London Stock Exchange ETF segment · UCITS ETF
Invest in IQUA ETF from India
Indian and foreign residents can buy Invesco US Enhanced Equity UCITS ETF (IQUA) units directly through Paasa.
By Paasa · Updated
IQUA at a glance
- Price
- $5.94+$0.04 (0.63%)
- Expense ratio
- 0.16%
- Day range
- $5.92 – $5.94
- Assets
- $230.4M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2025
- Dividends
- —
- 1 month
- -0.88%
- 6 months
- +21.16%
- YTD
- +13.95%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP USD0.0018.3%
- 2APPLE INC USD0.000017.5%
- 3MICROSOFT CORP USD0.000006255.6%
- 4ALPHABET INC-CL A USD0.0014.3%
- 5AMAZON.COM INC USD0.013.6%
- 6Meta Platforms INC USD0.0000062.4%
- 7BROADCOM INC NPV2.4%
- 8MICRON TECHNOLOGY INC USD0.12.0%
- 9BERKSHIRE HATHAWAY INC-CL B USD0.00331.4%
- 10ADVANCED MICRO DEVICES USD0.011.4%
These 10 are 38.8% of the fund.
Where the money is invested
Countries
- United States98.1%
- Ireland0.7%
- Singapore0.3%
- United Kingdom0.3%
- Bermuda0.2%
- Netherlands0.2%
How to invest in IQUA 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 IQUA and buy
Find the fund by its ticker, IQUA, on the London Stock Exchange ETF segment, and place your order.
Why invest in IQUA from India
What IQUA holds
The objective of the Fund is to achieve a long-term return in excess of the Benchmark (the S&P 500 Index) by investing in an actively managed portfolio of US equities
Outside US estate tax
IQUA 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
IQUA 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 IQUA's UCITS structure matters for Indian investors
IQUA 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 IQUA from India?
Yes. Indian residents can buy Invesco US Enhanced Equity UCITS ETF (IQUA) 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 IQUA invest in?
Its largest holdings are NVIDIA CORP USD0.001 (8.3%), APPLE INC USD0.00001 (7.5%) and MICROSOFT CORP USD0.00000625 (5.6%). The fund is domiciled in Ireland.
What is the expense ratio of IQUA?
Invesco US Enhanced Equity UCITS ETF has an expense ratio of 0.16% a year, taken from the fund's assets rather than billed to you. The fund manages about $230.4M.
Is IQUA a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco US Enhanced 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 IQUA?
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.