London Stock Exchange ETF segment · UCITS ETF
Invest in SP1 ETF from India
Indian and foreign residents can buy L&G S&P 100 UCITS ETF (SP1) units directly through Paasa.
By Paasa · Updated
SP1 at a glance
- Price
- $11.41+$0.03 (0.23%)
- Expense ratio
- 0.15%
- Day range
- $11.41 – $11.41
- Assets
- $76.8M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2025
- Dividends
- —
Top 10 holdings
- 1APPLE INC USD 0.0000110.7%
- 2NVIDIA CORP USD 0.0019.1%
- 3MICROSOFT COM USD0.000006258.5%
- 4AMAZON COM INC USD 0.015.5%
- 5ALPHABET INC CLASS A3.6%
- 6BROADCOM INC NPV3.2%
- 7META PLATFORMS INC USD 0.0000063.0%
- 8ALPHABET INC CLASS C2.9%
- 9LILLY ELI + CO NPV2.3%
- 10BERKSHIRE HATHAWAY INC SH B 0.00332.3%
These 10 are 51.0% of the fund.
Where the money is invested
Sectors
- Technology43.4%
- Communication Services11.4%
- Financial Services11.3%
- Healthcare10.1%
- Consumer Cyclical9.7%
- Consumer Defensive5.4%
Countries
- United States100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| OEFAMEXiShares S&P 100 ETF | 0.2% | 19.5B |
Assets are shown in each fund's own reporting currency.
How to invest in SP1 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 SP1 and buy
Find the fund by its ticker, SP1, on the London Stock Exchange ETF segment, and place your order.
Why invest in SP1 from India
What SP1 holds
The L&G S&P 100 UCITS ETF is a passively managed exchange traded fund (ETF) that aims to track the performance of the S&P 100 Index Net Total Return. The fund invests in stocks, with its major sectors being Electronic Technology and Technology Services.
Outside US estate tax
SP1 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
SP1 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 SP1's UCITS structure matters for Indian investors
SP1 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 SP1 from India?
Yes. Indian residents can buy L&G S&P 100 UCITS ETF (SP1) 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 SP1 invest in?
Its largest holdings are APPLE INC USD 0.00001 (10.7%), NVIDIA CORP USD 0.001 (9.1%) and MICROSOFT COM USD0.00000625 (8.5%). Technology is its largest sector at 43.4%. The fund is domiciled in Ireland.
What is the expense ratio of SP1?
L&G S&P 100 UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $76.8M.
Is SP1 a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G S&P 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 SP1?
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.