London Stock Exchange ETF segment · UCITS ETF
Invest in IUCM ETF from India
Indian and foreign residents can buy iShares S&P 500 Communication Sector UCITS ETF (IUCM) units directly through Paasa.
By Paasa · Updated
IUCM at a glance
- Price
- $14.10+$0.11 (0.82%)
- Expense ratio
- 0.15%
- Day range
- $14.05 – $14.11
- Assets
- $1.3B
- Domicile
- Ireland
- Holdings
- 23
- Launched
- 2018
- Dividends
- —
- 1 month
- -1.26%
- 6 months
- +7.22%
- YTD
- -0.77%
- 1 year
- +1.44%
- 5 years
- +61.33%
Price change, excluding dividends.
Top 10 holdings
- 1META PLATFORMS CLASS A19.4%
- 2ALPHABET CLASS A17.9%
- 3ALPHABET CLASS C14.3%
- 4NETFLIX10.4%
- 5VERIZON COMMUNICATIONS INC7.0%
- 6WALT DISNEY6.6%
- 7AT&T6.1%
- 8APPLOVIN CLASS A3.0%
- 9T MOBILE US INC2.9%
- 10WARNER BROS. DISCOVERY SERIES A2.8%
IUCM holds 23 securities in total. These 10 are 90.4% of the fund.
Where the money is invested
Sectors
- Communication Services95.4%
- Technology4.2%
Countries
- United States99.7%
- Other0.2%
- Ireland0.0%
How to invest in IUCM 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 IUCM and buy
Find the fund by its ticker, IUCM, on the London Stock Exchange ETF segment, and place your order.
Why invest in IUCM from India
What IUCM holds
This fund's objective is to mirror the performance of an underlying index. This index is comprised of companies operating in the U.S. Communication Services industry, with their classification determined by the Global Industry Classification Standard (GICS).
Outside US estate tax
IUCM 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
IUCM 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 IUCM's UCITS structure matters for Indian investors
IUCM 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 IUCM from India?
Yes. Indian residents can buy iShares S&P 500 Communication Sector UCITS ETF (IUCM) 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 IUCM invest in?
iShares S&P 500 Communication Sector UCITS ETF holds 23 securities. Its largest holdings are META PLATFORMS CLASS A (19.4%), ALPHABET CLASS A (17.9%) and ALPHABET CLASS C (14.3%). Communication Services is its largest sector at 95.4%. The fund is domiciled in Ireland.
What is the expense ratio of IUCM?
iShares S&P 500 Communication Sector UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.3B.
Is IUCM a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares S&P 500 Communication Sector 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 IUCM?
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.