London Stock Exchange ETF segment · UCITS ETF
Invest in SP5L ETF from India
Indian and foreign residents can buy Amundi Core S&P 500 Swap UCITS ETF (SP5L) units directly through Paasa.
By Paasa · Updated
SP5L at a glance
- Price
- £420.77-£2.34 (0.55%)
- Expense ratio
- 0.05%
- Day range
- £419.96 – £423.02
- Assets
- £25.3B
- Domicile
- Luxembourg
- Holdings
- 475
- Launched
- 2014
- Dividends
- Accumulating
- 1 month
- +2.28%
- 6 months
- +17.42%
- YTD
- +13.60%
- 1 year
- +17.64%
- 5 years
- +93.63%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INC8.6%
- 2MICROSOFT CORP7.3%
- 3AMAZON.COM INC6.5%
- 4NVIDIA CORP5.7%
- 5ALPHABET INC CL A3.1%
- 6MICRON TECHNOLOGY INC2.7%
- 7TESLA INC2.6%
- 8ADVANCED MICRO DEVICES1.9%
- 9COSTCO WHOLESALE CORP1.7%
- 10META PLATFORMS INC-CLASS A1.7%
SP5L holds 475 securities in total. These 10 are 42.0% of the fund.
Where the money is invested
Sectors
- Technology38.7%
- Financial Services12.1%
- Communication Services9.5%
- Consumer Cyclical9.3%
- Healthcare9.3%
- Industrials7.8%
Countries
- United States94.5%
- Switzerland1.1%
- United Kingdom1.0%
- France0.9%
- Ireland0.8%
- Sweden0.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XSPXLSEXtrackers S&P 500 Swap UCITS ETF 1C | 0.15% | 6.8B |
| LSPXLSEAmundi Core S&P 500 Swap UCITS ETF USD Dist | 0.05% | 25.3B |
| I500LSEiShares S&P 500 Swap UCITS ETF | 0.05% | 11.8B |
| SP5CLSEAmundi Core S&P 500 Swap UCITS ETF Acc | 0.05% | 33.6B |
| LSPULSEAmundi Core S&P 500 Swap UCITS ETF USD Dist | 0.05% | 33.6B |
Assets are shown in each fund's own reporting currency.
How to invest in SP5L 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 SP5L and buy
Find the fund by its ticker, SP5L, on the London Stock Exchange ETF segment, and place your order.
Why invest in SP5L from India
What SP5L holds
This Amundi Core S&P 500 Swap UCITS ETF (Acc) aims to closely mirror the performance of the S&P 500 Net Total Return Index, irrespective of whether market trends are upward or downward. Its primary objective is to replicate the returns of this benchmark as precisely as possible, ensuring minimal deviation between the fund's net asset value and the Index's actual performance.
Outside US estate tax
SP5L is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from SP5L's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 SP5L's UCITS structure matters for Indian investors
SP5L is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy SP5L from India?
Yes. Indian residents can buy Amundi Core S&P 500 Swap UCITS ETF (SP5L) 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 SP5L invest in?
Amundi Core S&P 500 Swap UCITS ETF holds 475 securities. Its largest holdings are APPLE INC (8.6%), MICROSOFT CORP (7.3%) and AMAZON.COM INC (6.5%). Technology is its largest sector at 38.7%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of SP5L?
Amundi Core S&P 500 Swap UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about £25.3B.
Is SP5L a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core S&P 500 Swap UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does SP5L pay dividends?
No. Amundi Core S&P 500 Swap UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell SP5L?
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.