London Stock Exchange ETF segment · UCITS ETF
Invest in 500X ETF from India
Indian and foreign residents can buy State Street SPDR S&P 500 Leaders UCITS ETF (500X) units directly through Paasa.
By Paasa · Updated
500X at a glance
- Price
- $56.32-$0.24 (0.42%)
- Expense ratio
- 0.03%
- Day range
- $56.32 – $56.85
- Assets
- $4.9B
- Domicile
- Ireland
- Holdings
- 226
- Launched
- 2019
- Dividends
- —
- 1 month
- -2.07%
- 6 months
- +20.94%
- YTD
- +12.82%
- 1 year
- +19.22%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CorporationNVDA12.6%
- 2Microsoft CorporationMSFT8.9%
- 3Alphabet Inc. Class AGOOGL4.6%
- 4Alphabet Inc. Class CGOOG3.7%
- 5Micron Technology Inc.MU3.4%
- 6Visa Inc. Class AV2.2%
- 7AbbVie Inc.ABBV1.8%
- 8Walmart Inc.WMT1.7%
- 9Mastercard Incorporated Class AMA1.6%
- 10Intel CorporationINTC1.5%
500X holds 226 securities in total. These 10 are 42.0% of the fund.
Where the money is invested
Countries
- United States95.7%
- Ireland2.6%
- United Kingdom0.9%
- Singapore0.5%
- Other0.3%
How to invest in 500X 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 500X and buy
Find the fund by its ticker, 500X, on the London Stock Exchange ETF segment, and place your order.
Why invest in 500X from India
What 500X holds
The investment objective of the Fund is to track the U.S. equity market performance of large cap equity securities.
Outside US estate tax
500X is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
500X 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 500X's UCITS structure matters for Indian investors
500X is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy 500X from India?
Yes. Indian residents can buy State Street SPDR S&P 500 Leaders UCITS ETF (500X) 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 500X invest in?
State Street SPDR S&P 500 Leaders UCITS ETF holds 226 securities. Its largest holdings are NVIDIA Corporation (12.6%), Microsoft Corporation (8.9%) and Alphabet Inc. Class A (4.6%). The fund is domiciled in Ireland.
What is the expense ratio of 500X?
State Street SPDR S&P 500 Leaders UCITS ETF has an expense ratio of 0.03% a year, taken from the fund's assets rather than billed to you. The fund manages about $4.9B.
Is 500X a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR S&P 500 Leaders UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell 500X?
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.