London Stock Exchange ETF segment · UCITS ETF
Invest in SPY5 ETF from India
Indian and foreign residents can buy State Street SPDR S&P 500 UCITS ETF (SPY5) units directly through Paasa.
By Paasa · Updated
SPY5 at a glance
- Price
- $770.68+$5.22 (0.68%)
- Expense ratio
- 0.03%
- Day range
- $768.05 – $772.45
- Assets
- $44.4B
- Domicile
- Ireland
- Holdings
- 504
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -0.17%
- 6 months
- +20.34%
- YTD
- +11.69%
- 1 year
- +16.53%
- 5 years
- +73.48%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CorporationNVDA8.2%
- 2Apple Inc.AAPL7.4%
- 3Microsoft CorporationMSFT5.5%
- 4Amazon.com Inc.AMZN3.7%
- 5Alphabet Inc. Class AGOOGL3.0%
- 6Meta Platforms Inc Class AMETA2.6%
- 7Broadcom Inc.AVGO2.5%
- 8Alphabet Inc. Class CGOOG2.4%
- 9Micron Technology Inc.MU1.8%
- 10Tesla Inc.TSLA1.6%
SPY5 holds 504 securities in total. These 10 are 38.7% 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 States97.3%
- Ireland1.2%
- United Kingdom0.4%
- Other0.4%
- Singapore0.3%
- Switzerland0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| SPYAMEXState Street SPDR S&P 500 ETF | 0.09% | 818.7B |
| SPYMAMEXState Street SPDR Portfolio S&P 500 ETF | 0.02% | 174.9B |
| SPYLLSEState Street SPDR S&P 500 UCITS ETF (Acc) | 0.03% | 44.4B |
Assets are shown in each fund's own reporting currency.
How to invest in SPY5 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 SPY5 and buy
Find the fund by its ticker, SPY5, on the London Stock Exchange ETF segment, and place your order.
Why invest in SPY5 from India
What SPY5 holds
The objective of the Fund is to track the U.S. equity market performance of large cap equity securities.
Outside US estate tax
SPY5 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
SPY5 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 SPY5's UCITS structure matters for Indian investors
SPY5 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 SPY5 from India?
Yes. Indian residents can buy State Street SPDR S&P 500 UCITS ETF (SPY5) 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 SPY5 invest in?
State Street SPDR S&P 500 UCITS ETF holds 504 securities. Its largest holdings are NVIDIA Corporation (8.2%), Apple Inc. (7.4%) and Microsoft Corporation (5.5%). Technology is its largest sector at 38.7%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of SPY5?
State Street SPDR S&P 500 UCITS ETF has an expense ratio of 0.03% a year, taken from the fund's assets rather than billed to you. The fund manages about $44.4B.
Is SPY5 a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR S&P 500 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.
How are SPY5 dividends taxed in India?
State Street SPDR S&P 500 UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 SPY5?
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.