Invesco Industrials S&P US Select Sector UCITS ETF
Invesco Industrials S&P US Select Sector UCITS ETF (LSE: XLIP) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £713.25 (about ₹90,810 a unit) as of 2 Oct 2026, 11:20 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLIP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£711.02
Today's high
£716.14
52 week low
£621.90
52 week high
£780.50
XLIP opened at £716.14, closed previously at £702.45, and has traded between £621.90 and £780.50 over the past 52 weeks.
About
The Invesco Industrials S&P US Select Sector UCITS ETF Acc seeks to mirror the net total returns of the S&P Select Sector Capped 20% Industrials Index (referred to as the “Reference Index”), net of its operational costs. This Reference Index comprises industrial sector companies sourced from the S&P 500 Index. Individual constituents are weighted based on their free-float market capitalization, with a 19% cap on any single holding; any excess weight is reallocated among the remaining uncapped components. To achieve its objective, the fund primarily invests in a portfolio of equities. While this portfolio generates most of the fund's returns, its composition typically differs from the exact holdings of the Reference Index. This approach is augmented by the use of unfunded swap agreements. These are financial instruments where approved counterparties agree to exchange the performance difference between the fund's underlying equity basket and the Reference Index. This synthetic element is designed to ensure more precise and consistent tracking of the Reference Index than could be achieved through a purely physical replication strategy. Notably, although the fund's primary goal is to replicate the standard net total return index, its swap agreements are linked to an enhanced version of the index that incorporates beneficial withholding tax treatment. Consequently, the ETF's performance before fees may surpass that of the conventional net return index. This ETF operates under a passive management strategy. An investment in this fund represents an acquisition of units in a passively managed, index-tracking fund, rather than direct ownership of the underlying assets held by the fund.
Key statistics
Expense ratio
0.14%
Assets (AUM)
£104.0M
Holdings
—
NAV
£70,224.47
Avg. volume
322.00
1-year price change
+13.02%
5-year price change
+87.91%
Price change excludes dividends.
Top 10 holdings
These 10 are 39.9% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy XLIP from India
Indian residents can buy XLIP 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 XLIP and buy
Find the fund by its ticker, XLIP, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLIP from India
Trading and taxes when buying XLIP 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 XLIP price today?
Invesco Industrials S&P US Select Sector UCITS ETF (XLIP) last traded at £713.25 on the London Stock Exchange ETF segment, as of 2 Oct 2026, 11:20 AM ET. That is ₹90,810 a unit at the 1 Oct 2026 GBP/INR rate.
When does XLIP 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 XLIP, and what does it cost to hold?
Invesco Industrials S&P US Select Sector UCITS ETF manages about £104.0M. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2009.
Is XLIP a UCITS ETF?
Yes. Invesco Industrials S&P US Select Sector 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 XLIP's largest holdings?
The top three are GE AEROSPACE ORD (6.8%), CATERPILLAR ORD (6.7%) and RTX ORD (5.3%). XLIP's 10 largest positions make up 39.9% of the fund.
Is XLIP subject to US estate tax?
No. Because XLIP 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 XLIP?
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 XLIP 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 XLIP performed?
XLIP's price is up 13.0% over the past year and up 87.9% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLIP different from a US-listed ETF?
XLIP 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.