London Stock Exchange ETF segment · UCITS ETF
Invest in DRVE ETF from India
Indian and foreign residents can buy Global X - Autonomous & Electric Vehicles UCITS ETF (DRVE) units directly through Paasa.
By Paasa · Updated
DRVE at a glance
- Price
- $16.81+$0.12 (0.73%)
- Expense ratio
- 0.5%
- Day range
- $16.74 – $16.86
- Assets
- $11.7M
- Domicile
- Ireland
- Holdings
- 75
- Launched
- 2021
- Dividends
- —
- 1 month
- -4.61%
- 6 months
- +11.68%
- YTD
- +10.65%
- 1 year
- +19.37%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORP4.1%
- 2INTEL CORP3.6%
- 3NVIDIA CORP3.4%
- 4ALPHABET INC-CL A2.9%
- 5TESLA INC2.9%
- 6QUALCOMM INC2.8%
- 7TOYOTA MOTOR CORP2.5%
- 8SKYWORKS SOLUTIONS INC1.8%
- 9BLOOM ENERGY CORP- A1.8%
- 10RIO TINTO PLC1.8%
DRVE holds 75 securities in total. These 10 are 27.7% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical32.1%
- Technology31.2%
- Basic Materials15.9%
- Industrials15.1%
- Communication Services5.7%
Countries
- United States51.0%
- China10.9%
- Japan8.4%
- South Korea5.4%
- Netherlands4.0%
- France3.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| DRIVNASDAQGlobal X - Autonomous & Electric Vehicles ETF | 0.68% | 357.7M |
| DRVGLSEGlobal X - Autonomous & Electric Vehicles UCITS ETF | 0.5% | 1.2M |
Assets are shown in each fund's own reporting currency.
How to invest in DRVE 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 DRVE and buy
Find the fund by its ticker, DRVE, on the London Stock Exchange ETF segment, and place your order.
Why invest in DRVE from India
What DRVE holds
The Global X Autonomous & Electric Vehicles UCITS ETF (DRVE LN) is designed to provide investment returns that broadly align with the overall performance, encompassing both the capital appreciation and income generated by, the Solactive Autonomous & Electric Vehicles v2 Index. This objective is measured prior to the deduction of any management fees or operational expenses.
Outside US estate tax
DRVE 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
DRVE 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 DRVE's UCITS structure matters for Indian investors
DRVE 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 DRVE from India?
Yes. Indian residents can buy Global X - Autonomous & Electric Vehicles UCITS ETF (DRVE) 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 DRVE invest in?
Global X - Autonomous & Electric Vehicles UCITS ETF holds 75 securities. Its largest holdings are MICROSOFT CORP (4.1%), INTEL CORP (3.6%) and NVIDIA CORP (3.4%). Consumer Cyclical is its largest sector at 32.1%. The fund is domiciled in Ireland.
What is the expense ratio of DRVE?
Global X - Autonomous & Electric Vehicles UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $11.7M.
Is DRVE a UCITS ETF, and why does that matter for Indian investors?
Yes. Global X - Autonomous & Electric Vehicles 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 DRVE?
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.