London Stock Exchange ETF segment · UCITS ETF
Invest in USDC ETF from India
Indian and foreign residents can buy Legal & General UCITS ETF Plc - Corp.Bond Scre UCITS ETF (USDC) units directly through Paasa.
By Paasa · Updated
USDC at a glance
- Price
- $8.24+$0.01 (0.18%)
- Expense ratio
- 0.09%
- Day range
- $8.24 – $8.29
- Assets
- $70.3M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -2.18%
- 6 months
- -4.78%
- YTD
- -7.04%
- 1 year
- -6.30%
- 5 years
- -16.89%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FI 2.341 19JAN28 FRN0.4%
- 2U S BK NATL ASSN 4.507 22OCT27 FRN0.4%
- 3CITIBANK N A 4.576 29MAY270.4%
- 4AUSTRALIA + NEW ZEALA 4.615 16DEC290.4%
- 5ANTERO RES CORP 5.375 01MAR30 144A0.4%
- 6CREDIT AGRIC 5.862 09JAN36 144A FRN0.3%
- 7BB+T BRH BKG + TR 4.632 17SEP29 FRN0.3%
- 8NATIONAL AUS 3.933 02AUG34 144A FRN0.3%
- 9BPCE S A MEDIUM TE 2.7 01OCT29 144A0.3%
- 10BANQUE FEDERATIV 5.106 15JAN36 144A0.3%
These 10 are 3.6% of the fund.
Where the money is invested
Countries
- United States99.0%
- Other1.0%
How to invest in USDC 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 USDC and buy
Find the fund by its ticker, USDC, on the London Stock Exchange ETF segment, and place your order.
Why invest in USDC from India
What USDC holds
The L&G USD Corporate Bond Screened UCITS ETF is structured to replicate the financial performance of the J.P. Morgan Global Credit Index (GCI) ESG Investment Grade USD Custom Maturity Index.
Outside US estate tax
USDC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
USDC 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 USDC's UCITS structure matters for Indian investors
USDC is domiciled in Ireland, 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 USDC from India?
Yes. Indian residents can buy Legal & General UCITS ETF Plc - Corp.Bond Scre UCITS ETF (USDC) 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 USDC invest in?
Its largest holdings are MITSUBISHI UFJ FI 2.341 19JAN28 FRN (0.4%), U S BK NATL ASSN 4.507 22OCT27 FRN (0.4%) and CITIBANK N A 4.576 29MAY27 (0.4%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of USDC?
Legal & General UCITS ETF Plc - Corp.Bond Scre UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about $70.3M.
Is USDC a UCITS ETF, and why does that matter for Indian investors?
Yes. Legal & General UCITS ETF Plc - Corp.Bond Scre 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.
How are USDC dividends taxed in India?
Legal & General UCITS ETF Plc - Corp.Bond Scre 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 USDC?
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.