London Stock Exchange ETF segment · UCITS ETF
Invest in UC94 ETF from India
Indian and foreign residents can buy UBS MSCI Switzerland 20/35 UCITS ETF hGBP dis (UC94) units directly through Paasa.
By Paasa · Updated
UC94 at a glance
- Price
- £27.26-£0.47 (1.69%)
- Expense ratio
- 0.23%
- Day range
- £27.26 – £27.44
- Assets
- £3.3B
- Domicile
- Luxembourg
- Holdings
- 45
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -4.00%
- 6 months
- +6.90%
- YTD
- +6.85%
- 1 year
- +16.40%
- 5 years
- +34.08%
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%
UC94 holds 45 securities in total. 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
- Switzerland100.0%
- Other0.0%
How to invest in UC94 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 UC94 and buy
Find the fund by its ticker, UC94, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC94 from India
What UC94 holds
This passively managed fund aims to replicate the price and yield performance of the MSCI Switzerland 20/35 hedged to GBP index. It achieves this by investing in large and mid-capitalization Swiss equities that are constituents of the benchmark.
Outside US estate tax
UC94 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 UC94's UCITS structure matters for Indian investors
UC94 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 UC94 from India?
Yes. Indian residents can buy UBS MSCI Switzerland 20/35 UCITS ETF hGBP dis (UC94) 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 UC94 invest in?
UBS MSCI Switzerland 20/35 UCITS ETF hGBP dis holds 45 securities. 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 a distributing fund domiciled in Luxembourg.
What is the expense ratio of UC94?
UBS MSCI Switzerland 20/35 UCITS ETF hGBP dis 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 UC94 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS MSCI Switzerland 20/35 UCITS ETF hGBP 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 UC94 dividends taxed in India?
UBS MSCI Switzerland 20/35 UCITS ETF hGBP 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 UC94?
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.