Euronext Amsterdam · UCITS ETF
Invest in IPRA ETF from India
Indian and foreign residents can buy iShares Listed Private Equity UCITS ETF (IPRA) units directly through Paasa.
By Paasa · Updated
IPRA at a glance
- Price
- $35.56+$0.40 (1.12%)
- Expense ratio
- 0.75%
- Day range
- $35.56 – $35.56
- Assets
- $91.1M
- Domicile
- Ireland
- Holdings
- 90
- Launched
- 2022
- Dividends
- —
- 1 month
- -9.96%
- 6 months
- +5.92%
- YTD
- -14.26%
- 1 year
- -16.01%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 13I GROUP PLC7.6%
- 2BROOKFIELD CLASS A7.4%
- 3BLACKSTONE6.8%
- 4APOLLO GLOBAL MANAGEMENT6.7%
- 5BROOKFIELD ASSET MANAGEMENT VOTING6.3%
- 6WASHINGTON H SOUL PATTINSON & COMP4.5%
- 7ARES CAPITAL CORP4.1%
- 8KKR AND CO INC3.8%
- 9PARTNERS GROUP HOLDING AG3.8%
- 10EQT3.7%
IPRA holds 90 securities in total. These 10 are 54.8% of the fund.
Where the money is invested
Sectors
- Financial Services98.9%
- Industrials0.8%
- Consumer Cyclical0.3%
- Technology0.0%
- Consumer Defensive0.0%
- Healthcare0.0%
Countries
- United States56.2%
- United Kingdom15.0%
- Canada6.6%
- Sweden5.9%
- Australia4.7%
- Switzerland3.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IDPELSEiShares Listed Private Equity UCITS ETF | 0.75% | 748.2M |
Assets are shown in each fund's own reporting currency.
How to invest in IPRA 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 IPRA and buy
Find the fund by its ticker, IPRA, on Euronext Amsterdam, and place your order.
Why invest in IPRA from India
What IPRA holds
This ETF strives to deliver investment returns through a blend of capital appreciation and income generated from its holdings. Its performance is designed to closely match the returns of the S&P Listed Private Equity Index.
Outside US estate tax
IPRA 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
IPRA 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 IPRA's UCITS structure matters for Indian investors
IPRA 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 IPRA from India?
Yes. Indian residents can buy iShares Listed Private Equity UCITS ETF (IPRA) through Paasa. It is listed on Euronext Amsterdam 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 IPRA invest in?
iShares Listed Private Equity UCITS ETF holds 90 securities. Its largest holdings are 3I GROUP PLC (7.6%), BROOKFIELD CLASS A (7.4%) and BLACKSTONE (6.8%). Financial Services is its largest sector at 98.9%. The fund is domiciled in Ireland.
What is the expense ratio of IPRA?
iShares Listed Private Equity UCITS ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $91.1M.
Is IPRA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Listed Private Equity 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 IPRA?
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.