London Stock Exchange ETF segment · UCITS ETF
Invest in USPA ETF from India
Indian and foreign residents can buy Franklin S&P 500 Paris Aligned Climate UCITS ETF (USPA) units directly through Paasa.
By Paasa · Updated
USPA at a glance
- Price
- $64.21+$0.51 (0.79%)
- Expense ratio
- 0.07%
- Day range
- $63.95 – $64.21
- Assets
- $357.0M
- Domicile
- Ireland
- Holdings
- 221
- Launched
- 2020
- Dividends
- —
- 1 month
- -0.75%
- 6 months
- +23.49%
- YTD
- +11.47%
- 1 year
- +15.81%
- 5 years
- +84.67%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP USD 0.0017.8%
- 2MICROSOFT USD 0.000006255.6%
- 3APPLE INC USD 0.000015.2%
- 4ALPHABET INC-CL USD 0.0013.1%
- 5ADVANCED MICRO D USD 0.013.0%
- 6VISA INC-CLASS USD 0.00012.9%
- 7ABBVIE INC USD 0.012.8%
- 8MASTERCARD INC USD 0.00012.7%
- 9TESLA INC USD 0.0012.6%
- 10CISCO SYSTEMS I USD 0.0012.5%
USPA holds 221 securities in total. These 10 are 38.2% of the fund.
Where the money is invested
Sectors
- Technology45.5%
- Financial Services12.7%
- Healthcare10.6%
- Communication Services9.7%
- Consumer Cyclical8.3%
- Industrials5.3%
Countries
- United States97.8%
- Ireland1.8%
- Switzerland0.1%
- Netherlands0.1%
- United Kingdom0.1%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| UPABAMSiShares S&P 500 Paris-Aligned Climate UCITS ETF | 0.07% | 371.4M |
| UPADLSEiShares S&P 500 Paris-Aligned Climate UCITS ETF | 0.07% | 26.1M |
Assets are shown in each fund's own reporting currency.
How to invest in USPA 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 USPA and buy
Find the fund by its ticker, USPA, on the London Stock Exchange ETF segment, and place your order.
Why invest in USPA from India
What USPA holds
This ETF offers investment exposure to prominent U.S. companies. It focuses on large-capitalization American firms that are actively contributing to the shift towards a low-carbon economy or are less vulnerable to the financial risks associated with climate transition.
Outside US estate tax
USPA 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
USPA 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 USPA's UCITS structure matters for Indian investors
USPA 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 USPA from India?
Yes. Indian residents can buy Franklin S&P 500 Paris Aligned Climate UCITS ETF (USPA) 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 USPA invest in?
Franklin S&P 500 Paris Aligned Climate UCITS ETF holds 221 securities. Its largest holdings are NVIDIA CORP USD 0.001 (7.8%), MICROSOFT USD 0.00000625 (5.6%) and APPLE INC USD 0.00001 (5.2%). Technology is its largest sector at 45.5%. The fund is domiciled in Ireland.
What is the expense ratio of USPA?
Franklin S&P 500 Paris Aligned Climate UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about $357.0M.
Is USPA a UCITS ETF, and why does that matter for Indian investors?
Yes. Franklin S&P 500 Paris Aligned Climate 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 USPA?
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.