London Stock Exchange ETF segment · UCITS ETF
Invest in UD06 ETF from India
Indian and foreign residents can buy UBS BBG Commodity CMCI SF UCITS ETF hGBP (UD06) units directly through Paasa.
By Paasa · Updated
UD06 at a glance
- Price
- £20.32+£0.20 (0.97%)
- Expense ratio
- 0.34%
- Day range
- £20.32 – £20.46
- Assets
- £1.4B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +0.15%
- 6 months
- +8.56%
- YTD
- +24.81%
- 1 year
- +34.03%
- 5 years
- +69.98%
Price change, excluding dividends.
Where the money is invested
Sectors
- Communication Services55.9%
- Technology16.1%
- Industrials7.2%
- Financial Services6.2%
- Consumer Cyclical5.2%
- Healthcare3.1%
How to invest in UD06 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 UD06 and buy
Find the fund by its ticker, UD06, on the London Stock Exchange ETF segment, and place your order.
Why invest in UD06 from India
What UD06 holds
The fund's primary objective is to mirror the performance of the UBS BCOM Constant Maturity Commodity Index, which is hedged to GBP for currency risk and incorporates total return. This is achieved synthetically through a swap agreement, rather than direct investment in physical assets.
Outside US estate tax
UD06 is domiciled in Ireland, 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 UD06'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 UD06's UCITS structure matters for Indian investors
UD06 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 UD06 from India?
Yes. Indian residents can buy UBS BBG Commodity CMCI SF UCITS ETF hGBP (UD06) 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 is the expense ratio of UD06?
UBS BBG Commodity CMCI SF UCITS ETF hGBP has an expense ratio of 0.34% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.4B.
Is UD06 a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS BBG Commodity CMCI SF UCITS ETF hGBP 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.
Does UD06 pay dividends?
No. UBS BBG Commodity CMCI SF 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 UD06?
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.