NASDAQ · ETF
Invest in PIO ETF from India
Indian and foreign residents can buy Invesco Global Water ETF (PIO) units directly through Paasa.
By Paasa · Updated
PIO at a glance
- Price
- $43.23-$0.05 (0.10%)
- Expense ratio
- 0.75%
- Day range
- $43.23 – $43.45
- Assets
- $262.4M
- Domicile
- the US
- Holdings
- 41
- Launched
- 2007
- Dividends
- Distributing
- 1 month
- -3.23%
- 6 months
- -0.43%
- YTD
- -2.89%
- 1 year
- -3.69%
- 5 years
- +8.55%
Price change, excluding dividends.
Top 10 holdings
- 1Ebara Corp8.2%
- 2Ferguson Enterprises Inc8.2%
- 3Ecolab Inc8.0%
- 4Pentair PLC7.3%
- 5Cia de Saneamento Basico do Estado de Sao Paulo SABESP6.9%
- 6Waters Corp4.4%
- 7COPASA4.2%
- 8IDEXX Laboratories Inc3.9%
- 9Veolia Environnement SA3.8%
- 10Agilent Technologies Inc3.7%
PIO holds 41 securities in total. These 10 are 58.6% of the fund.
Where the money is invested
Sectors
- Industrials49.6%
- Utilities16.9%
- Healthcare11.3%
- Technology10.2%
- Basic Materials10.0%
- Consumer Cyclical1.9%
Countries
- United States39.1%
- United Kingdom14.3%
- Japan13.0%
- Brazil10.9%
- Switzerland6.9%
- France3.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| DH2OLSEiShares Global Water UCITS ETF | 0.65% | 2.1B |
| H2OAAMSiShares Global Water UCITS ETF | 0.65% | 58.4M |
Assets are shown in each fund's own reporting currency.
How to invest in PIO 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 PIO and buy
Find the fund by its ticker, PIO, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in PIO from India
What PIO holds
The Invesco Global Water ETF seeks to replicate the performance of the Nasdaq OMX Global Water Index. A significant majority, typically at least 90%, of the fund's total assets are invested in companies listed on international exchanges that are involved in developing products and solutions for water purification and conservation across residential, commercial, and industrial applications.
Hold a dollar asset
PIO 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one PIO unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy PIO from India?
Yes. Indian residents can buy Invesco Global Water ETF (PIO) through Paasa. It is listed on NASDAQ 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 PIO invest in?
Invesco Global Water ETF holds 41 securities. Its largest holdings are Ebara Corp (8.2%), Ferguson Enterprises Inc (8.2%) and Ecolab Inc (8.0%). Industrials is its largest sector at 49.6%. It is a distributing fund domiciled in the US.
What is the expense ratio of PIO?
Invesco Global Water ETF has an expense ratio of 0.75% a year, taken from the fund's assets rather than billed to you. The fund manages about $262.4M.
How are PIO dividends taxed in India?
Invesco Global Water ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 PIO?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one PIO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $43.23, and there is no minimum trade size.
What happens to my PIO units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.