London Stock Exchange ETF segment · UCITS ETF
Invest in ICLU ETF from India
Indian and foreign residents can buy Invesco AAA CLO UCITS ETF AccumUSD (ICLU) units directly through Paasa.
By Paasa · Updated
ICLU at a glance
- Price
- $21.64+$0.02 (0.09%)
- Expense ratio
- 0.25%
- Day range
- $21.63 – $21.64
- Assets
- $923.8M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2025
- Dividends
- —
- 1 month
- +0.46%
- 6 months
- +2.71%
- YTD
- +3.79%
- 1 year
- +4.95%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1OCP CLO 2020-20 Ltd FRN 18/04/373.0%
- 2Golub Capital Partners CLO 19B-R3 FRN 20/10/362.9%
- 3Pikes Peak Clo 16 Ltd FRN 25/07/392.8%
- 4Ares Direct Lending CLO 8 LLC FRN 20/01/392.8%
- 5Captree Park CLO Ltd FRN 20/07/372.8%
- 6Symphony Clo 47 Ltd FRN 20/04/382.8%
- 7OWL Rock CLO XXV LLC FRN 22/07/362.7%
- 8Golub Capital Partners CLO 52 B R FRN 20/07/392.7%
- 9Benefit Street Partners CLO 48 Ltd FRN 20/04/382.3%
- 10AIMCO CLO 16 Ltd FRN 17/07/392.3%
These 10 are 27.1% of the fund.
Where the money is invested
Countries
- United States91.1%
- Other8.9%
How to invest in ICLU 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 ICLU and buy
Find the fund by its ticker, ICLU, on the London Stock Exchange ETF segment, and place your order.
Why invest in ICLU from India
What ICLU holds
The investment objective of the Fund is to seek to provide consistent income and capital preservation over the long term
Outside US estate tax
ICLU 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
ICLU 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 ICLU's UCITS structure matters for Indian investors
ICLU is domiciled in Ireland, 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 ICLU from India?
Yes. Indian residents can buy Invesco AAA CLO UCITS ETF AccumUSD (ICLU) 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 ICLU invest in?
Its largest holdings are OCP CLO 2020-20 Ltd FRN 18/04/37 (3.0%), Golub Capital Partners CLO 19B-R3 FRN 20/10/36 (2.9%) and Pikes Peak Clo 16 Ltd FRN 25/07/39 (2.8%). The fund is domiciled in Ireland.
What is the expense ratio of ICLU?
Invesco AAA CLO UCITS ETF AccumUSD has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $923.8M.
Is ICLU a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco AAA CLO UCITS ETF AccumUSD 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.
What tax do I pay in India when I sell ICLU?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.