London Stock Exchange ETF segment · UCITS ETF
Invest in IGDA ETF from India
Indian and foreign residents can buy Invesco Dow Jones Islamic Global Developed Markets UCITS ETF (IGDA) units directly through Paasa.
By Paasa · Updated
IGDA at a glance
- Price
- $40.00+$0.01 (0.03%)
- Expense ratio
- 0.4%
- Day range
- $40.00 – $40.24
- Assets
- $1.2B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2022
- Dividends
- —
- 1 month
- -0.79%
- 6 months
- +22.47%
- YTD
- +14.35%
- 1 year
- +20.34%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP USD0.0018.6%
- 2APPLE INC USD0.000017.6%
- 3MICROSOFT CORP USD0.000006255.8%
- 4AMAZON.COM INC USD0.013.7%
- 5ALPHABET INC-CL A USD0.0013.1%
- 6BROADCOM INC NPV2.6%
- 7ALPHABET INC-CL C USD0.0012.5%
- 8Meta Platforms INC USD0.0000062.4%
- 9MICRON TECHNOLOGY INC USD0.11.8%
- 10TESLA INC USD0.0011.6%
These 10 are 39.8% of the fund.
Where the money is invested
Sectors
- Technology46.4%
- Healthcare11.5%
- Consumer Cyclical9.4%
- Industrials9.2%
- Communication Services8.7%
- Basic Materials4.5%
Countries
- United States77.2%
- Japan4.3%
- South Korea3.4%
- Switzerland2.6%
- Canada2.3%
- United Kingdom2.1%
How to invest in IGDA 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 IGDA and buy
Find the fund by its ticker, IGDA, on the London Stock Exchange ETF segment, and place your order.
Why invest in IGDA from India
What IGDA holds
The Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc seeks to deliver the net total return performance of its benchmark, the Dow Jones Islamic Market Developed Markets Index (the “Reference Index”), after accounting for fees. This Reference Index is constructed to represent the performance of equities in developed markets that successfully meet stringent Shari’ah investment criteria.
Outside US estate tax
IGDA 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
IGDA 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 IGDA's UCITS structure matters for Indian investors
IGDA 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 IGDA from India?
Yes. Indian residents can buy Invesco Dow Jones Islamic Global Developed Markets UCITS ETF (IGDA) 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 IGDA invest in?
Its largest holdings are NVIDIA CORP USD0.001 (8.6%), APPLE INC USD0.00001 (7.6%) and MICROSOFT CORP USD0.00000625 (5.8%). Technology is its largest sector at 46.4%. The fund is domiciled in Ireland.
What is the expense ratio of IGDA?
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.2B.
Is IGDA a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Dow Jones Islamic Global Developed Markets 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 IGDA?
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.