London Stock Exchange ETF segment · UCITS ETF
Invest in IKSA ETF from India
Indian and foreign residents can buy iShares MSCI Saudi Arabia Capped UCITS ETF (IKSA) units directly through Paasa.
By Paasa · Updated
IKSA at a glance
- Price
- $6.25-$0.06 (0.87%)
- Expense ratio
- 0.6%
- Day range
- $6.20 – $6.32
- Assets
- $505.2M
- Domicile
- Ireland
- Holdings
- 28
- Launched
- 2019
- Dividends
- —
- 1 month
- -7.05%
- 6 months
- -4.93%
- YTD
- +4.10%
- 1 year
- -4.06%
- 5 years
- +1.51%
Price change, excluding dividends.
Top 10 holdings
- 1AL RAJHI BANK17.4%
- 2SAUDI ARABIAN OIL14.3%
- 3THE SAUDI NATIONAL BANK11.0%
- 4SAUDI TELECOM8.0%
- 5SAUDI ARABIAN MINING6.7%
- 6SAUDI BASIC INDUSTRIES4.0%
- 7ACWA POWER CO3.7%
- 8RIYAD BANK3.6%
- 9ALINMA BANK3.3%
- 10SAUDI AWWAL BANK3.1%
IKSA holds 28 securities in total. These 10 are 75.0% of the fund.
Where the money is invested
Sectors
- Financial Services47.2%
- Basic Materials14.2%
- Energy14.0%
- Communication Services10.2%
- Utilities5.0%
- Consumer Cyclical2.5%
Countries
- Saudi Arabia99.9%
- United States0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IKSDLSEiShares MSCI Saudi Arabia Capped UCITS ETF | 0.6% | 19.0M |
Assets are shown in each fund's own reporting currency.
How to invest in IKSA 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 IKSA and buy
Find the fund by its ticker, IKSA, on the London Stock Exchange ETF segment, and place your order.
Why invest in IKSA from India
What IKSA holds
This investment fund aims to replicate the returns generated by a benchmark index, which is constituted by shares of companies based in Saudi Arabia.
Outside US estate tax
IKSA 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
IKSA 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 IKSA's UCITS structure matters for Indian investors
IKSA 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 IKSA from India?
Yes. Indian residents can buy iShares MSCI Saudi Arabia Capped UCITS ETF (IKSA) 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 IKSA invest in?
iShares MSCI Saudi Arabia Capped UCITS ETF holds 28 securities. Its largest holdings are AL RAJHI BANK (17.4%), SAUDI ARABIAN OIL (14.3%) and THE SAUDI NATIONAL BANK (11.0%). Financial Services is its largest sector at 47.2%. The fund is domiciled in Ireland.
What is the expense ratio of IKSA?
iShares MSCI Saudi Arabia Capped UCITS ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $505.2M.
Is IKSA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Saudi Arabia Capped 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 IKSA?
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.