Euronext Amsterdam · UCITS ETF
Invest in IUVE ETF from India
Indian and foreign residents can buy iShares MSCI USA Value Factor Advanced UCITS ETF (IUVE) units directly through Paasa.
By Paasa · Updated
IUVE at a glance
- Price
- $9.38+$0.08 (0.83%)
- Expense ratio
- 0.2%
- Day range
- $9.33 – $9.39
- Assets
- $145.8M
- Domicile
- Ireland
- Holdings
- 141
- Launched
- 2021
- Dividends
- Accumulating
- 1 month
- -2.78%
- 6 months
- +28.02%
- YTD
- +23.96%
- 1 year
- +35.22%
- 5 years
- +90.75%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA6.0%
- 2APPLE5.3%
- 3MICRON TECHNOLOGY4.6%
- 4MICROSOFT3.2%
- 5SALESFORCE2.7%
- 6CITIGROUP2.4%
- 7PFIZER2.4%
- 8VERIZON COMMUNICATIONS INC2.1%
- 9CISCO SYSTEMS INC2.0%
- 10AMAZON.COM INC1.8%
IUVE holds 141 securities in total. These 10 are 32.4% of the fund.
Where the money is invested
Sectors
- Technology37.9%
- Financial Services15.3%
- Healthcare13.7%
- Consumer Cyclical7.6%
- Industrials6.9%
- Communication Services6.3%
Countries
- United States96.0%
- Ireland2.0%
- Netherlands1.0%
- Bermuda0.7%
- Switzerland0.3%
- United Kingdom0.0%
How to invest in IUVE 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 IUVE and buy
Find the fund by its ticker, IUVE, on Euronext Amsterdam, and place your order.
Why invest in IUVE from India
What IUVE holds
The Fund seeks to provide investors with a return, made up of capital growth and income, which reflects the return of the MSCI USA Value ESG Reduced Carbon Target Select Index.
Outside US estate tax
IUVE 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 IUVE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
IUVE 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 IUVE's UCITS structure matters for Indian investors
IUVE 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 IUVE from India?
Yes. Indian residents can buy iShares MSCI USA Value Factor Advanced UCITS ETF (IUVE) through Paasa. It is listed on Euronext Amsterdam 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 IUVE invest in?
iShares MSCI USA Value Factor Advanced UCITS ETF holds 141 securities. Its largest holdings are NVIDIA (6.0%), APPLE (5.3%) and MICRON TECHNOLOGY (4.6%). Technology is its largest sector at 37.9%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of IUVE?
iShares MSCI USA Value Factor Advanced 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 $145.8M.
Is IUVE a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI USA Value Factor Advanced 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 IUVE pay dividends?
No. iShares MSCI USA Value Factor Advanced 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 IUVE?
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.