London Stock Exchange ETF segment · UCITS ETF
Invest in UKRE ETF from India
Indian and foreign residents can buy iShares MSCI Target UK Real Estate UCITS ETF (UKRE) units directly through Paasa.
By Paasa · Updated
UKRE at a glance
- Price
- £3.63-£0.01 (0.16%)
- Expense ratio
- 0.4%
- Day range
- £3.63 – £3.67
- Assets
- £145.0M
- Domicile
- Ireland
- Holdings
- 25
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -3.22%
- 6 months
- +4.55%
- YTD
- -1.65%
- 1 year
- +0.22%
- 5 years
- -31.46%
Price change, excluding dividends.
Top 10 holdings
- 1SEGRO REIT PLC14.2%
- 2UK I/L GILT RegS8.2%
- 3UK I/L GILT RegS7.4%
- 4UK I/L GILT RegS7.1%
- 5UK I/L GILT RegS7.0%
- 6UK I/L GILT RegS6.4%
- 7LONDONMETRIC PROPERTY REIT PLC6.2%
- 8LAND SECURITIES GROUP REIT PLC5.9%
- 9TRITAX BIG BOX REIT PLC4.6%
- 10UK I/L GILT RegS4.4%
UKRE holds 25 securities in total. These 10 are 71.5% of the fund.
Where the money is invested
Countries
- United Kingdom97.1%
- Guernsey1.9%
- Switzerland0.8%
- Other0.1%
- Ireland0.1%
- United States0.0%
How to invest in UKRE 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 UKRE and buy
Find the fund by its ticker, UKRE, on the London Stock Exchange ETF segment, and place your order.
Why invest in UKRE from India
What UKRE holds
This Fund's primary objective is to replicate the investment performance of a specific benchmark index. This index comprises a diversified portfolio of United Kingdom Real Estate Investment Trusts (REITs), companies operating within the UK property sector, and highly liquid fixed income instruments.
Outside US estate tax
UKRE 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 UKRE's UCITS structure matters for Indian investors
UKRE 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 UKRE from India?
Yes. Indian residents can buy iShares MSCI Target UK Real Estate UCITS ETF (UKRE) 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 UKRE invest in?
iShares MSCI Target UK Real Estate UCITS ETF holds 25 securities. Its largest holdings are SEGRO REIT PLC (14.2%), UK I/L GILT RegS (8.2%) and UK I/L GILT RegS (7.4%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of UKRE?
iShares MSCI Target UK Real Estate UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about £145.0M.
Is UKRE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Target UK Real Estate UCITS ETF 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 UKRE dividends taxed in India?
iShares MSCI Target UK Real Estate UCITS ETF 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 UKRE?
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.