London Stock Exchange ETF segment · UCITS ETF
Invest in G500 ETF from India
Indian and foreign residents can buy Invesco S&P 500 UCITS ETF (G500) units directly through Paasa.
By Paasa · Updated
G500 at a glance
- Price
- £99.27+£0.19 (0.19%)
- Expense ratio
- 0.05%
- Day range
- £99.14 – £99.58
- Assets
- £45.2B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2020
- Dividends
- —
- 1 month
- -1.03%
- 6 months
- +20.01%
- YTD
- +11.42%
- 1 year
- +15.78%
- 5 years
- +79.06%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA ORD7.9%
- 2APPLE ORD6.5%
- 3MICROSOFT ORD5.4%
- 4AMAZON COM ORD3.7%
- 5ALPHABET CL A ORD2.9%
- 6BROADCOM ORD2.7%
- 7ALPHABET CL C ORD2.3%
- 8META PLATFORMS CL A ORD1.8%
- 9MICRON TECHNOLOGY ORD1.6%
- 10JPMORGAN CHASE ORD1.5%
These 10 are 36.3% 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 States97.9%
- Ireland1.2%
- United Kingdom0.4%
- Switzerland0.3%
- Netherlands0.1%
- Bermuda0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VOOAMEXVanguard S&P 500 ETF | 0.03% | 1.8T |
| IVVAMEXiShares Core S&P 500 ETF | 0.03% | 883.8B |
| CSPXLSEiShares Core S&P 500 UCITS ETF | 0.07% | 155.0B |
| VUAALSEVanguard S&P 500 UCITS ETF (USD) Accumulating | 0.07% | 89.2B |
| SPXSLSEInvesco S&P 500 UCITS ETF | 0.05% | 59.9B |
Assets are shown in each fund's own reporting currency.
How to invest in G500 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, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search G500 and buy
Find the fund by its ticker, G500, on the London Stock Exchange ETF segment, and place your order.
Why invest in G500 from India
What G500 holds
The Invesco S&P 500 UCITS ETF GBP Hdg Acc seeks to track the net total return performance of the S&P 500 GBP Daily Hedged Index, herein called the "Reference Index," after accounting for its own fees. This Reference Index offers exposure to major US corporations, encompassing approximately 500 large-capitalization equities and covering about 80% of the overall US equity market by capitalization.
Outside US estate tax
G500 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 G500's UCITS structure matters for Indian investors
G500 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 G500 from India?
Yes. Indian residents can buy Invesco S&P 500 UCITS ETF (G500) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 G500 invest in?
Its largest holdings are NVIDIA ORD (7.9%), APPLE ORD (6.5%) and MICROSOFT ORD (5.4%). Technology is its largest sector at 38.7%. The fund is domiciled in Ireland.
What is the expense ratio of G500?
Invesco S&P 500 UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about £45.2B.
Is G500 a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco S&P 500 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 G500?
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 GBP/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.