London Stock Exchange ETF segment · UCITS ETF
Invest in UTIL ETF from India
Indian and foreign residents can buy State Street SPDR MSCI Europe Utilities UCITS ETF (UTIL) units directly through Paasa.
By Paasa · Updated
UTIL at a glance
- Price
- €250.40+€1.00 (0.40%)
- Expense ratio
- 0.18%
- Day range
- €250.40 – €252.70
- Assets
- €608.4M
- Domicile
- Ireland
- Holdings
- 25
- Launched
- 2001
- Dividends
- —
- 1 month
- -2.34%
- 6 months
- +1.40%
- YTD
- +11.34%
- 1 year
- +24.16%
- 5 years
- +79.69%
Price change, excluding dividends.
Top 10 holdings
- 1Iberdrola SA22.0%
- 2Enel SpA11.6%
- 3National Grid plc11.3%
- 4ENGIE S.A.7.1%
- 5E.ON SE6.6%
- 6RWE AG6.5%
- 7SSE PLC6.0%
- 8Veolia Environnement SA3.2%
- 9EDP S.A.2.4%
- 10Endesa S.A.2.3%
UTIL holds 25 securities in total. These 10 are 78.8% of the fund.
Where the money is invested
Sectors
- Utilities95.8%
- Industrials4.2%
Countries
- Spain28.8%
- United Kingdom22.5%
- Italy16.6%
- Germany13.3%
- France10.3%
- Portugal2.4%
How to invest in UTIL 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 UTIL and buy
Find the fund by its ticker, UTIL, on the London Stock Exchange ETF segment, and place your order.
Why invest in UTIL from India
What UTIL holds
This fund's primary goal is to mirror the financial performance of major and moderately sized European firms within the utilities industry.
Outside US estate tax
UTIL 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 UTIL's UCITS structure matters for Indian investors
UTIL 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 UTIL from India?
Yes. Indian residents can buy State Street SPDR MSCI Europe Utilities UCITS ETF (UTIL) 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 UTIL invest in?
State Street SPDR MSCI Europe Utilities UCITS ETF holds 25 securities. Its largest holdings are Iberdrola SA (22.0%), Enel SpA (11.6%) and National Grid plc (11.3%). Utilities is its largest sector at 95.8%. The fund is domiciled in Ireland.
What is the expense ratio of UTIL?
State Street SPDR MSCI Europe Utilities 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 €608.4M.
Is UTIL a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR MSCI Europe Utilities 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 UTIL?
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.