London Stock Exchange ETF segment · UCITS ETF
Invest in SPEQ ETF from India
Indian and foreign residents can buy Invesco S&P 500 Equal Weight UCITS ETF (SPEQ) units directly through Paasa.
By Paasa · Updated
SPEQ at a glance
- Price
- $75.70-$0.54 (0.71%)
- Expense ratio
- 0.2%
- Day range
- $75.24 – $76.31
- Assets
- $1.8B
- Domicile
- Ireland
- Holdings
- 503
- Launched
- 2021
- Dividends
- —
- 1 month
- +4.36%
- 6 months
- +8.83%
- YTD
- +15.19%
- 1 year
- +18.97%
- 5 years
- +46.24%
Price change, excluding dividends.
Top 10 holdings
- 1MODERNA INC USD0.00010.3%
- 2PTC INC USD0.010.3%
- 3ACCENTURE PLC-CL A USD0.00002250.3%
- 4IDEXX LABORATORIES INC USD0.10.3%
- 5HASBRO INC USD0.50.3%
- 6METTLER-TOLEDO INTERNATIONAL USD0.010.3%
- 7CARNIVAL CORP LTD USD 0.010.3%
- 8ELI LILLY & CO NPV0.3%
- 9APPLOVIN CORP-CLASS A USD 0.00000.3%
- 10MARRIOTT INTERNATIONAL -CL A USD0.010.2%
SPEQ holds 503 securities in total. These 10 are 2.7% of the fund.
Where the money is invested
Sectors
- Technology16.9%
- Industrials15.1%
- Financial Services13.9%
- Healthcare12.9%
- Consumer Cyclical11.1%
- Consumer Defensive6.6%
Countries
- United States98.8%
- Switzerland0.4%
- China0.2%
- Ireland0.2%
- United Kingdom0.2%
- Mexico0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| RSPAMEXInvesco S&P 500 Equal Weight ETF | 0.2% | 105.3B |
| XDEWLSEXtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.15% | 16.6B |
| EWSPAMSiShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 0.15% | 6.4B |
| ISPELSEiShares S&P 500 Equal Weight UCITS ETF | 0.17% | 392.7M |
| XDEEXETRAXtrackers S&P 500 Equal Weight UCITS ETF 2C EUR Hedged | 0.3% | 15.1B |
Assets are shown in each fund's own reporting currency.
How to invest in SPEQ 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 SPEQ and buy
Find the fund by its ticker, SPEQ, on the London Stock Exchange ETF segment, and place your order.
Why invest in SPEQ from India
What SPEQ holds
The Invesco S&P 500 Equal Weight UCITS ETF Acc is designed to mirror the net total return performance of its benchmark, the S&P 500 Equal Weight Index (referred to as the "Reference Index"), after accounting for applicable fees. This Reference Index comprises all companies found in the standard S&P 500, but crucially, it assigns an equal weighting to each constituent security, rather than weighting them based on their float-adjusted market capitalization.
Outside US estate tax
SPEQ 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
SPEQ 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 SPEQ's UCITS structure matters for Indian investors
SPEQ 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 SPEQ from India?
Yes. Indian residents can buy Invesco S&P 500 Equal Weight UCITS ETF (SPEQ) 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 SPEQ invest in?
Invesco S&P 500 Equal Weight UCITS ETF holds 503 securities. Its largest holdings are MODERNA INC USD0.0001 (0.3%), PTC INC USD0.01 (0.3%) and ACCENTURE PLC-CL A USD0.0000225 (0.3%). Technology is its largest sector at 16.9%. The fund is domiciled in Ireland.
What is the expense ratio of SPEQ?
Invesco S&P 500 Equal Weight UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.8B.
Is SPEQ a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco S&P 500 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 SPEQ?
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.