London Stock Exchange ETF segment · UCITS ETF
Invest in SP1E ETF from India
Indian and foreign residents can buy L&G S&P 100 Equal Weight UCITS ETF (SP1E) units directly through Paasa.
By Paasa · Updated
SP1E at a glance
- Price
- $11.89-$0.11 (0.95%)
- Expense ratio
- 0.19%
- Day range
- $11.89 – $12.04
- Assets
- $43.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2025
- Dividends
- —
- 1 month
- -4.22%
- 6 months
- +14.62%
- YTD
- +9.75%
- 1 year
- +14.62%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1INTEL CORP USD 0.0011.2%
- 2ADVANCED MICRO DEVICES INC USD 0.011.2%
- 3PALO ALTO NETWORKS INC USD 0.00011.2%
- 4META PLATFORMS INC USD 0.0000061.2%
- 5PALANTIR TECHNOLOGIES INC USD 0.0011.1%
- 6INTUITIVE SURGICAL INC USD 0.0011.1%
- 7THERMO FISHER SCIENTIFIC IN USD 1.01.1%
- 8QUALCOMM INC USD 0.00011.1%
- 9DANAHER CORP USD 0.011.1%
- 10LILLY ELI + CO NPV1.1%
These 10 are 11.5% of the fund.
Where the money is invested
Countries
- United States97.0%
- Ireland2.0%
- United Kingdom1.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EQWLAMEXInvesco S&P 100 Equal Weight ETF | 0.3% | 2.8B |
Assets are shown in each fund's own reporting currency.
How to invest in SP1E 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 SP1E and buy
Find the fund by its ticker, SP1E, on the London Stock Exchange ETF segment, and place your order.
Why invest in SP1E from India
What SP1E holds
The investment objective of L&G S&P 100 Equal Weight UCITS ETF (the Fund) is to provide equally weighted exposure to the large cap equity market in the United States
Outside US estate tax
SP1E 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
SP1E 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 SP1E's UCITS structure matters for Indian investors
SP1E 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 SP1E from India?
Yes. Indian residents can buy L&G S&P 100 Equal Weight UCITS ETF (SP1E) 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 SP1E invest in?
Its largest holdings are INTEL CORP USD 0.001 (1.2%), ADVANCED MICRO DEVICES INC USD 0.01 (1.2%) and PALO ALTO NETWORKS INC USD 0.0001 (1.2%). The fund is domiciled in Ireland.
What is the expense ratio of SP1E?
L&G S&P 100 Equal Weight UCITS ETF has an expense ratio of 0.19% a year, taken from the fund's assets rather than billed to you. The fund manages about $43.5M.
Is SP1E a UCITS ETF, and why does that matter for Indian investors?
Yes. L&G S&P 100 Equal Weight 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 SP1E?
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.