London Stock Exchange ETF segment · UCITS ETF
Invest in ESPJ ETF from India
Indian and foreign residents can buy Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF (ESPJ) units directly through Paasa.
By Paasa · Updated
ESPJ at a glance
- Price
- $58.92+$0.11 (0.18%)
- Expense ratio
- 0.19%
- Day range
- $58.92 – $59.13
- Assets
- $82.8M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -4.02%
- 6 months
- +7.16%
- YTD
- +7.92%
- 1 year
- +10.66%
- 5 years
- +37.96%
Price change, excluding dividends.
Top 10 holdings
- 1DBS GROUP HOLDINGS LTD NPVD05.SI6.3%
- 2OVERSEA-CHINESE BANKING CORP NPVO39.SI5.2%
- 3BHP Group Ltd NPVBHP.AX5.2%
- 4NATIONAL AUSTRALIA BANK LTD NPVNAB.AX5.1%
- 5AUST AND NZ BANKING GROUP NPVANZ.AX5.1%
- 6WESTPAC BANKING CORP NPVWBC.AX4.7%
- 7COMMONWEALTH BANK OF AUSTRAL NPVCBA.AX4.6%
- 8AIA GROUP LTD NPV1299.HK4.4%
- 9MACQUARIE GROUP LTD NPVMQG.AX4.0%
- 10HONG KONG EXCHANGES & CLEAR NPV0388.HK3.9%
These 10 are 48.4% of the fund.
Where the money is invested
Sectors
- Financial Services51.5%
- Basic Materials12.4%
- Industrials7.3%
- Consumer Cyclical6.8%
- Real Estate6.7%
- Communication Services3.4%
Countries
- Australia60.5%
- Singapore20.4%
- Hong Kong16.1%
- New Zealand2.5%
- China0.3%
- Bermuda0.2%
How to invest in ESPJ 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 ESPJ and buy
Find the fund by its ticker, ESPJ, on the London Stock Exchange ETF segment, and place your order.
Why invest in ESPJ from India
What ESPJ holds
The Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF seeks to mirror the performance of its designated benchmark, the MSCI Pacific ex Japan Universal Select Business Screens Index, net of all charges. This underlying index concentrates on major and medium-sized companies across developed Pacific economies, specifically excluding Japan.
Outside US estate tax
ESPJ 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
ESPJ 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 ESPJ's UCITS structure matters for Indian investors
ESPJ 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 ESPJ from India?
Yes. Indian residents can buy Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF (ESPJ) 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 ESPJ invest in?
Its largest holdings are DBS GROUP HOLDINGS LTD NPV (6.3%), OVERSEA-CHINESE BANKING CORP NPV (5.2%) and BHP Group Ltd NPV (5.2%). Financial Services is its largest sector at 51.5%. The fund is domiciled in Ireland.
What is the expense ratio of ESPJ?
Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about $82.8M.
Is ESPJ a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI Pacific Ex Japan Universal Screened 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 ESPJ?
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.