Invesco MSCI Saudi Arabia UCITS ETF
Invesco MSCI Saudi Arabia UCITS ETF (LSE: MSAP) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £21.91 (about ₹2,789 a unit) as of 2 Oct 2026, 11:25 AM ET. It has an expense ratio of 0.5%. Indian residents can buy MSAP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£21.88
Today's high
£22.14
52 week low
£20.30
52 week high
£30.77
MSAP opened at £21.94, closed previously at £21.89, and has traded between £20.30 and £30.77 over the past 52 weeks.
About
The Invesco MSCI Saudi Arabia UCITS ETF Acc endeavors to match the net total return performance of the MSCI Saudi Arabia 20/35 Capped Index, factoring in its operational expenses. This benchmark is designed to measure the performance of the Saudi Arabian stock market, encompassing a wide range of large and mid-sized companies that together account for approximately 85% of the market's free-float adjusted capitalization. To achieve this, the fund primarily invests in a portfolio of equities. While these physical holdings generate the bulk of the fund's returns, they typically do not precisely mirror the index's constituents. Therefore, the ETF also utilizes unfunded swap contracts with vetted financial institutions. These agreements involve exchanging any difference between the index's returns and the performance of the fund's equity basket, which allows for a more accurate and consistent tracking outcome than would be possible through direct stock ownership alone. This ETF operates under a passive management strategy, meaning an investment represents ownership of units within the fund, rather than direct stakes in the underlying securities it holds.
Key statistics
Expense ratio
0.5%
Assets (AUM)
£35.8M
Holdings
—
NAV
£2,201.01
Avg. volume
514.00
1-year price change
-3.62%
5-year price change
+2.17%
Price change excludes dividends.
Top 10 holdings
These 10 are 73.4% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy MSAP from India
Indian residents can buy MSAP units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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.
Search MSAP and buy
Find the fund by its ticker, MSAP, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in MSAP from India
Trading and taxes when buying MSAP from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the MSAP price today?
Invesco MSCI Saudi Arabia UCITS ETF (MSAP) last traded at £21.91 on the London Stock Exchange ETF segment, as of 2 Oct 2026, 11:25 AM ET. That is ₹2,789 a unit at the 1 Oct 2026 GBP/INR rate.
When does MSAP trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is MSAP, and what does it cost to hold?
Invesco MSCI Saudi Arabia UCITS ETF manages about £35.8M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2018.
Is MSAP a UCITS ETF?
Yes. Invesco MSCI Saudi Arabia UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in GBP.
What are MSAP's largest holdings?
The top three are AL RAJHI BANK ORD (16.7%), SAUDI ARABIAN OIL ORD (14.1%) and THE SAUDI NATIONAL BANK ORD (10.8%). MSAP's 10 largest positions make up 73.4% of the fund.
Is MSAP subject to US estate tax?
No. Because MSAP is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are US dividends taxed inside MSAP?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on MSAP taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has MSAP performed?
MSAP's price is down 3.6% over the past year and up 2.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is MSAP different from a US-listed ETF?
MSAP is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.