London Stock Exchange ETF segment · UCITS ETF
Invest in IDAP ETF from India
Indian and foreign residents can buy iShares Asia Pacific Dividend UCITS ETF (IDAP) units directly through Paasa.
By Paasa · Updated
IDAP at a glance
- Price
- $31.72+$0.14 (0.43%)
- Expense ratio
- 0.59%
- Day range
- $31.68 – $31.87
- Assets
- $727.0M
- Domicile
- Ireland
- Holdings
- 50
- Launched
- 2006
- Dividends
- Distributing
- 1 month
- -3.07%
- 6 months
- +5.40%
- YTD
- +12.66%
- 1 year
- +20.04%
- 5 years
- +34.79%
Price change, excluding dividends.
Top 10 holdings
- 1BHP GROUP LTD8.8%
- 2DBS GROUP HOLDINGS LTD5.7%
- 3OVERSEA-CHINESE BANKING5.0%
- 4HONDA MOTOR4.5%
- 5SANTOS4.2%
- 6FORTESCUE LTD4.1%
- 7ANZ GROUP HOLDINGS LTD4.1%
- 8UNITED OVERSEAS BANK3.3%
- 9WESTPAC BANKING CORPORATION3.3%
- 10BOC HONG KONG HOLDINGS LTD3.1%
IDAP holds 50 securities in total. These 10 are 46.0% of the fund.
Where the money is invested
Sectors
- Financial Services33.9%
- Basic Materials15.3%
- Consumer Cyclical9.8%
- Real Estate9.7%
- Industrials7.3%
- Energy5.6%
Countries
- Australia43.6%
- Hong Kong24.7%
- Singapore20.8%
- Japan9.0%
- New Zealand2.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| DVYAAMEXiShares Asia/Pacific Dividend ETF | 0.49% | 70.5M |
Assets are shown in each fund's own reporting currency.
How to invest in IDAP 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 IDAP and buy
Find the fund by its ticker, IDAP, on the London Stock Exchange ETF segment, and place your order.
Why invest in IDAP from India
What IDAP holds
This ETF is designed to mirror the financial performance of an index. This index is constructed from 50 companies demonstrating high dividend yields, originating from specified countries within the Asia Pacific area.
Outside US estate tax
IDAP 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
IDAP 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 IDAP's UCITS structure matters for Indian investors
IDAP 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 IDAP from India?
Yes. Indian residents can buy iShares Asia Pacific Dividend UCITS ETF (IDAP) 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 IDAP invest in?
iShares Asia Pacific Dividend UCITS ETF holds 50 securities. Its largest holdings are BHP GROUP LTD (8.8%), DBS GROUP HOLDINGS LTD (5.7%) and OVERSEA-CHINESE BANKING (5.0%). Financial Services is its largest sector at 33.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of IDAP?
iShares Asia Pacific Dividend UCITS ETF has an expense ratio of 0.59% a year, taken from the fund's assets rather than billed to you. The fund manages about $727.0M.
Is IDAP a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Asia Pacific Dividend 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.
How are IDAP dividends taxed in India?
iShares Asia Pacific Dividend UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell IDAP?
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.