London Stock Exchange ETF segment · UCITS ETF
Invest in VRPS ETF from India
Indian and foreign residents can buy Invesco Variable Rate Preferred Shares UCITS ETF (VRPS) units directly through Paasa.
By Paasa · Updated
VRPS at a glance
- Price
- $38.86+$0.13 (0.32%)
- Expense ratio
- 0.5%
- Day range
- $38.85 – $38.86
- Assets
- $24.7M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -2.74%
- 6 months
- -1.21%
- YTD
- -3.08%
- 1 year
- -3.35%
- 5 years
- -8.71%
Price change, excluding dividends.
Top 10 holdings
- 1Cash and/or Derivatives2.1%
- 2Bank of America Corp VAR 01/08/751.1%
- 3JPMorgan Chase & Co VAR 01/04/751.1%
- 4JPMorgan Chase & Co VAR 01/07/751.1%
- 5Citigroup Inc VAR 15/11/741.0%
- 6JPMorgan Chase & Co VAR 01/06/750.9%
- 7Citigroup Inc VAR 15/05/750.9%
- 8Goldman Sachs Group Inc/The VAR 10/02/750.9%
- 9Bank of America Corp VAR 26/10/740.9%
- 10BP Capital Markets PLC VAR 22/12/740.9%
These 10 are 10.7% of the fund.
Where the money is invested
Sectors
- Financial Services7.5%
- Real Estate2.4%
- Consumer Defensive0.3%
- Utilities0.3%
- Energy0.1%
- Industrials0.0%
Countries
- United States83.7%
- Canada9.1%
- United Kingdom3.0%
- Other2.9%
- Ireland0.4%
- Netherlands0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VRPAMEXInvesco Variable Rate Preferred ETF | 0.5% | 3.0B |
| PFFVAMEXGlobal X - Variable Rate Preferred ETF | 0.25% | 320.7M |
| VPACLSEInvesco Variable Rate Preferred Shares UCITS ETF | 0.5% | 24.7M |
Assets are shown in each fund's own reporting currency.
How to invest in VRPS 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 VRPS and buy
Find the fund by its ticker, VRPS, on the London Stock Exchange ETF segment, and place your order.
Why invest in VRPS from India
What VRPS holds
The Invesco Variable Rate Preferred Shares UCITS ETF Dist strives to replicate the net total return performance of the ICE Diversified Variable Rates Preferred & Hybrid Securities Index, after deducting all fees. Dividends are distributed to investors on a quarterly schedule.
Outside US estate tax
VRPS 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
VRPS 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 VRPS' UCITS structure matters for Indian investors
VRPS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy VRPS from India?
Yes. Indian residents can buy Invesco Variable Rate Preferred Shares UCITS ETF (VRPS) 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 VRPS invest in?
Its largest holdings are Cash and/or Derivatives (2.1%), Bank of America Corp VAR 01/08/75 (1.1%) and JPMorgan Chase & Co VAR 01/04/75 (1.1%). Financial Services is its largest sector at 7.5%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of VRPS?
Invesco Variable Rate Preferred Shares UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $24.7M.
Is VRPS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Variable Rate Preferred Shares 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.
How are VRPS dividends taxed in India?
Invesco Variable Rate Preferred Shares 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 VRPS?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.