London Stock Exchange ETF segment · UCITS ETF
Invest in IUUS ETF from India
Indian and foreign residents can buy iShares S&P 500 Utilities Sector UCITS ETF (IUUS) units directly through Paasa.
By Paasa · Updated
IUUS at a glance
- Price
- $9.80-$0.09 (0.94%)
- Expense ratio
- 0.15%
- Day range
- $9.80 – $9.88
- Assets
- $1.1B
- Domicile
- Ireland
- Holdings
- 31
- Launched
- 2017
- Dividends
- —
- 1 month
- -8.86%
- 6 months
- -13.14%
- YTD
- -7.22%
- 1 year
- -6.60%
- 5 years
- +35.61%
Price change, excluding dividends.
Top 10 holdings
- 1NEXTERA ENERGYNEE12.7%
- 2SOUTHERNSO7.7%
- 3DUKE ENERGY CORPDUK7.1%
- 4CONSTELLATION ENERGY CORPCEG7.0%
- 5AMERICAN ELECTRIC POWER INCAEP5.2%
- 6DOMINION ENERGYD4.3%
- 7SEMPRASRE4.1%
- 8ENTERGY CORPETR3.7%
- 9VISTRAVST3.5%
- 10XCEL ENERGY INCXEL3.5%
IUUS holds 31 securities in total. These 10 are 58.7% of the fund.
Where the money is invested
Countries
- United States99.3%
- Ireland0.4%
- Other0.3%
How to invest in IUUS 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 IUUS and buy
Find the fund by its ticker, IUUS, on the London Stock Exchange ETF segment, and place your order.
Why invest in IUUS from India
What IUUS holds
The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the S&P 500 Capped 35/20 Utilities Index.
Outside US estate tax
IUUS 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
IUUS 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 IUUS' UCITS structure matters for Indian investors
IUUS 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 IUUS from India?
Yes. Indian residents can buy iShares S&P 500 Utilities Sector UCITS ETF (IUUS) 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 IUUS invest in?
iShares S&P 500 Utilities Sector UCITS ETF holds 31 securities. Its largest holdings are NEXTERA ENERGY (12.7%), SOUTHERN (7.7%) and DUKE ENERGY CORP (7.1%). The fund is domiciled in Ireland.
What is the expense ratio of IUUS?
iShares S&P 500 Utilities 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 $1.1B.
Is IUUS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares S&P 500 Utilities 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 IUUS?
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.