London Stock Exchange ETF segment · UCITS ETF
Invest in SXLU ETF from India
Indian and foreign residents can buy State Street SPDR S&P U.S. Utilities Select Sector UCITS ETF (SXLU) units directly through Paasa.
By Paasa · Updated
SXLU at a glance
- Price
- $50.74+$0.68 (1.35%)
- Expense ratio
- 0.15%
- Day range
- $50.68 – $50.74
- Assets
- $179.9M
- Domicile
- Ireland
- Holdings
- 31
- Launched
- 2015
- Dividends
- Accumulating
- 1 month
- -6.81%
- 6 months
- -12.31%
- YTD
- -5.43%
- 1 year
- -6.06%
- 5 years
- +40.33%
Price change, excluding dividends.
Top 10 holdings
- 1NextEra Energy Inc.12.8%
- 2Southern Company7.7%
- 3Duke Energy Corporation7.2%
- 4Constellation Energy Corporation7.0%
- 5American Electric Power Company Inc.5.2%
- 6Dominion Energy Inc4.3%
- 7Sempra4.1%
- 8Entergy Corporation3.7%
- 9Vistra Corp.3.5%
- 10Xcel Energy Inc.3.5%
SXLU holds 31 securities in total. These 10 are 58.9% of the fund.
Where the money is invested
Countries
- United States99.9%
- Other0.1%
How to invest in SXLU 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 SXLU and buy
Find the fund by its ticker, SXLU, on the London Stock Exchange ETF segment, and place your order.
Why invest in SXLU from India
What SXLU holds
The primary goal of this fund is to mirror the market performance of major American utility companies that are constituents of the S&P 500 Index.
Outside US estate tax
SXLU 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 SXLU's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
SXLU 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 SXLU's UCITS structure matters for Indian investors
SXLU 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 SXLU from India?
Yes. Indian residents can buy State Street SPDR S&P U.S. Utilities Select Sector UCITS ETF (SXLU) 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 SXLU invest in?
State Street SPDR S&P U.S. Utilities Select Sector UCITS ETF holds 31 securities. Its largest holdings are NextEra Energy Inc. (12.8%), Southern Company (7.7%) and Duke Energy Corporation (7.2%). It is an accumulating fund domiciled in Ireland.
What is the expense ratio of SXLU?
State Street SPDR S&P U.S. Utilities Select Sector UCITS ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about $179.9M.
Is SXLU a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR S&P U.S. Utilities Select Sector 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 SXLU pay dividends?
No. State Street SPDR S&P U.S. Utilities Select Sector 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 SXLU?
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.