My current investments in Vested are in US Exchange based ETFs. If Vested does introduce UCITS ETFs, would I be liable for a capital gains tax for transfer from US based ETFs to Ireland or any europe country based UCITS ETFs? I would rather transfer the ETFs to IBKR directly if I’m being subject to capital Gains Tax because the brokerage is much lower and also the shares would be in my name in IBKR rather than a custodian which is what the case in Vested Finance is.
Just a thought - Why can’t you diversify across different platforms IBKR + Vested(DriveWealth) + ViewTrade (NSEIX/IndiaINXGlobal). Because each platform has its own pros/cons.
In ViewTrade website they officially mentioned, US Estate Tax is not applicable for indian residents (not sure in reality how they will handle it, time will decide this).
If I’m not mistaken, US stocks and ETFs which are traded in US exchanges are always in the ‘street name’ and not in the inverstor’s name (like India). It would be the case regardless of whether you invest through IBKR or any other platform. Secondly, if your investments are in US ETFs, you won’t be subjected to Indian capital Gains Taxes as long as you don’t sell the ETFs. If Vested introduces UCITS ETFs too, you can’t just convert US ETFs into UCITS ETFs. You’ll have to sell the US ETFs, if you wish, and then buy UCITS ETFs separately and selling those US ETFs would invite CGT in India, if you’re an Indian resident tax payer. Introduction of UCITS ETFs by Vested wouldn’t compel anyone to sell off US ETFs unless one wishes to do so. Besides, unless one’s US holdings exceed 60k USD, Estate Taxes wouldn’t apply. Even estate taxes apply only on death of the investor.
It would be really beneficial for Indian investors if you applied UCITS as soon as possible. Please don’t just tell us that you are working towards it — give us a date or at least an approximate timeline.
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Helpful. Thanks.
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Hi everyone, quick update - UCITs ETFs is being worked upon as a top priority
The initiative is overall part of our new global exchanges addition project which will include LSE, EU and HK/China. As of now the target for beta launch is July 2026. We will definitely keep everyone here posted
Thanks for the patience!
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Thank you Viram for the update. Looking forward to this.
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Thank you for the update. Looking forward to try it.
Wonderful! Looking forward to it.
When available, will it be possible to transfer UCITS ETFs from other brokers to Vested?
Also, what would be a ballpark of trade charges?
If it doesn’t happen in this July even after more than a year of follow ups, I am definitely moving away to IBKR along with many other friends instead of waiting indefinitely
We really appreciate your patience. The launch availability for newer markets, including UCITS, is being actively worked on, but the timeline may be adjusted due to final dependencies. We’ll share a clearer update as soon as we have confirmation for the beta to go live. This remains a top priority for the team, and we expect to have it available within the next 2 months.
It was March, then June and then July. Now, we are again talking about another 2 months
This is not good
One basic question to the community.
In vested, under “Global Funds” section I see some UCITS Funds that are Domiciled in Luxembourg. Won’t they help wrt estate tax ?
@Prakash_Spark_768 High expense plus these are managed funds, just like the MFs in India, and not an ETF. You can save on inheritance tax but lose on high expenses. I have been waiting for UCITS ETFs so that I can plan my investment accordingly.
Thanks @Ajay_Swift_992 and @Subhashish_Pulse_684 . Did not notice that.
Vested team,
Its July. Where are we on the enabling UCITS ETF ?
Is there an update on UCITS ETFs? It was planned to be launched in July. Now that we are in July, any date on which they will be launched?
Hi @Ritesh_Quantum_306 @Prakash_Spark_768
The launch availability for newer markets, including UCITS, is being actively worked on, but the timeline may be slightly adjusted due to a few remaining dependencies. We’ll share a clearer update as soon as possible and are working on this as a top priority to make the beta available soon. We expect to have this available in the next month, and will be adding you to the beta program once the ETFs are available on our platform.