London Stock Exchange ETF segment · UCITS ETF
Invest in UC07 ETF from India
Indian and foreign residents can buy UBS MSCI USA Value UCITS ETF dis (UC07) units directly through Paasa.
By Paasa · Updated
UC07 at a glance
- Price
- £106.81-£0.02 (0.02%)
- Expense ratio
- 0.2%
- Day range
- £106.81 – £106.81
- Assets
- £593.9M
- Domicile
- Ireland
- Holdings
- 444
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- +1.69%
- 6 months
- +16.85%
- YTD
- +15.76%
- 1 year
- +18.54%
- 5 years
- +52.61%
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORPMSFT11.0%
- 2META PLATFORMS INC-CLASS AMETA5.1%
- 3MICRON TECHNOLOGY INCMU3.8%
- 4JPMORGAN CHASE & COJPM2.8%
- 5BERKSHIRE HATHAWAY INC-CL BBRK-B2.2%
- 6JOHNSON & JOHNSONJNJ2.0%
- 7INTEL CORPINTC1.7%
- 8ABBVIE INCABBV1.5%
- 9CISCO SYSTEMS INCCSCO1.3%
- 10CHEVRON CORPCVX1.2%
UC07 holds 444 securities in total. These 10 are 32.4% of the fund.
Where the money is invested
Sectors
- Technology24.6%
- Financial Services19.1%
- Healthcare13.2%
- Industrials9.1%
- Communication Services7.3%
- Consumer Defensive6.9%
Countries
- United States96.4%
- Ireland1.7%
- United Kingdom0.8%
- Switzerland0.6%
- Netherlands0.2%
- Bermuda0.1%
How to invest in UC07 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 UC07 and buy
Find the fund by its ticker, UC07, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC07 from India
What UC07 holds
This fund primarily invests in the equities comprising the MSCI USA Value Index, with its portfolio mirroring the relative weightings of the companies within that benchmark. The core objective of this passively managed vehicle is to duplicate the price movements and overall return generated by the MSCI USA Value Index, after accounting for its expenses.
Outside US estate tax
UC07 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 UC07's UCITS structure matters for Indian investors
UC07 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 UC07 from India?
Yes. Indian residents can buy UBS MSCI USA Value UCITS ETF dis (UC07) 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 UC07 invest in?
UBS MSCI USA Value UCITS ETF dis holds 444 securities. Its largest holdings are MICROSOFT CORP (11.0%), META PLATFORMS INC-CLASS A (5.1%) and MICRON TECHNOLOGY INC (3.8%). Technology is its largest sector at 24.6%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of UC07?
UBS MSCI USA Value 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 £593.9M.
Is UC07 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI USA Value 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 UC07 dividends taxed in India?
UBS MSCI USA Value 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 UC07?
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.