London Stock Exchange ETF segment · UCITS ETF
Invest in UC95 ETF from India
Indian and foreign residents can buy UBS Factor MSCI USA Low Volatility UCITS ETF dis (UC95) units directly through Paasa.
By Paasa · Updated
UC95 at a glance
- Price
- £24.86-£0.14 (0.55%)
- Expense ratio
- 0.18%
- Day range
- £24.86 – £24.86
- Assets
- £32.5M
- Domicile
- Ireland
- Holdings
- 177
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -4.51%
- 6 months
- -4.08%
- YTD
- -1.41%
- 1 year
- -2.07%
- 5 years
- +23.31%
Price change, excluding dividends.
Top 10 holdings
- 1COCA-COLA CO/THE1.4%
- 2VIVMARK RESIDENTIAL1.3%
- 3PROCTER & GAMBLE CO/THE1.2%
- 4BERKSHIRE HATHAWAY INC-CL B1.2%
- 5REPUBLIC SERVICES INC1.1%
- 6JOHNSON & JOHNSON1.1%
- 7LOEWS CORP1.1%
- 8QUEST DIAGNOSTICS INC1.1%
- 9LINDE PLC1.0%
- 10DUKE ENERGY CORP1.0%
UC95 holds 177 securities in total. These 10 are 11.6% of the fund.
Where the money is invested
Sectors
- Financial Services18.3%
- Utilities18.0%
- Industrials13.1%
- Consumer Defensive12.6%
- Healthcare9.4%
- Real Estate8.4%
Countries
- United States93.4%
- United Kingdom1.7%
- Switzerland1.5%
- Ireland1.3%
- Bermuda1.2%
- Canada0.9%
How to invest in UC95 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 UC95 and buy
Find the fund by its ticker, UC95, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC95 from India
What UC95 holds
This passively managed fund primarily invests in large and mid-capitalization U.S. equities that comprise the MSCI USA Select Dynamic 50% Risk Weighted index. Its portfolio is structured to mirror the weightings of these companies within the benchmark.
Outside US estate tax
UC95 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 UC95's UCITS structure matters for Indian investors
UC95 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 UC95 from India?
Yes. Indian residents can buy UBS Factor MSCI USA Low Volatility UCITS ETF dis (UC95) 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 UC95 invest in?
UBS Factor MSCI USA Low Volatility UCITS ETF dis holds 177 securities. Its largest holdings are COCA-COLA CO/THE (1.4%), VIVMARK RESIDENTIAL (1.3%) and PROCTER & GAMBLE CO/THE (1.2%). Financial Services is its largest sector at 18.3%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of UC95?
UBS Factor MSCI USA Low Volatility UCITS ETF dis has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about £32.5M.
Is UC95 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Factor MSCI USA Low Volatility 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 UC95 dividends taxed in India?
UBS Factor MSCI USA Low Volatility 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 UC95?
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.