London Stock Exchange ETF segment · UCITS ETF
Invest in UC79 ETF from India
Indian and foreign residents can buy UBS MSCI EM Socially Responsible UCITS ETF dis (UC79) units directly through Paasa.
By Paasa · Updated
UC79 at a glance
- Price
- £17.78-£0.14 (0.78%)
- Expense ratio
- 0.24%
- Day range
- £17.76 – £17.91
- Assets
- £2.7B
- Domicile
- Luxembourg
- Holdings
- 240
- Launched
- 2014
- Dividends
- Distributing
- 1 month
- +1.98%
- 6 months
- +29.60%
- YTD
- +32.06%
- 1 year
- +42.09%
- 5 years
- +52.12%
Price change, excluding dividends.
Top 10 holdings
- 1MEDIATEK INC6.9%
- 2SK HYNIX INC6.2%
- 3TAIWAN SEMICONDUCTOR MANUFAC5.2%
- 4DELTA ELECTRONICS INC4.0%
- 5SK SQUARE CO LTD2.7%
- 6ASE TECHNOLOGY HOL TWD102.5%
- 7IND & COMM BK OF CHINA-H2.1%
- 8SAMSUNG ELECTRO-MECHANICS CO2.1%
- 9UNITED MICROELECTRONICS CORP1.9%
- 10XIAOMI CORP-CLASS B1.9%
UC79 holds 240 securities in total. These 10 are 35.6% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services21.2%
- Consumer Cyclical10.9%
- Communication Services8.2%
- Industrials6.0%
- Healthcare3.7%
Countries
- Taiwan (Province of China)34.2%
- Korea (the Republic of)19.5%
- China17.6%
- India7.9%
- South Africa7.5%
- Hong Kong3.0%
How to invest in UC79 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 UC79 and buy
Find the fund by its ticker, UC79, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC79 from India
What UC79 holds
The fund aims to track, before expenses, the price and income performance of the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Total Return Net Index.The fund invests in equities of the respective index.The fund is passively managed.
Outside US estate tax
UC79 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 UC79's UCITS structure matters for Indian investors
UC79 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 UC79 from India?
Yes. Indian residents can buy UBS MSCI EM Socially Responsible UCITS ETF dis (UC79) 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 UC79 invest in?
UBS MSCI EM Socially Responsible UCITS ETF dis holds 240 securities. Its largest holdings are MEDIATEK INC (6.9%), SK HYNIX INC (6.2%) and TAIWAN SEMICONDUCTOR MANUFAC (5.2%). Technology is its largest sector at 41.9%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UC79?
UBS MSCI EM Socially Responsible UCITS ETF dis has an expense ratio of 0.24% a year, taken from the fund's assets rather than billed to you. The fund manages about £2.7B.
Is UC79 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI EM Socially Responsible 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 UC79 dividends taxed in India?
UBS MSCI EM Socially Responsible 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 UC79?
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.