London Stock Exchange ETF segment · UCITS ETF
Invest in 500U ETF from India
Indian and foreign residents can buy Amundi Index Solutions - S&P 500 UCITS ETF (500U) units directly through Paasa.
By Paasa · Updated
500U at a glance
- Price
- $154.33+$1.17 (0.76%)
- Expense ratio
- 0.15%
- Day range
- $153.40 – $154.40
- Assets
- $8.2B
- Domicile
- Luxembourg
- Holdings
- 315
- Launched
- 2018
- Dividends
- —
- 1 month
- -0.58%
- 6 months
- +21.33%
- YTD
- +12.47%
- 1 year
- +17.21%
- 5 years
- +87.98%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP6.7%
- 2APPLE INC6.6%
- 3MICROSOFT CORP4.8%
- 4APPLIED MATERIALS INC3.7%
- 5AMAZON.COM INC3.3%
- 6ALPHABET INC CL C3.3%
- 7RTX CORP2.8%
- 8GOLDMAN SACHS GROUP INC2.4%
- 9COSTCO WHOLESALE CORP2.4%
- 10ADVANCED MICRO DEVICES2.2%
500U holds 315 securities in total. These 10 are 38.1% of the fund.
Where the money is invested
Sectors
- Technology38.7%
- Financial Services12.1%
- Communication Services9.5%
- Consumer Cyclical9.3%
- Healthcare9.3%
- Industrials7.8%
Countries
- United States88.5%
- France7.9%
- Canada0.8%
- Ireland0.8%
- Sweden0.8%
- Switzerland0.7%
How to invest in 500U from India
Step 1
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.
Step 2
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.
Step 3
Search 500U and buy
Find the fund by its ticker, 500U, on the London Stock Exchange ETF segment, and place your order.
Why invest in 500U from India
What 500U holds
The Amundi S&P 500 Swap UCITS ETF USD Acc is engineered to precisely mirror the performance of the S&P 500 Net Total Return Index, whether the market is advancing or declining. A key objective of the fund is to significantly reduce the deviation, known as tracking error, between its own net asset value and the returns generated by the benchmark index.
Outside US estate tax
500U is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
500U is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why 500U's UCITS structure matters for Indian investors
500U is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy 500U from India?
Yes. Indian residents can buy Amundi Index Solutions - S&P 500 UCITS ETF (500U) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does 500U invest in?
Amundi Index Solutions - S&P 500 UCITS ETF holds 315 securities. Its largest holdings are NVIDIA CORP (6.7%), APPLE INC (6.6%) and MICROSOFT CORP (4.8%). Technology is its largest sector at 38.7%. The fund is domiciled in Luxembourg.
What is the expense ratio of 500U?
Amundi Index Solutions - S&P 500 UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $8.2B.
Is 500U a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - S&P 500 UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell 500U?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.