London Stock Exchange ETF segment · UCITS ETF
Invest in IVAI ETF from India
Indian and foreign residents can buy Invesco Artificial Intelligence Enablers UCITS ETF AccumUSD (IVAI) units directly through Paasa.
By Paasa · Updated
IVAI at a glance
- Price
- $11.17-$0.01 (0.09%)
- Expense ratio
- 0.35%
- Day range
- $11.16 – $11.18
- Assets
- $42.1M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2024
- Dividends
- —
- 1 month
- +4.39%
- 6 months
- +44.50%
- YTD
- +35.23%
- 1 year
- +39.28%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1INTEL CORP USD0.0013.2%
- 2DELL TECHNOLOGIES -C NPV3.0%
- 3Everpure Inc CLASS A USD0.00012.9%
- 4DIGITALOCEAN HOLDINGS INC USD 0.00002.9%
- 5RACKSPACE TECHNOLOGY INC USD 0.01002.8%
- 6SUPER MICRO COMPUTER INC USD0.0012.8%
- 7LUMENTUM HOLDINGS INC USD0.0012.7%
- 8NETAPP INC USD0.0012.7%
- 9SEAGATE TECHNOLOGY HOLDINGS USD NPV2.7%
- 10NICE LTD ILS 1.00002.6%
These 10 are 28.3% of the fund.
Where the money is invested
Countries
- United States72.8%
- China9.3%
- Taiwan (Province of China)5.7%
- Canada3.6%
- Singapore2.7%
- Israel2.6%
How to invest in IVAI 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 IVAI and buy
Find the fund by its ticker, IVAI, on the London Stock Exchange ETF segment, and place your order.
Why invest in IVAI from India
What IVAI holds
The objective of the Fund is to provide exposure to global listed companies that are developing and enabling technology, infrastructure and services propelling the growth and functionality of artificial intelligence (AI).
Outside US estate tax
IVAI 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
IVAI 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 IVAI's UCITS structure matters for Indian investors
IVAI 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 IVAI from India?
Yes. Indian residents can buy Invesco Artificial Intelligence Enablers UCITS ETF AccumUSD (IVAI) 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 IVAI invest in?
Its largest holdings are INTEL CORP USD0.001 (3.2%), DELL TECHNOLOGIES -C NPV (3.0%) and Everpure Inc CLASS A USD0.0001 (2.9%). The fund is domiciled in Ireland.
What is the expense ratio of IVAI?
Invesco Artificial Intelligence Enablers UCITS ETF AccumUSD has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $42.1M.
Is IVAI a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Artificial Intelligence Enablers UCITS ETF AccumUSD 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 IVAI?
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.