London Stock Exchange ETF segment · UCITS ETF
Invest in USDV ETF from India
Indian and foreign residents can buy State Street SPDR S&P US Dividend Aristocrats UCITS ETF (USDV) units directly through Paasa.
By Paasa · Updated
USDV at a glance
- Price
- £61.50+£0.07 (0.11%)
- Expense ratio
- 0.35%
- Day range
- £60.79 – £61.69
- Assets
- £2.8B
- Domicile
- Ireland
- Holdings
- 155
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -3.41%
- 6 months
- +1.43%
- YTD
- +6.98%
- 1 year
- +7.14%
- 5 years
- +27.83%
Price change, excluding dividends.
Top 10 holdings
- 1Verizon Communications Inc.3.2%
- 2Accenture Plc Class A3.1%
- 3Chevron Corporation2.1%
- 4Realty Income Corporation2.0%
- 5PepsiCo Inc.1.9%
- 6Target Corporation1.8%
- 7Medtronic Plc1.8%
- 8NIKE Inc. Class B1.5%
- 9Kenvue Inc.1.5%
- 10Becton Dickinson and Company1.5%
USDV holds 155 securities in total. These 10 are 20.3% of the fund.
Where the money is invested
Sectors
- Industrials16.9%
- Consumer Defensive15.7%
- Utilities12.5%
- Financial Services11.9%
- Technology10.5%
- Healthcare8.6%
Countries
- United States91.3%
- Ireland5.4%
- Switzerland1.4%
- United Kingdom1.0%
- Other0.7%
- Bermuda0.2%
How to invest in USDV 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 GBP when you buy.
Step 3
Search USDV and buy
Find the fund by its ticker, USDV, on the London Stock Exchange ETF segment, and place your order.
Why invest in USDV from India
What USDV holds
The objective of the Fund is to track the U.S. equity market performance of certain high dividendyielding equity securities.
Outside US estate tax
USDV 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 USDV's UCITS structure matters for Indian investors
USDV 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 USDV from India?
Yes. Indian residents can buy State Street SPDR S&P US Dividend Aristocrats UCITS ETF (USDV) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 USDV invest in?
State Street SPDR S&P US Dividend Aristocrats UCITS ETF holds 155 securities. Its largest holdings are Verizon Communications Inc. (3.2%), Accenture Plc Class A (3.1%) and Chevron Corporation (2.1%). Industrials is its largest sector at 16.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of USDV?
State Street SPDR S&P US Dividend Aristocrats UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about £2.8B.
Is USDV a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR S&P US Dividend Aristocrats 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 USDV dividends taxed in India?
State Street SPDR S&P US Dividend Aristocrats 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 USDV?
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 GBP/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.