London Stock Exchange ETF segment · UCITS ETF
Invest in IPOL ETF from India
Indian and foreign residents can buy iShares MSCI Poland UCITS ETF (IPOL) units directly through Paasa.
By Paasa · Updated
IPOL at a glance
- Price
- $42.63+$0.15 (0.36%)
- Expense ratio
- 0.74%
- Day range
- $42.52 – $42.96
- Assets
- $1.2B
- Domicile
- Ireland
- Holdings
- 16
- Launched
- 2011
- Dividends
- —
- 1 month
- +0.36%
- 6 months
- +29.23%
- YTD
- +27.57%
- 1 year
- +48.44%
- 5 years
- +121.10%
Price change, excluding dividends.
Top 10 holdings
- 1POWSZECHNA KASA OSZCZEDNOSCI BANKPKO.WA19.6%
- 2ORLENPKN.WA15.7%
- 3BANK PEKAO SAPEO.WA9.0%
- 4KGHM POLSKA MIEDZ SAKGH.WA8.5%
- 5ALLEGRO SAALE.WA8.3%
- 6PZU SAPZU.WA7.4%
- 7ERSTE BANK POLSKA SAEBP.WA5.9%
- 8LPP SALPP.WA4.9%
- 9MBANK SAMBK.WA3.5%
- 10DINO POLSKADNP.WA3.1%
IPOL holds 16 securities in total. These 10 are 85.7% of the fund.
Where the money is invested
Sectors
- Financial Services46.6%
- Energy16.4%
- Consumer Cyclical12.7%
- Basic Materials9.6%
- Consumer Defensive5.7%
- Communication Services2.9%
Countries
- Poland89.3%
- Luxembourg10.6%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EPOLAMEXiShares MSCI Poland ETF | 0.59% | 829.9M |
Assets are shown in each fund's own reporting currency.
How to invest in IPOL 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 IPOL and buy
Find the fund by its ticker, IPOL, on the London Stock Exchange ETF segment, and place your order.
Why invest in IPOL from India
What IPOL holds
The investment fund's primary objective is to accurately reflect the performance of an index made up exclusively of companies based in Poland.
Outside US estate tax
IPOL 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
IPOL 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 IPOL's UCITS structure matters for Indian investors
IPOL 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 IPOL from India?
Yes. Indian residents can buy iShares MSCI Poland UCITS ETF (IPOL) 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 IPOL invest in?
iShares MSCI Poland UCITS ETF holds 16 securities. Its largest holdings are POWSZECHNA KASA OSZCZEDNOSCI BANK (19.6%), ORLEN (15.7%) and BANK PEKAO SA (9.0%). Financial Services is its largest sector at 46.6%. The fund is domiciled in Ireland.
What is the expense ratio of IPOL?
iShares MSCI Poland UCITS ETF has an expense ratio of 0.74% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.2B.
Is IPOL a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI Poland 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 IPOL?
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.