London Stock Exchange ETF segment · UCITS ETF
Invest in UC93 ETF from India
Indian and foreign residents can buy UBS MSCI Switzerland 20/35 UCITS ETF hGBP (UC93) units directly through Paasa.
By Paasa · Updated
UC93 at a glance
- Price
- £33.18-£0.52 (1.54%)
- Expense ratio
- 0.23%
- Day range
- £33.17 – £33.39
- Assets
- £3.3B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -3.81%
- 6 months
- +8.54%
- YTD
- +8.51%
- 1 year
- +18.01%
- 5 years
- +45.72%
Price change, excluding dividends.
Top 10 holdings
- 1ROCHE HLDG PC PRP15.7%
- 2NOVARTIS AG-REG13.3%
- 3NESTLE SA-REG12.3%
- 4ABB LTD-REG7.9%
- 5UBS GROUP AG-REG7.6%
- 6CIE FINANCIERE RICHEMO-A REG5.7%
- 7ZURICH INSURANCE GROUP AG5.3%
- 8SWISS RE AG2.6%
- 9LONZA GROUP AG-REG2.4%
- 10HOLCIM LTD2.1%
These 10 are 74.9% of the fund.
Where the money is invested
Sectors
- Healthcare38.0%
- Financial Services20.8%
- Consumer Defensive13.4%
- Industrials12.5%
- Consumer Cyclical6.8%
- Basic Materials6.1%
Countries
- Switzerland99.9%
- Other0.1%
How to invest in UC93 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 UC93 and buy
Find the fund by its ticker, UC93, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC93 from India
What UC93 holds
This fund operates under a passive management strategy, with the primary objective of mirroring the price fluctuations and income generation of the MSCI Switzerland 20/35 hedged to GBP index. It achieves this by investing in the same large and mid-capitalization stocks that constitute the index, maintaining identical relative weightings for each component.
Outside US estate tax
UC93 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 UC93'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 UC93's UCITS structure matters for Indian investors
UC93 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 UC93 from India?
Yes. Indian residents can buy UBS MSCI Switzerland 20/35 UCITS ETF hGBP (UC93) 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 UC93 invest in?
Its largest holdings are ROCHE HLDG PC PRP (15.7%), NOVARTIS AG-REG (13.3%) and NESTLE SA-REG (12.3%). Healthcare is its largest sector at 38.0%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of UC93?
UBS MSCI Switzerland 20/35 UCITS ETF hGBP has an expense ratio of 0.23% a year, taken from the fund's assets rather than billed to you. The fund manages about £3.3B.
Is UC93 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI Switzerland 20/35 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 UC93 pay dividends?
No. UBS MSCI Switzerland 20/35 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 UC93?
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.