London Stock Exchange ETF segment · UCITS ETF
Invest in SPLW ETF from India
Indian and foreign residents can buy Invesco S&P 500 Low Volatility UCITS ETF (SPLW) units directly through Paasa.
By Paasa · Updated
SPLW at a glance
- Price
- $51.68-$0.27 (0.52%)
- Expense ratio
- 0.25%
- Day range
- $51.62 – $51.93
- Assets
- $136.0M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -6.51%
- 6 months
- -1.66%
- YTD
- +0.04%
- 1 year
- -0.50%
- 5 years
- +24.48%
Price change, excluding dividends.
Top 10 holdings
- 1BERKSHIRE HATHAWAY INC-CL B USD0.0033BRK-B1.4%
- 2REGENCY CENTERS CORP USD0.01REG1.3%
- 3WEC ENERGY GROUP INC USD0.01WEC1.3%
- 4DUKE ENERGY CORP USD0.001DUK1.2%
- 5EVERGY INC NPVEVRG1.2%
- 6FIRSTENERGY CORP USD0.1FE1.2%
- 7ATMOS ENERGY CORP NPVATO1.2%
- 8LOEWS CORP USD0.01L1.2%
- 9JOHNSON & JOHNSON USD1JNJ1.2%
- 10AFLAC INC USD0.1AFL1.2%
These 10 are 12.6% of the fund.
Where the money is invested
Sectors
- Utilities27.0%
- Financial Services24.2%
- Real Estate16.9%
- Industrials12.8%
- Consumer Defensive6.8%
- Healthcare3.9%
Countries
- United States95.9%
- United Kingdom1.1%
- Switzerland1.1%
- Bermuda1.0%
- Ireland0.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SPLVAMEXInvesco S&P 500 Low Volatility ETF | 0.25% | 7.0B |
Assets are shown in each fund's own reporting currency.
How to invest in SPLW 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 SPLW and buy
Find the fund by its ticker, SPLW, on the London Stock Exchange ETF segment, and place your order.
Why invest in SPLW from India
What SPLW holds
This Invesco S&P 500 Low Volatility UCITS ETF Acc is designed to replicate the total investment return of the S&P 500 Low Volatility Index, net of its operational expenses. The core Reference Index selects the 100 stocks from the broader S&P 500 index that have exhibited the most stable prices.
Outside US estate tax
SPLW 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
SPLW 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 SPLW's UCITS structure matters for Indian investors
SPLW 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 SPLW from India?
Yes. Indian residents can buy Invesco S&P 500 Low Volatility UCITS ETF (SPLW) 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 SPLW invest in?
Its largest holdings are BERKSHIRE HATHAWAY INC-CL B USD0.0033 (1.4%), REGENCY CENTERS CORP USD0.01 (1.3%) and WEC ENERGY GROUP INC USD0.01 (1.3%). Utilities is its largest sector at 27.0%. The fund is domiciled in Ireland.
What is the expense ratio of SPLW?
Invesco S&P 500 Low Volatility UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about $136.0M.
Is SPLW a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco S&P 500 Low Volatility 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 SPLW?
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.