London Stock Exchange ETF segment · UCITS ETF
Invest in SXLV ETF from India
Indian and foreign residents can buy State Street SPDR S&P U.S. Health Care Select Sector UCITS ETF (SXLV) units directly through Paasa.
By Paasa · Updated
SXLV at a glance
- Price
- $53.39+$0.51 (0.96%)
- Expense ratio
- 0.15%
- Day range
- $53.39 – $53.46
- Assets
- $566.2M
- Domicile
- Ireland
- Holdings
- 61
- Launched
- 2015
- Dividends
- —
- 1 month
- +0.31%
- 6 months
- +19.26%
- YTD
- +11.05%
- 1 year
- +27.89%
- 5 years
- +41.59%
Price change, excluding dividends.
Top 10 holdings
- 1Eli Lilly and Company15.2%
- 2Johnson & Johnson10.5%
- 3AbbVie Inc.7.6%
- 4Merck & Co. Inc.5.9%
- 5UnitedHealth Group Incorporated5.5%
- 6Thermo Fisher Scientific Inc.4.0%
- 7Amgen Inc.3.6%
- 8Gilead Sciences Inc.3.0%
- 9Abbott Laboratories2.8%
- 10Pfizer Inc.2.6%
SXLV holds 61 securities in total. These 10 are 60.9% of the fund.
Where the money is invested
Sectors
- Healthcare99.3%
- Technology0.7%
Countries
- United States97.7%
- Ireland2.2%
- Other0.1%
How to invest in SXLV 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 SXLV and buy
Find the fund by its ticker, SXLV, on the London Stock Exchange ETF segment, and place your order.
Why invest in SXLV from India
What SXLV holds
The objective of the Fund is to track the performance of large sized U.S. health care companies in the S&P 500 Index.
Outside US estate tax
SXLV 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
SXLV 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 SXLV's UCITS structure matters for Indian investors
SXLV 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 SXLV from India?
Yes. Indian residents can buy State Street SPDR S&P U.S. Health Care Select Sector UCITS ETF (SXLV) 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 SXLV invest in?
State Street SPDR S&P U.S. Health Care Select Sector UCITS ETF holds 61 securities. Its largest holdings are Eli Lilly and Company (15.2%), Johnson & Johnson (10.5%) and AbbVie Inc. (7.6%). Technology is its largest sector at 0.7%. The fund is domiciled in Ireland.
What is the expense ratio of SXLV?
State Street SPDR S&P U.S. Health Care 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 $566.2M.
Is SXLV a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR S&P U.S. Health Care 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.
What tax do I pay in India when I sell SXLV?
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.