.60%
- 6 months
- +11.06%
- YTD
- +16.25%
- 1 year
- +21.20%
- 5 years
- +25.66%
Price change, excluding dividends.
Top 10 holdings
- 1LEGAL & GENERAL GROUP PLC2.1%
- 2BEST BUY CO INC1.9%
- 3TELEPERFORMANCE1.8%
- 4VERIZON COMMUNICATIONS INC1.7%
- 5PFIZER INC1.7%
- 6WILEY (JOHN) & SONS-CLASS A1.6%
- 7FRANKLIN TEMPLETON INC1.6%
- 8ENERGIZER HOLDINGS INC1.6%
- 9DNB BANK ASA1.6%
- 10TARGET CORP1.5%
UBUM holds 96 securities in total. These 10 are 17.2% of the fund.
Where the money is invested
Sectors
- Financial Services23.8%
- Industrials14.3%
- Healthcare13.0%
- Consumer Defensive10.2%
- Real Estate10.0%
- Communication Services8.3%
Countries
- United States25.1%
- Japan18.2%
- United Kingdom14.4%
- Canada10.1%
- Switzerland8.6%
- France3.8%
How to invest in UBUM 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 EUR when you buy.
Step 3
Search UBUM and buy
Find the fund by its ticker, UBUM, on XETRA, and place your order.
Why invest in UBUM from India
What UBUM holds
The primary objective of this fund is to precisely track the price movements and income generation of the S&P Developed ESG Elite Dividend Aristocrats Total Return Net Index, prior to the deduction of any expenses. To achieve this, the fund allocates its capital exclusively to the equity securities included in that specific index.
Outside US estate tax
UBUM is domiciled in Ireland, 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 UBUM's UCITS structure matters for Indian investors
UBUM is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy UBUM from India?
Yes. Indian residents can buy UBS S&P Dividend Aristocrats ESG Elite UCITS ETF dis (UBUM) through Paasa. It is listed on XETRA and trades in EUR. 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 UBUM invest in?
UBS S&P Dividend Aristocrats ESG Elite UCITS ETF dis holds 96 securities. Its largest holdings are LEGAL & GENERAL GROUP PLC (2.1%), BEST BUY CO INC (1.9%) and TELEPERFORMANCE (1.8%). Financial Services is its largest sector at 23.8%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of UBUM?
UBS S&P Dividend Aristocrats ESG Elite UCITS ETF dis has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €239.3M.
Is UBUM a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS S&P Dividend Aristocrats ESG Elite UCITS ETF dis 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. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
How are UBUM dividends taxed in India?
UBS S&P Dividend Aristocrats ESG Elite 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 UBUM?
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 EUR/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.