XETRA · UCITS ETF
Invest in IS31 ETF from India
Indian and foreign residents can buy iShares Edge S&P 500 Minimum Volatility UCITS ETF (IS31) units directly through Paasa.
By Paasa · Updated
IS31 at a glance
- Price
- €11.04+€0.01 (0.09%)
- Expense ratio
- 0.25%
- Day range
- €11.03 – €11.05
- Assets
- €42.8M
- Domicile
- Ireland
- Holdings
- 127
- Launched
- 2016
- Dividends
- —
- 1 month
- -2.21%
- 6 months
- +12.20%
- YTD
- +5.24%
- 1 year
- +8.02%
- 5 years
- +36.46%
Price change, excluding dividends.
Top 10 holdings
- 1APPLEAAPL2.1%
- 2ABBVIEABBV2.1%
- 3PROCTER & GAMBLEPG2.0%
- 4MICROSOFTMSFT2.0%
- 5COCA-COLAKO2.0%
- 6NVIDIANVDA2.0%
- 7VISA CLASS AV2.0%
- 8AMAZON.COM INCAMZN2.0%
- 9EXXONMOBIL HOLDINGS CORPXOM2.0%
- 10META PLATFORMS CLASS AMETA2.0%
IS31 holds 127 securities in total. These 10 are 20.2% of the fund.
Where the money is invested
Sectors
- Technology32.6%
- Financial Services14.7%
- Healthcare14.0%
- Consumer Defensive9.0%
- Energy8.5%
- Consumer Cyclical6.3%
Countries
- United States94.8%
- Ireland1.9%
- Switzerland1.6%
- United Kingdom1.0%
- Bermuda0.5%
- Netherlands0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SPMVLSEiShares Edge S&P 500 Minimum Volatility UCITS ETF | 0.2% | 1.9B |
| SPMDLSEiShares Edge S&P 500 Minimum Volatility UCITS ETF | 0.2% | 159.6M |
Assets are shown in each fund's own reporting currency.
How to invest in IS31 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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search IS31 and buy
Find the fund by its ticker, IS31, on XETRA, and place your order.
Why invest in IS31 from India
What IS31 holds
This investment product aims to replicate the performance of an index composed of large-capitalization U.S. companies. These firms are selected for their collectively reduced price fluctuations compared to the wider American stock market.
Outside US estate tax
IS31 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 IS31's UCITS structure matters for Indian investors
IS31 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 IS31 from India?
Yes. Indian residents can buy iShares Edge S&P 500 Minimum Volatility UCITS ETF (IS31) through Paasa. It is listed on XETRA and trades in EUR. 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 IS31 invest in?
iShares Edge S&P 500 Minimum Volatility UCITS ETF holds 127 securities. Its largest holdings are APPLE (2.1%), ABBVIE (2.1%) and PROCTER & GAMBLE (2.0%). Technology is its largest sector at 32.6%. The fund is domiciled in Ireland.
What is the expense ratio of IS31?
iShares Edge S&P 500 Minimum Volatility UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €42.8M.
Is IS31 a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares Edge S&P 500 Minimum Volatility 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 IS31?
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 EUR/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.