London Stock Exchange ETF segment · UCITS ETF
Invest in PAVU ETF from India
Indian and foreign residents can buy Global X U.S. Infrastructure Development UCITS ETF (PAVU) units directly through Paasa.
By Paasa · Updated
PAVU at a glance
- Price
- $48.05-$0.48 (0.99%)
- Expense ratio
- 0.47%
- Day range
- $48.05 – $48.05
- Assets
- $36.9M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -5.28%
- 6 months
- +4.84%
- YTD
- +7.93%
- 1 year
- +11.61%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1QUANTA SERVICES INC4.0%
- 2DEERE & CO3.9%
- 3CSX CORP3.8%
- 4EATON CORP PLC3.8%
- 5UNION PACIFIC CORP3.5%
- 6TRANE TECHNOLOGIES PLC3.4%
- 7FASTENAL CO3.3%
- 8NUCOR CORP3.2%
- 9UNITED RENTALS INC3.2%
- 10NORFOLK SOUTHERN CORP3.2%
These 10 are 35.3% of the fund.
Where the money is invested
Countries
- United States88.8%
- Ireland9.2%
- Switzerland1.2%
- United Kingdom0.5%
- Belgium0.2%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| PAVELSEGlobal X - U.S. Infrastructure Development UCITS ETF | 0.47% | 866.3M |
Assets are shown in each fund's own reporting currency.
How to invest in PAVU 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 PAVU and buy
Find the fund by its ticker, PAVU, on the London Stock Exchange ETF segment, and place your order.
Why invest in PAVU from India
What PAVU holds
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Indxx U.S. Infrastructure Development v2 Index
Outside US estate tax
PAVU 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
PAVU 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 PAVU's UCITS structure matters for Indian investors
PAVU 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 PAVU from India?
Yes. Indian residents can buy Global X U.S. Infrastructure Development UCITS ETF (PAVU) 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 PAVU invest in?
Its largest holdings are QUANTA SERVICES INC (4.0%), DEERE & CO (3.9%) and CSX CORP (3.8%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of PAVU?
Global X U.S. Infrastructure Development UCITS ETF has an expense ratio of 0.47% a year, taken from the fund's assets rather than billed to you. The fund manages about $36.9M.
Is PAVU a UCITS ETF, and why does that matter for Indian investors?
Yes. Global X U.S. Infrastructure Development 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.
How are PAVU dividends taxed in India?
Global X U.S. Infrastructure Development UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell PAVU?
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.