XETRA · UCITS ETF
Invest in SPP1 ETF from India
Indian and foreign residents can buy SSGA SPDR ETFs Europe I PLC - State Street SPDR MSCI All Country World UCITS ETF AccumHedged (SPP1) units directly through Paasa.
By Paasa · Updated
SPP1 at a glance
- Price
- €27.06+€0.09 (0.33%)
- Expense ratio
- 0.17%
- Day range
- €26.95 – €27.10
- Assets
- €19.1B
- Domicile
- Ireland
- Holdings
- 2,247
- Launched
- 2019
- Dividends
- —
- 1 month
- -0.84%
- 6 months
- +18.22%
- YTD
- +12.80%
- 1 year
- +17.81%
- 5 years
- +65.91%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA Corporation5.1%
- 2Apple Inc.4.7%
- 3Microsoft Corporation3.5%
- 4Amazon.com Inc.2.3%
- 5Alphabet Inc. Class A1.9%
- 6Taiwan Semiconductor Manufacturing Co. Ltd.1.9%
- 7Meta Platforms Inc Class A1.6%
- 8Broadcom Inc.1.6%
- 9Alphabet Inc. Class C1.5%
- 10Micron Technology Inc.1.2%
SPP1 holds 2,247 securities in total. These 10 are 25.2% of the fund.
Where the money is invested
Sectors
- Technology31.9%
- Financial Services16.7%
- Industrials10.2%
- Consumer Cyclical8.7%
- Healthcare8.5%
- Communication Services7.8%
Countries
- United States62.7%
- Japan5.2%
- Taiwan3.4%
- United Kingdom3.2%
- Canada2.9%
- South Korea2.5%
How to invest in SPP1 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 EUR when you buy.
Step 3
Search SPP1 and buy
Find the fund by its ticker, SPP1, on XETRA, and place your order.
Why invest in SPP1 from India
What SPP1 holds
The fund's primary goal is to mirror the performance of stock markets across both developed and emerging economies worldwide.
Outside US estate tax
SPP1 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 SPP1's UCITS structure matters for Indian investors
SPP1 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 SPP1 from India?
Yes. Indian residents can buy SSGA SPDR ETFs Europe I PLC - State Street SPDR MSCI All Country World UCITS ETF AccumHedged (SPP1) through Paasa. It is listed on XETRA and trades in EUR. 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 SPP1 invest in?
SSGA SPDR ETFs Europe I PLC - State Street SPDR MSCI All Country World UCITS ETF AccumHedged holds 2,247 securities. Its largest holdings are NVIDIA Corporation (5.1%), Apple Inc. (4.7%) and Microsoft Corporation (3.5%). Technology is its largest sector at 31.9%. The fund is domiciled in Ireland.
What is the expense ratio of SPP1?
SSGA SPDR ETFs Europe I PLC - State Street SPDR MSCI All Country World UCITS ETF AccumHedged has an expense ratio of 0.17% a year, taken from the fund's assets rather than billed to you. The fund manages about €19.1B.
Is SPP1 a UCITS ETF, and why does that matter for Indian investors?
Yes. SSGA SPDR ETFs Europe I PLC - State Street SPDR MSCI All Country World UCITS ETF AccumHedged 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 SPP1?
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 EUR/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.