London Stock Exchange ETF segment · UCITS ETF
Invest in UC97 ETF from India
Indian and foreign residents can buy UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF dis (UC97) units directly through Paasa.
By Paasa · Updated
UC97 at a glance
- Price
- $13.94-$0.01 (0.09%)
- Expense ratio
- 0.13%
- Day range
- $13.92 – $13.94
- Assets
- $578.7M
- Domicile
- Luxembourg
- Holdings
- 439
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -2.67%
- 6 months
- -5.95%
- YTD
- -8.25%
- 1 year
- -7.58%
- 5 years
- -23.63%
Price change, excluding dividends.
Top 10 holdings
- 1SALESFORCE INC 5.55%/26-1503360.5%
- 2CRM 4.65 03/15/290.5%
- 3NVDA 4 1/2 06/15/310.5%
- 4ORCL 5.7 02/04/360.5%
- 5NVDA 4.95 06/15/360.4%
- 6WFC 5.15 04/23/310.4%
- 7ORCL 6.7 02/04/560.4%
- 8SALESFORCE INC 4.9%/26-1509310.4%
- 9CRM 6.55 03/15/560.4%
- 10BAC 5.045 02/06/370.4%
UC97 holds 439 securities in total. These 10 are 4.5% of the fund.
Where the money is invested
Countries
- United States98.8%
- Other0.9%
- Bermuda0.2%
- France0.1%
How to invest in UC97 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.
Step 3
Search UC97 and buy
Find the fund by its ticker, UC97, on the London Stock Exchange ETF segment, and place your order.
Why invest in UC97 from India
What UC97 holds
This fund is structured to mirror, before any charges, the capital growth and income generated by the Bloomberg MSCI US Liquid Corporates Sustainable Total Return Index. It accomplishes this by holding the debt instruments included in its benchmark, providing investors with access to highly-rated, U.S. dollar-denominated bonds from American companies spanning the financial, industrial, and utility industries.
Outside US estate tax
UC97 is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
UC97 is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 UC97's UCITS structure matters for Indian investors
UC97 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 UC97 from India?
Yes. Indian residents can buy UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF dis (UC97) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 UC97 invest in?
UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF dis holds 439 securities. Its largest holdings are SALESFORCE INC 5.55%/26-150336 (0.5%), CRM 4.65 03/15/29 (0.5%) and NVDA 4 1/2 06/15/31 (0.5%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of UC97?
UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF dis has an expense ratio of 0.13% a year, taken from the fund's assets rather than billed to you. The fund manages about $578.7M.
Is UC97 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS BBG MSCI US Liquid Corp Sustainable 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 UC97 dividends taxed in India?
UBS BBG MSCI US Liquid Corp Sustainable 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 UC97?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/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.