London Stock Exchange ETF segment · UCITS ETF
Invest in IDFN ETF from India
Indian and foreign residents can buy Invesco Defence Innovation UCITS ETF AccumUSD (IDFN) units directly through Paasa.
By Paasa · Updated
IDFN at a glance
- Price
- $9.55+$0.02 (0.19%)
- Expense ratio
- 0.35%
- Day range
- $9.54 – $9.58
- Assets
- $152.1M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2024
- Dividends
- —
- 1 month
- -6.61%
- 6 months
- +7.10%
- YTD
- +13.46%
- 1 year
- +16.36%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1BRUKER CORP USD0.012.1%
- 2KOPIN CORP USD0.012.0%
- 3ROCKET LAB CORP USD NPV2.0%
- 4MOOG INC-CLASS A USD11.9%
- 5FIREFLY AEROSP USD 0.0001000001.9%
- 6DUCOMMUN INC USD0.011.8%
- 7MDA SPACE LTDCAD NPV1.8%
- 8Ondas Inc USD 0.00011.8%
- 9IRIDIUM COMMUNICATIONS INC USD0.0011.8%
- 10SAAB AB-B SEK NPV1.8%
These 10 are 19.0% of the fund.
Where the money is invested
Countries
- United States67.9%
- France8.0%
- United Kingdom5.1%
- Australia3.0%
- Italy3.0%
- Germany2.8%
How to invest in IDFN 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 IDFN and buy
Find the fund by its ticker, IDFN, on the London Stock Exchange ETF segment, and place your order.
Why invest in IDFN from India
What IDFN holds
The investment objective of the Fund is to provide exposure to global listed companies that are developing sophisticated weapons, defensive systems and other solutions for securing borders.
Outside US estate tax
IDFN 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
IDFN 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 IDFN's UCITS structure matters for Indian investors
IDFN 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 IDFN from India?
Yes. Indian residents can buy Invesco Defence Innovation UCITS ETF AccumUSD (IDFN) 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 IDFN invest in?
Its largest holdings are BRUKER CORP USD0.01 (2.1%), KOPIN CORP USD0.01 (2.0%) and ROCKET LAB CORP USD NPV (2.0%). The fund is domiciled in Ireland.
What is the expense ratio of IDFN?
Invesco Defence Innovation UCITS ETF AccumUSD has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $152.1M.
Is IDFN a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Defence Innovation 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. 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 IDFN?
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.