London Stock Exchange ETF segment · UCITS ETF
Invest in ISPE ETF from India
Indian and foreign residents can buy iShares S&P 500 Equal Weight UCITS ETF (ISPE) units directly through Paasa.
By Paasa · Updated
ISPE at a glance
- Price
- £7.33+£0.02 (0.29%)
- Expense ratio
- 0.17%
- Day range
- £7.33 – £7.38
- Assets
- £361.5M
- Domicile
- Ireland
- Holdings
- 504
- Launched
- 2022
- Dividends
- —
- 1 month
- -5.04%
- 6 months
- +10.74%
- YTD
- +9.25%
- 1 year
- +12.44%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1MODERNA0.3%
- 2EVERPURE INC CLASS A0.3%
- 3ILLUMINA INC0.3%
- 4CROWDSTRIKE HOLDINGS CLASS A0.3%
- 5REVVITY0.2%
- 6AGILENT TECHNOLOGIES INC0.2%
- 7METTLER TOLEDO0.2%
- 8DATADOG INC CLASS A0.2%
- 9INTUITIVE SURGICAL0.2%
- 10PALO ALTO NETWORKS0.2%
ISPE holds 504 securities in total. These 10 are 2.6% of the fund.
Where the money is invested
Sectors
- Technology18.2%
- Industrials14.7%
- Financial Services13.8%
- Healthcare12.2%
- Consumer Cyclical10.1%
- Consumer Defensive6.3%
Countries
- United States95.4%
- Ireland2.2%
- Switzerland0.6%
- United Kingdom0.6%
- Bermuda0.4%
- Netherlands0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| RSPAMEXInvesco S&P 500 Equal Weight ETF | 0.2% | 96.5B |
| EWSPLSEiShares S&P 500 Equal Weight UCITS ETF | 0.15% | 3.7B |
| SPEQLSEInvesco S&P 500 Equal Weight UCITS ETF | 0.2% | 1.7B |
| XDEEXETRAXtrackers S&P 500 Equal Weight UCITS ETF | 0.3% | 13.7B |
| XEWGLSEXtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged | 0.17% | 11.8B |
Assets are shown in each fund's own reporting currency.
How to invest in ISPE 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 GBP when you buy.
Step 3
Search ISPE and buy
Find the fund by its ticker, ISPE, on the London Stock Exchange ETF segment, and place your order.
Why invest in ISPE from India
What ISPE holds
The primary objective of this fund is to replicate the performance of the S&P 500 Equal Weight Index, generating investor returns through both the appreciation of its capital and the income derived from its holdings.
Outside US estate tax
ISPE 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 ISPE's UCITS structure matters for Indian investors
ISPE 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 ISPE from India?
Yes. Indian residents can buy iShares S&P 500 Equal Weight UCITS ETF (ISPE) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 ISPE invest in?
iShares S&P 500 Equal Weight UCITS ETF holds 504 securities. Its largest holdings are MODERNA (0.3%), EVERPURE INC CLASS A (0.3%) and ILLUMINA INC (0.3%). Technology is its largest sector at 18.2%. The fund is domiciled in Ireland.
What is the expense ratio of ISPE?
iShares S&P 500 Equal Weight UCITS ETF has an expense ratio of 0.17% a year, taken from the fund's assets rather than billed to you. The fund manages about £361.5M.
Is ISPE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares S&P 500 Equal Weight 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 ISPE?
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 GBP/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.