Invesco STOXX Europe 600 Optimised Banks UCITS ETF
Invesco STOXX Europe 600 Optimised Banks UCITS ETF (LSE: X7PP) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £214.78 (about ₹27,290 a unit) as of 29 Sep 2026, 11:29 AM ET. It has an expense ratio of 0.2%. Indian residents can buy X7PP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£214.78
Today's high
£217.90
52 week low
£148.62
52 week high
£221.25
X7PP opened at £216.90, closed previously at £216.28, and has traded between £148.62 and £221.25 over the past 52 weeks.
About
This Invesco ETF aims to replicate the net total return performance of its benchmark, the STOXX Europe 600 Optimised Banks Index (referred to as the "Reference Index"), after accounting for all charges. The Reference Index itself serves as a highly liquid gauge for investors interested in both long and short positions within the banking sector, specifically targeting constituents of the broader STOXX Europe 600 Banks Index. Its constituents hail from a diverse selection of 17 European nations, including Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. To achieve its investment objective, the fund primarily invests in a portfolio of equities. While this equity basket typically generates the majority of the fund's returns, it generally does not perfectly mirror the Reference Index's holdings. To bridge this performance gap, the ETF employs unfunded swap agreements with approved financial institutions. These contracts enable the fund to exchange with counterparties any disparity between the returns generated by its underlying equity basket and the performance of the Reference Index. This synthetic replication strategy is chosen to ensure a more precise and stable tracking of the Reference Index than could be achieved through direct physical replication alone. As a passively managed, index-tracking fund, this ETF is designed to mirror its benchmark. Investors acquire units in this fund, meaning they gain exposure to the index's performance indirectly, rather than owning the fund's underlying assets directly.
Key statistics
Expense ratio
0.2%
Assets (AUM)
£574.0M
Holdings
—
NAV
£21,681.53
Avg. volume
—
1-year price change
+38.16%
5-year price change
+277.00%
Price change excludes dividends.
Top 10 holdings
These 10 are 59.9% of the fund.
Where the money is invested
Countries
How to buy X7PP from India
Indian residents can buy X7PP 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 X7PP and buy
Find the fund by its ticker, X7PP, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in X7PP from India
Trading and taxes when buying X7PP 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 X7PP price today?
Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PP) last traded at £214.78 on the London Stock Exchange ETF segment, as of 29 Sep 2026, 11:29 AM ET. That is ₹27,290 a unit at the 29 Sep 2026 GBP/INR rate.
When does X7PP 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 X7PP, and what does it cost to hold?
Invesco STOXX Europe 600 Optimised Banks UCITS ETF manages about £574.0M. Its expense ratio is 0.2% a year, deducted inside the fund. It launched in 2009.
Is X7PP a UCITS ETF?
Yes. Invesco STOXX Europe 600 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 X7PP's largest holdings?
The top three are BANCO SANTANDER ORD (10.0%), HSBC HOLDINGS ORD (7.9%) and BANCO BILBAO VIZCAYA ARGENTARIA ORD (7.6%). X7PP's 10 largest positions make up 59.9% of the fund.
Is X7PP subject to US estate tax?
No. Because X7PP 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 X7PP?
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 X7PP 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 X7PP performed?
X7PP's price is up 38.2% over the past year and up 277.0% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is X7PP different from a US-listed ETF?
X7PP 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.