NYSE Arca · ETF
Invest in SPUS ETF from India
Indian and foreign residents can buy SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) units directly through Paasa.
By Paasa · Updated
SPUS at a glance
- Price
- $59.54-$0.02 (0.03%)
- Expense ratio
- 0.45%
- Day range
- $59.54 – $60.14
- Assets
- $3.3B
- Domicile
- the US
- Holdings
- 10
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- +1.19%
- 6 months
- +23.63%
- YTD
- +15.70%
- 1 year
- +20.50%
- 5 years
- +101.90%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA Corp14.1%
- 2Apple Inc12.3%
- 3Microsoft Corp9.7%
- 4Alphabet Inc5.1%
- 5Broadcom Inc4.3%
- 6Micron Technology Inc3.1%
- 7Tesla Inc2.5%
- 8Advanced Micro Devices Inc2.5%
- 9Eli Lilly & Co2.4%
- 10ExxonMobil Holdings Corp1.7%
SPUS holds 10 securities in total. These 10 are 57.8% of the fund.
Where the money is invested
Sectors
- Technology61.9%
- Healthcare11.8%
- Industrials6.0%
- Consumer Cyclical5.8%
- Communication Services5.4%
- Basic Materials2.8%
Countries
- United States97.6%
- Ireland1.3%
- United Kingdom0.6%
- Other0.3%
- Netherlands0.1%
- Switzerland0.1%
How to invest in SPUS 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 SPUS and buy
Find the fund by its ticker, SPUS, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SPUS from India
What SPUS holds
The SPUS Exchange Traded Fund (ETF) offers investors a means to invest in a select group of around 200 companies. These holdings are chosen from the S&P 500 Index based on specific criteria: they must align with Sharia law principles, demonstrate a focus on value, and maintain relatively low levels of debt.
Hold a dollar asset
SPUS 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one SPUS unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy SPUS from India?
Yes. Indian residents can buy SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) through Paasa. It is listed on NYSE Arca 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 SPUS invest in?
SP Funds S&P 500 Sharia Industry Exclusions ETF holds 10 securities. Its largest holdings are NVIDIA Corp (14.1%), Apple Inc (12.3%) and Microsoft Corp (9.7%). Technology is its largest sector at 61.9%. It is a distributing fund domiciled in the US.
What is the expense ratio of SPUS?
SP Funds S&P 500 Sharia Industry Exclusions ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.3B.
How are SPUS dividends taxed in India?
SP Funds S&P 500 Sharia Industry Exclusions ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell SPUS?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one SPUS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $59.54, and there is no minimum trade size.
What happens to my SPUS units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.