London Stock Exchange ETF segment · UCITS ETF
Invest in USPG ETF from India
Indian and foreign residents can buy UBS Core S&P 500 UCITS ETF hGBP dis (USPG) units directly through Paasa.
By Paasa · Updated
USPG at a glance
- Price
- £37.86-£0.20 (0.52%)
- Expense ratio
- 0.06%
- Day range
- £37.86 – £37.88
- Assets
- £3.8B
- Domicile
- Ireland
- Holdings
- 498
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- +0.39%
- 6 months
- +16.07%
- YTD
- +10.19%
- 1 year
- +14.14%
- 5 years
- +69.17%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP8.3%
- 2APPLE INC7.5%
- 3MICROSOFT CORP5.7%
- 4AMAZON.COM INC3.7%
- 5ALPHABET INC-CL A3.0%
- 6BROADCOM INC2.6%
- 7META PLATFORMS INC-CLASS A2.5%
- 8ALPHABET INC-CL C2.4%
- 9MICRON TECHNOLOGY INC1.8%
- 10TESLA INC1.6%
USPG holds 498 securities in total. These 10 are 39.2% of the fund.
Where the money is invested
Sectors
- Technology39.5%
- Financial Services11.8%
- Communication Services9.9%
- Healthcare9.2%
- Consumer Cyclical9.0%
- Industrials7.5%
Countries
- United States98.1%
- Ireland1.1%
- United Kingdom0.4%
- Switzerland0.3%
- Netherlands0.1%
- Bermuda0.1%
How to invest in USPG 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 USPG and buy
Find the fund by its ticker, USPG, on the London Stock Exchange ETF segment, and place your order.
Why invest in USPG from India
What USPG holds
The objective of the Fund is to seek to track the equity market performance of the US market.
Outside US estate tax
USPG 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 USPG's UCITS structure matters for Indian investors
USPG 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 USPG from India?
Yes. Indian residents can buy UBS Core S&P 500 UCITS ETF hGBP dis (USPG) 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 USPG invest in?
UBS Core S&P 500 UCITS ETF hGBP dis holds 498 securities. Its largest holdings are NVIDIA CORP (8.3%), APPLE INC (7.5%) and MICROSOFT CORP (5.7%). Technology is its largest sector at 39.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of USPG?
UBS Core S&P 500 UCITS ETF hGBP dis has an expense ratio of 0.06% a year, taken from the fund's assets rather than billed to you. The fund manages about £3.8B.
Is USPG a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Core S&P 500 UCITS ETF hGBP dis 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 USPG dividends taxed in India?
UBS Core S&P 500 UCITS ETF hGBP dis 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 USPG?
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.