London Stock Exchange ETF segment · UCITS ETF
Invest in IUSE ETF from India
Indian and foreign residents can buy iShares S&P 500 UCITS ETF (IUSE) units directly through Paasa.
By Paasa · Updated
IUSE at a glance
- Price
- €157.53-€0.85 (0.54%)
- Expense ratio
- 0.2%
- Day range
- €157.27 – €158.45
- Assets
- €9.0B
- Domicile
- Ireland
- Holdings
- 504
- Launched
- 2010
- Dividends
- Accumulating
- 1 month
- -1.14%
- 6 months
- +19.05%
- YTD
- +10.01%
- 1 year
- +14.43%
- 5 years
- +65.07%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIANVDA8.3%
- 2APPLEAAPL7.5%
- 3MICROSOFTMSFT5.7%
- 4AMAZON.COM INCAMZN3.8%
- 5ALPHABET CLASS AGOOGL3.1%
- 6META PLATFORMS CLASS AMETA2.6%
- 7BROADCOM INCAVGO2.6%
- 8ALPHABET CLASS CGOOG2.5%
- 9MICRON TECHNOLOGYMU1.9%
- 10TESLA INCTSLA1.6%
IUSE holds 504 securities in total. These 10 are 39.5% of the fund.
Where the money is invested
Sectors
- Technology38.5%
- Financial Services12.1%
- Communication Services9.6%
- Consumer Cyclical9.3%
- Healthcare9.3%
- Industrials7.8%
Countries
- United States97.7%
- Ireland1.2%
- United Kingdom0.4%
- Switzerland0.3%
- Other0.2%
- Netherlands0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VOOAMEXVanguard S&P 500 ETF | 0.03% | 1.8T |
| IVVAMEXiShares Core S&P 500 ETF | 0.03% | 882.2B |
| CSPXLSEiShares Core S&P 500 UCITS ETF | 0.07% | 155.3B |
| VUAALSEVanguard S&P 500 UCITS ETF (USD) Accumulating | 0.07% | 89.2B |
| SPXSLSEInvesco S&P 500 UCITS ETF | 0.05% | 59.5B |
Assets are shown in each fund's own reporting currency.
How to invest in IUSE 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 IUSE and buy
Find the fund by its ticker, IUSE, on the London Stock Exchange ETF segment, and place your order.
Why invest in IUSE from India
What IUSE holds
The primary objective of this fund is to mirror the performance of an index featuring 500 large-capitalization American businesses. Crucially, it also implements a monthly hedging mechanism to convert the U.S. dollar currency risk inherent in the index back into euros.
Outside US estate tax
IUSE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from IUSE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 IUSE's UCITS structure matters for Indian investors
IUSE 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 IUSE from India?
Yes. Indian residents can buy iShares S&P 500 UCITS ETF (IUSE) through Paasa. It is listed on the London Stock Exchange ETF segment 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 IUSE invest in?
iShares S&P 500 UCITS ETF holds 504 securities. Its largest holdings are NVIDIA (8.3%), APPLE (7.5%) and MICROSOFT (5.7%). Technology is its largest sector at 38.5%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IUSE?
iShares S&P 500 UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €9.0B.
Is IUSE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares S&P 500 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.
Does IUSE pay dividends?
No. iShares S&P 500 UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell IUSE?
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.