London Stock Exchange ETF segment · UCITS ETF
Invest in UC96 ETF from India
Indian and foreign residents can buy UBS Factor MSCI USA Prime Value Screened UCITS ETF dis (UC96) units directly through Paasa.
By Paasa · Updated
UC96 at a glance
- Price
- £31.04+£0.11 (0.36%)
- Expense ratio
- 0.25%
- Day range
- £31.04 – £31.04
- Assets
- £105.5M
- Domicile
- Ireland
- Holdings
- 131
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -2.31%
- 6 months
- +9.72%
- YTD
- +6.27%
- 1 year
- +11.86%
- 5 years
- +42.44%
Price change, excluding dividends.
Top 10 holdings
- 1MERCK & CO. INC.3.1%
- 2BERKSHIRE HATHAWAY INC-CL B3.0%
- 3APPLIED MATERIALS INC2.9%
- 4LAM RESEARCH CORP2.8%
- 5CISCO SYSTEMS INC2.5%
- 6CATERPILLAR INC2.4%
- 7PFIZER INC2.4%
- 8UNITEDHEALTH GROUP INC2.4%
- 9INTL BUSINESS MACHINES CORP2.4%
- 10WESTERN DIGITAL CORP2.3%
UC96 holds 131 securities in total. These 10 are 26.2% of the fund.
Where the money is invested
Sectors
- Technology26.9%
- Healthcare22.9%
- Financial Services20.1%
- Industrials13.8%
- Basic Materials4.0%
- Communication Services3.7%
Countries
- United States89.5%
- Ireland7.7%
- Switzerland1.8%
- Bermuda0.5%
- United Kingdom0.5%
- Other0.0%
How to invest in UC96 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 UC96 and buy
Find the fund by its ticker, UC96, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC96 from India
What UC96 holds
This fund primarily allocates capital to large and mid-sized American corporations that are constituents of the MSCI USA Prime Value Advanced Target Select Index. The portfolio's holdings are weighted proportionally to their representation within this benchmark index.
Outside US estate tax
UC96 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 UC96's UCITS structure matters for Indian investors
UC96 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 UC96 from India?
Yes. Indian residents can buy UBS Factor MSCI USA Prime Value Screened UCITS ETF dis (UC96) 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 UC96 invest in?
UBS Factor MSCI USA Prime Value Screened UCITS ETF dis holds 131 securities. Its largest holdings are MERCK & CO. INC. (3.1%), BERKSHIRE HATHAWAY INC-CL B (3.0%) and APPLIED MATERIALS INC (2.9%). Technology is its largest sector at 26.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of UC96?
UBS Factor MSCI USA Prime Value Screened UCITS ETF dis has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about £105.5M.
Is UC96 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Factor MSCI USA Prime Value Screened 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 UC96 dividends taxed in India?
UBS Factor MSCI USA Prime Value Screened 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 UC96?
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.