London Stock Exchange ETF segment · UCITS ETF
Invest in S100 ETF from India
Indian and foreign residents can buy Invesco FTSE 100 UCITS ETF (S100) units directly through Paasa.
By Paasa · Updated
S100 at a glance
- Price
- £118.40+£0.20 (0.17%)
- Expense ratio
- 0.09%
- Day range
- £117.94 – £119.24
- Assets
- £35.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -1.52%
- 6 months
- +8.46%
- YTD
- +9.61%
- 1 year
- +17.74%
- 5 years
- +77.23%
Price change, excluding dividends.
Top 10 holdings
- 1HSBC HOLDINGS ORD10.3%
- 2SHELL ORD8.3%
- 3ASTRAZENECA ORD7.4%
- 4ROLLS-ROYCE HOLDINGS ORD4.9%
- 5UNILEVER ORD3.8%
- 6BP ORD3.4%
- 7BRITISH AMERICAN TOBACCO ORD3.3%
- 8GSK ORD2.9%
- 9RIO TINTO ORD2.9%
- 10LLOYDS BANKING GROUP ORD2.5%
These 10 are 49.7% of the fund.
Where the money is invested
Sectors
- Financial Services26.4%
- Industrials14.3%
- Consumer Defensive13.8%
- Healthcare11.9%
- Energy10.8%
- Basic Materials8.8%
Countries
- United Kingdom94.4%
- Switzerland2.5%
- Ireland1.1%
- Hong Kong0.9%
- Bermuda0.2%
- Mexico0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VUKELSEVanguard FTSE 100 UCITS ETF | 0.09% | 6.7B |
| CUKXLSEiShares Core FTSE 100 UCITS ETF GBP (Acc) | 0.07% | 3.2B |
| HUKXLSEHSBC FTSE 100 UCITS ETF | 0.07% | 863.3M |
| ISFULSEiShares Core FTSE 100 UCITS ETF | 0.07% | 21.6B |
| ISFDLSEiShares Core FTSE 100 UCITS ETF | 0.2% | 232.0M |
Assets are shown in each fund's own reporting currency.
How to invest in S100 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 GBP when you buy.
Step 3
Search S100 and buy
Find the fund by its ticker, S100, on the London Stock Exchange ETF segment, and place your order.
Why invest in S100 from India
What S100 holds
This Invesco FTSE 100 UCITS ETF Acc is designed to replicate the total return performance of the FTSE 100 Index, its designated benchmark, net of all expenses. The FTSE 100 Index itself comprises the one hundred largest, established UK companies, listed on the London Stock Exchange, which meet specific criteria for size and trading volume.
Outside US estate tax
S100 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 S100's UCITS structure matters for Indian investors
S100 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 S100 from India?
Yes. Indian residents can buy Invesco FTSE 100 UCITS ETF (S100) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 S100 invest in?
Its largest holdings are HSBC HOLDINGS ORD (10.3%), SHELL ORD (8.3%) and ASTRAZENECA ORD (7.4%). Financial Services is its largest sector at 26.4%. The fund is domiciled in Ireland.
What is the expense ratio of S100?
Invesco FTSE 100 UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about £35.0M.
Is S100 a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco FTSE 100 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 S100?
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 GBP/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.