XETRA · UCITS ETF
Invest in SPPE ETF from India
Indian and foreign residents can buy State Street SPDR S&P 500 Hdg UCITS ETF (SPPE) units directly through Paasa.
By Paasa · Updated
SPPE at a glance
- Price
- €18.69+€0.12 (0.63%)
- Expense ratio
- 0.05%
- Day range
- €18.65 – €18.74
- Assets
- €38.7B
- Domicile
- Ireland
- Holdings
- 504
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +0.60%
- 6 months
- +16.17%
- YTD
- +10.86%
- 1 year
- +15.45%
- 5 years
- +63.67%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CorporationNVDA8.2%
- 2Apple Inc.AAPL7.4%
- 3Microsoft CorporationMSFT5.6%
- 4Amazon.com Inc.AMZN3.7%
- 5Alphabet Inc. Class AGOOGL3.0%
- 6Broadcom Inc.AVGO2.5%
- 7Meta Platforms Inc Class AMETA2.5%
- 8Alphabet Inc. Class CGOOG2.4%
- 9Micron Technology Inc.MU1.8%
- 10Tesla Inc.TSLA1.6%
SPPE holds 504 securities in total. These 10 are 38.6% 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 States97.6%
- Ireland1.1%
- United Kingdom0.4%
- Other0.3%
- Switzerland0.3%
- Netherlands0.1%
How to invest in SPPE 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 SPPE and buy
Find the fund by its ticker, SPPE, on XETRA, and place your order.
Why invest in SPPE from India
What SPPE holds
The objective of the Fund is to track the U.S. equity market performance of large cap equity securities.
Outside US estate tax
SPPE is domiciled in Ireland, 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 SPPE'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 SPPE's UCITS structure matters for Indian investors
SPPE 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 SPPE from India?
Yes. Indian residents can buy State Street SPDR S&P 500 Hdg UCITS ETF (SPPE) 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 SPPE invest in?
State Street SPDR S&P 500 Hdg UCITS ETF holds 504 securities. Its largest holdings are NVIDIA Corporation (8.2%), Apple Inc. (7.4%) and Microsoft Corporation (5.6%). Technology is its largest sector at 38.7%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of SPPE?
State Street SPDR S&P 500 Hdg 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 €38.7B.
Is SPPE a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR S&P 500 Hdg 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.
Does SPPE pay dividends?
No. State Street SPDR S&P 500 Hdg 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 SPPE?
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.