London Stock Exchange ETF segment · UCITS ETF
Invest in IUIT ETF from India
Indian and foreign residents can buy iShares S&P 500 Information Technology Sector UCITS ETF (IUIT) units directly through Paasa.
By Paasa · Updated
IUIT at a glance
- Price
- $47.12-$1.40 (2.89%)
- Expense ratio
- 0.15%
- Day range
- $46.77 – $48.56
- Assets
- $18.4B
- Domicile
- Ireland
- Holdings
- 76
- Launched
- 2015
- Dividends
- —
- 1 month
- -11.38%
- 6 months
- -5.67%
- YTD
- +11.29%
- 1 year
- +11.39%
- 5 years
- +124.01%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE21.5%
- 2NVIDIA17.0%
- 3MICROSOFT16.5%
- 4BROADCOM INC7.3%
- 5ADVANCED MICRO DEVICES4.0%
- 6MICRON TECHNOLOGY3.8%
- 7CISCO SYSTEMS INC1.7%
- 8PALANTIR TECHNOLOGIES CLASS A1.7%
- 9INTEL CORPORATION1.3%
- 10APPLIED MATERIAL INC1.3%
IUIT holds 76 securities in total. These 10 are 76.1% of the fund.
Where the money is invested
Sectors
- Semiconductors38.0%
- Technology Hardware, Storage & Peripherals24.1%
- Systems Software21.4%
- Application Software5.2%
- Semiconductor Equipment3.3%
- Communications Equip.3.1%
Countries
- United States99.6%
- China0.3%
- Mexico0.1%
How to invest in IUIT 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 IUIT and buy
Find the fund by its ticker, IUIT, on the London Stock Exchange ETF segment, and place your order.
Why invest in IUIT from India
What IUIT holds
This ETF is designed to replicate the financial performance of a specific benchmark. This benchmark consists exclusively of companies operating within the U.S. Information Technology industry, as categorized by the Global Industry Classification Standard (GICS).
Outside US estate tax
IUIT 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
IUIT 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 IUIT's UCITS structure matters for Indian investors
IUIT 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 IUIT from India?
Yes. Indian residents can buy iShares S&P 500 Information Technology Sector UCITS ETF (IUIT) 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 IUIT invest in?
iShares S&P 500 Information Technology Sector UCITS ETF holds 76 securities. Its largest holdings are APPLE (21.5%), NVIDIA (17.0%) and MICROSOFT (16.5%). Semiconductors is its largest sector at 38.0%. The fund is domiciled in Ireland.
What is the expense ratio of IUIT?
iShares S&P 500 Information Technology 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 $18.4B.
Is IUIT a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares S&P 500 Information Technology 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 IUIT?
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.