XETRA · UCITS ETF
Invest in S0LR ETF from India
Indian and foreign residents can buy Invesco Solar Energy UCITS ETF (S0LR) units directly through Paasa.
By Paasa · Updated
S0LR at a glance
- Price
- €19.85-€0.35 (1.72%)
- Expense ratio
- 0.69%
- Day range
- €19.72 – €20.46
- Assets
- €112.1M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -6.71%
- 6 months
- -22.78%
- YTD
- -11.57%
- 1 year
- -1.14%
- 5 years
- -45.73%
Price change, excluding dividends.
Top 10 holdings
- 1Nextpower Inc USD 0.00010000010.0%
- 2FIRST SOLAR INC USD0.0018.9%
- 3ENLIGHT RENEWABLE ENERGY LTD ILs 0.01008.0%
- 4ENPHASE ENERGY INC USD0.000017.1%
- 5DORAL GROUP RENEWABLE ENERGY ILS NPV5.0%
- 6HA Sustainable Infrastructure Capital Inc USD 0.014.8%
- 7GCL Technology Holdings Ltd HKD0.14.7%
- 8SOLAREDGE TECHNOLOGIES INC USD0.00013.8%
- 9SUNRUN INC USD0.00013.8%
- 10CLEARWAY ENERGY INC-C NPV3.8%
These 10 are 59.8% of the fund.
Where the money is invested
Countries
- United States44.7%
- Israel21.6%
- China11.8%
- Taiwan (Province of China)6.0%
- Spain5.3%
- Germany2.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ISUNLSEInvesco Solar Energy UCITS ETF | 0.69% | 127.1M |
Assets are shown in each fund's own reporting currency.
How to invest in S0LR 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 S0LR and buy
Find the fund by its ticker, S0LR, on XETRA, and place your order.
Why invest in S0LR from India
What S0LR holds
The investment objective of the Fund is to achieve the net total return performance of the MAC Global Solar Energy Index (the Reference Index) less fees, expenses and transaction costs.
Outside US estate tax
S0LR 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 S0LR's UCITS structure matters for Indian investors
S0LR 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 S0LR from India?
Yes. Indian residents can buy Invesco Solar Energy UCITS ETF (S0LR) 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 S0LR invest in?
Its largest holdings are Nextpower Inc USD 0.000100000 (10.0%), FIRST SOLAR INC USD0.001 (8.9%) and ENLIGHT RENEWABLE ENERGY LTD ILs 0.0100 (8.0%). The fund is domiciled in Ireland.
What is the expense ratio of S0LR?
Invesco Solar Energy UCITS ETF has an expense ratio of 0.69% a year, taken from the fund's assets rather than billed to you. The fund manages about €112.1M.
Is S0LR a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Solar Energy 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.
What tax do I pay in India when I sell S0LR?
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.