Invesco Technology S&P US Select Sector UCITS ETF
Invesco Technology S&P US Select Sector UCITS ETF (LSE: XLKQ) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £840.70 (about ₹1,07,039 a unit) as of 1 Oct 2026, 11:35 AM ET. It has an expense ratio of 0.14%. Indian residents can buy XLKQ through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£839.10
Today's high
£847.60
52 week low
£569.90
52 week high
£847.60
XLKQ opened at £847.00, closed previously at £842.30, and has traded between £569.90 and £847.60 over the past 52 weeks.
About
This Invesco Technology ETF aims to deliver the net total return performance of the S&P Select Sector Capped 20% Technology Index, referred to as the “Reference Index,” after accounting for its expenses. The Reference Index itself tracks the technology segment of the S&P 500 Index. Its constituents are weighted by their free-float market capitalization, with a maximum individual weighting of 19%; any excess weight is then distributed among the remaining uncapped securities. To achieve its goal, the fund typically invests in a portfolio of equities, which generate the bulk of its returns, although these holdings are usually not precisely the same as those within the Reference Index. It also employs unfunded swap contracts with approved financial institutions. These agreements involve exchanging the difference between the returns of the fund's internal equity basket and the Reference Index, with the aim of achieving a more precise and steady alignment with the Reference Index's performance than purely physical replication would allow. Crucially, despite the fund's objective to track the standard net total return index, the swaps it utilizes are linked to an optimized version of the index that incorporates withholding tax advantages. Consequently, the ETF's performance before fees is projected to surpass the returns of the conventional net return index. This ETF is passively managed, operating as an index-tracking vehicle. Investing in this fund means acquiring units in a managed, index-following product, rather than directly owning the underlying assets themselves.
Key statistics
Expense ratio
0.14%
Assets (AUM)
£2.0B
Holdings
—
NAV
£84,185.43
Avg. volume
—
1-year price change
+33.40%
5-year price change
+206.09%
Price change excludes dividends.
Top 10 holdings
These 10 are 74.7% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy XLKQ from India
Indian residents can buy XLKQ 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 XLKQ and buy
Find the fund by its ticker, XLKQ, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in XLKQ from India
Trading and taxes when buying XLKQ 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 XLKQ price today?
Invesco Technology S&P US Select Sector UCITS ETF (XLKQ) last traded at £840.70 on the London Stock Exchange ETF segment, as of 1 Oct 2026, 11:35 AM ET. That is ₹1,07,039 a unit at the 30 Sep 2026 GBP/INR rate.
When does XLKQ 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 XLKQ, and what does it cost to hold?
Invesco Technology S&P US Select Sector UCITS ETF manages about £2.0B. Its expense ratio is 0.14% a year, deducted inside the fund. It launched in 2009.
Is XLKQ a UCITS ETF?
Yes. Invesco Technology 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 XLKQ's largest holdings?
The top three are NVIDIA ORD (19.6%), APPLE ORD (18.1%) and MICROSOFT ORD (14.4%). XLKQ's 10 largest positions make up 74.7% of the fund.
Is XLKQ subject to US estate tax?
No. Because XLKQ 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 XLKQ?
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 XLKQ 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 XLKQ performed?
XLKQ's price is up 33.4% over the past year and up 206.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is XLKQ different from a US-listed ETF?
XLKQ 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.