NYSE Arca · ETF
Invest in XITK ETF from India
Indian and foreign residents can buy State Street SPDR FactSet Innovative Technology ETF (XITK) units directly through Paasa.
By Paasa · Updated
XITK at a glance
- Price
- $195.98+$0.00 (0.00%)
- Expense ratio
- 0.45%
- Day range
- $195.98 – $195.98
- Assets
- $68.1M
- Domicile
- the US
- Holdings
- 96
- Launched
- 2016
- Dividends
- —
- 1 month
- -2.23%
- 6 months
- +35.89%
- YTD
- +8.96%
- 1 year
- +1.58%
- 5 years
- -9.15%
Price change, excluding dividends.
Top 10 holdings
- 1AXT INC4.8%
- 2SILICON MOTION TECHNOL ADR3.0%
- 3APPLIED OPTOELECTRONICS INC2.9%
- 4ADVANCED MICRO DEVICES2.8%
- 5DIGITALOCEAN HOLDINGS INC2.7%
- 6ARM HOLDINGS PLC ADR2.1%
- 7IONQ INC2.0%
- 8ACM RESEARCH INC CLASS A1.9%
- 9ONTO INNOVATION INC1.8%
- 10DATADOG INC CLASS A1.8%
XITK holds 96 securities in total. These 10 are 25.7% of the fund.
Where the money is invested
Sectors
- Technology81.3%
- Communication Services10.7%
- Healthcare4.2%
- Industrials1.5%
- Financial Services1.0%
- Consumer Cyclical0.8%
Countries
- United States88.8%
- Hong Kong3.0%
- United Kingdom2.9%
- Israel2.2%
- Cayman Islands1.3%
- Netherlands1.1%
How to invest in XITK 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 XITK and buy
Find the fund by its ticker, XITK, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in XITK from India
What XITK holds
The State Street SPDR FactSet Innovative Technology ETF aims to mirror the total return performance of the FactSet Innovative Technology Index, excluding fees and operating expenses. This fund strategically invests in companies within specific sub-sectors that demonstrate significant revenue growth and are known for offering pioneering products and services.
Hold a dollar asset
XITK 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one XITK unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy XITK from India?
Yes. Indian residents can buy State Street SPDR FactSet Innovative Technology ETF (XITK) through Paasa. It is listed on NYSE Arca 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 XITK invest in?
State Street SPDR FactSet Innovative Technology ETF holds 96 securities. Its largest holdings are AXT INC (4.8%), SILICON MOTION TECHNOL ADR (3.0%) and APPLIED OPTOELECTRONICS INC (2.9%). Technology is its largest sector at 81.3%. The fund is domiciled in the US.
What is the expense ratio of XITK?
State Street SPDR FactSet Innovative Technology ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $68.1M.
What tax do I pay in India when I sell XITK?
The US does not levy capital gains tax on shares for Indian residents. 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.
Can I buy a fraction of one XITK unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $195.98, and there is no minimum trade size.
What happens to my XITK units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.