London Stock Exchange ETF segment · UCITS ETF
Invest in TELE ETF from India
Indian and foreign residents can buy State Street SPDR MSCI Europe Communication Services UCITS ETF (TELE) units directly through Paasa.
By Paasa · Updated
TELE at a glance
- Price
- €73.80+€0.22 (0.30%)
- Expense ratio
- 0.18%
- Day range
- €73.57 – €74.72
- Assets
- €55.1M
- Domicile
- Ireland
- Holdings
- 19
- Launched
- 2001
- Dividends
- —
- 1 month
- -4.65%
- 6 months
- -1.90%
- YTD
- +0.65%
- 1 year
- -4.03%
- 5 years
- +25.53%
Price change, excluding dividends.
Top 10 holdings
- 1Deutsche Telekom AGDTE.DE23.7%
- 2Spotify Technology SA639.DE17.1%
- 3Orange SAORA.PA6.8%
- 4Vodafone Group Public Limited CompanyVOD.L6.8%
- 5Publicis Groupe SAPUB.PA5.8%
- 6Swisscom AGSCMN.SW4.7%
- 7Universal Music Group N.V.UMG.AS4.0%
- 8Royal KPN NVKPN.AS3.9%
- 9BT Group plcBT-A.L3.3%
- 10Informa PlcINF.L3.3%
TELE holds 19 securities in total. These 10 are 79.4% of the fund.
Where the money is invested
Sectors
- Communication Services96.9%
- Real Estate3.1%
Countries
- Germany23.7%
- Sweden21.6%
- United Kingdom14.1%
- France12.6%
- Netherlands7.9%
- Spain6.2%
How to invest in TELE 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 TELE and buy
Find the fund by its ticker, TELE, on the London Stock Exchange ETF segment, and place your order.
Why invest in TELE from India
What TELE holds
The fund's core objective is to replicate the financial performance of significant and mid-cap European businesses active in the Communication Services industry.
Outside US estate tax
TELE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 TELE's UCITS structure matters for Indian investors
TELE 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 TELE from India?
Yes. Indian residents can buy State Street SPDR MSCI Europe Communication Services UCITS ETF (TELE) through Paasa. It is listed on the London Stock Exchange ETF segment 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 TELE invest in?
State Street SPDR MSCI Europe Communication Services UCITS ETF holds 19 securities. Its largest holdings are Deutsche Telekom AG (23.7%), Spotify Technology SA (17.1%) and Orange SA (6.8%). Communication Services is its largest sector at 96.9%. The fund is domiciled in Ireland.
What is the expense ratio of TELE?
State Street SPDR MSCI Europe Communication Services UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €55.1M.
Is TELE a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI Europe Communication Services 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 TELE?
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.