Invesco EURO STOXX Optimised Banks UCITS ETF
Invesco EURO STOXX Optimised Banks UCITS ETF (LSE: S7XP) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £209.03 (about ₹26,524 a unit) as of 28 Sep 2026, 7:01 AM ET. It has an expense ratio of 0.3%. Indian residents can buy S7XP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£208.91
Today's high
£209.58
52 week low
£144.99
52 week high
£214.05
S7XP opened at £209.58, closed previously at £209.85, and has traded between £144.99 and £214.05 over the past 52 weeks.
About
The Invesco EURO STOXX Optimised Banks UCITS ETF Acc aims to mirror the net total return performance of its benchmark, the EURO STOXX Optimised Banks Index, after accounting for all fees. This benchmark index serves as an effective instrument for investors seeking to track Eurozone banking sector companies that demonstrate superior liquidity for both buy and sell transactions. The fund achieves its objective by holding a collection of stocks, which, while forming the primary source of its returns, usually differs from the actual components of the benchmark index. To ensure a more precise and stable alignment with the benchmark's performance than traditional physical replication would permit, the fund also employs unfunded swap contracts. These agreements involve approved financial institutions exchanging with the fund any discrepancies between the benchmark's returns and those generated by its equity portfolio. This ETF operates under a passive management strategy, meaning an investment represents ownership of units in an index-tracking vehicle, not direct possession of the underlying securities it holds.
Key statistics
Expense ratio
0.3%
Assets (AUM)
£176.3M
Holdings
—
NAV
£20,995.13
Avg. volume
—
1-year price change
+35.74%
5-year price change
+298.99%
Price change excludes dividends.
Top 10 holdings
These 10 are 74.0% of the fund.
Where the money is invested
Countries
How to buy S7XP from India
Indian residents can buy S7XP 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 S7XP and buy
Find the fund by its ticker, S7XP, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in S7XP from India
Trading and taxes when buying S7XP 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 S7XP price today?
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP) last traded at £209.03 on the London Stock Exchange ETF segment, as of 28 Sep 2026, 7:01 AM ET. That is ₹26,524 a unit at the 27 Sep 2026 GBP/INR rate.
When does S7XP 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 S7XP, and what does it cost to hold?
Invesco EURO STOXX Optimised Banks UCITS ETF manages about £176.3M. Its expense ratio is 0.3% a year, deducted inside the fund. It launched in 2011.
Is S7XP a UCITS ETF?
Yes. Invesco EURO STOXX Optimised Banks 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 S7XP's largest holdings?
The top three are BANCO SANTANDER ORD (11.7%), UNICREDIT ORD (10.9%) and BANCO BILBAO VIZCAYA ARGENTARIA ORD (9.1%). S7XP's 10 largest positions make up 74.0% of the fund.
Is S7XP subject to US estate tax?
No. Because S7XP 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 S7XP?
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 S7XP 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 S7XP performed?
S7XP's price is up 35.7% over the past year and up 299.0% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is S7XP different from a US-listed ETF?
S7XP 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.