XETRA · UCITS ETF
Invest in IVDF ETF from India
Indian and foreign residents can buy Invesco Defence Innovation UCITS ETF AccumUSD (IVDF) units directly through Paasa.
By Paasa · Updated
IVDF at a glance
- Price
- €8.45+€0.05 (0.61%)
- Expense ratio
- 0%
- Day range
- €8.39 – €8.50
- Assets
- €135.1M
- Domicile
- Ireland
- Holdings
- 68
- Launched
- 2024
- Dividends
- —
- 1 month
- -4.07%
- 6 months
- +6.97%
- YTD
- +18.03%
- 1 year
- +21.07%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1BRUKER CORP USD0.012.1%
- 2ROCKET LAB CORP USD NPV2.0%
- 3KOPIN CORP USD0.012.0%
- 4FIREFLY AEROSP USD 0.0001000002.0%
- 5MDA SPACE LTDCAD NPV1.9%
- 6MOOG INC-CLASS A USD11.9%
- 7Ondas Inc USD 0.00011.9%
- 8REDWIRE CORP USD 0.00011.9%
- 9AEROVIRONMENT INC USD0.00011.9%
- 10IRIDIUM COMMUNICATIONS INC USD0.0011.8%
IVDF holds 68 securities in total. These 10 are 19.2% of the fund.
Where the money is invested
Sectors
- Industrials67.3%
- Technology24.0%
- Healthcare3.4%
- Communication Services3.0%
- Energy2.3%
Countries
- United States68.0%
- France8.0%
- United Kingdom5.1%
- Italy3.0%
- Australia2.9%
- Germany2.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IDFNLSEInvesco Defence Innovation UCITS ETF AccumUSD | 0.35% | 156.1M |
Assets are shown in each fund's own reporting currency.
How to invest in IVDF 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 IVDF and buy
Find the fund by its ticker, IVDF, on XETRA, and place your order.
Why invest in IVDF from India
What IVDF holds
The objective of the Fund is to provide exposure to the performance of global listed companies that are developing sophisticated weapons, defensive systems and other solutions for securing borders.
Outside US estate tax
IVDF is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 IVDF's UCITS structure matters for Indian investors
IVDF 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 IVDF from India?
Yes. Indian residents can buy Invesco Defence Innovation UCITS ETF AccumUSD (IVDF) through Paasa. It is listed on XETRA 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 IVDF invest in?
Invesco Defence Innovation UCITS ETF AccumUSD holds 68 securities. Its largest holdings are BRUKER CORP USD0.01 (2.1%), ROCKET LAB CORP USD NPV (2.0%) and KOPIN CORP USD0.01 (2.0%). Industrials is its largest sector at 67.3%. The fund is domiciled in Ireland.
What is the expense ratio of IVDF?
Invesco Defence Innovation UCITS ETF AccumUSD has an expense ratio of 0% a year, taken from the fund's assets rather than billed to you. The fund manages about €135.1M.
Is IVDF a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Defence Innovation 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 IVDF?
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.