London Stock Exchange ETF segment · UCITS ETF
Invest in ISPY ETF from India
Indian and foreign residents can buy L&G Cyber Security UCITS ETF (ISPY) units directly through Paasa.
By Paasa · Updated
ISPY at a glance
- Price
- £36.95-£0.18 (0.48%)
- Expense ratio
- 0.69%
- Day range
- £36.67 – £37.35
- Assets
- £2.9B
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2015
- Dividends
- —
- 1 month
- +10.20%
- 6 months
- +62.06%
- YTD
- +59.89%
- 1 year
- +53.70%
- 5 years
- +99.16%
Price change, excluding dividends.
Top 10 holdings
- 1CLOUDFLARE INC USD 0.0018.4%
- 2CROWDSTRIKE HLDGS INC USD 0.00058.1%
- 3FORTINET I USD 0.0016.7%
- 4PALO ALTO NETWORKS INC USD 0.00016.6%
- 5RUBRIK INC USD 0.0000256.4%
- 6SENTINELONE INC USD 0.00016.2%
- 7QUALYS INC USD 0.0015.8%
- 8BROADCOM INC NPV5.5%
- 9FASTLY INC USD 0.000025.4%
- 10CISCO SYS INC USD 0.0015.3%
These 10 are 64.4% of the fund.
Where the money is invested
Sectors
- Technology96.9%
- Communication Services2.5%
- Industrials0.6%
Countries
- United States85.6%
- Israel5.8%
- Japan5.1%
- Canada3.4%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| USPYXETRAL&G Cyber Security UCITS ETF | 0.69% | 3.4B |
| USPYLSEL&G Cyber Security UCITS ETF | 0.69% | 3.9B |
Assets are shown in each fund's own reporting currency.
How to invest in ISPY 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 ISPY and buy
Find the fund by its ticker, ISPY, on the London Stock Exchange ETF segment, and place your order.
Why invest in ISPY from India
What ISPY holds
The L&G Cyber Security UCITS ETF endeavors to replicate the investment outcomes of the ISE Cyber Security UCITS Index.
Outside US estate tax
ISPY 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 ISPY's UCITS structure matters for Indian investors
ISPY 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 ISPY from India?
Yes. Indian residents can buy L&G Cyber Security UCITS ETF (ISPY) 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 ISPY invest in?
Its largest holdings are CLOUDFLARE INC USD 0.001 (8.4%), CROWDSTRIKE HLDGS INC USD 0.0005 (8.1%) and FORTINET I USD 0.001 (6.7%). Technology is its largest sector at 96.9%. The fund is domiciled in Ireland.
What is the expense ratio of ISPY?
L&G Cyber Security UCITS ETF has an expense ratio of 0.69% a year, taken from the fund's assets rather than billed to you. The fund manages about £2.9B.
Is ISPY a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G Cyber Security 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 ISPY?
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.