London Stock Exchange ETF segment · UCITS ETF
Invest in XLCS ETF from India
Indian and foreign residents can buy Invesco Communications S&P US Select Sector UCITS ETF (XLCS) units directly through Paasa.
By Paasa · Updated
XLCS at a glance
- Price
- $97.51+$1.13 (1.17%)
- Expense ratio
- 0.14%
- Day range
- $96.76 – $97.51
- Assets
- $153.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -0.84%
- 6 months
- +1.80%
- YTD
- -3.13%
- 1 year
- -4.27%
- 5 years
- +41.77%
Price change, excluding dividends.
Top 10 holdings
- 1META PLATFORMS CL A ORD18.9%
- 2NETFLIX ORD14.8%
- 3ALPHABET CL A ORD9.9%
- 4VERIZON COMMUNICATIONS ORD9.1%
- 5WALT DISNEY ORD8.4%
- 6ALPHABET CL C ORD7.9%
- 7AT&T ORD7.8%
- 8COMCAST CL A ORD4.2%
- 9T MOBILE US ORD3.8%
- 10APPLOVIN CL A ORD3.8%
These 10 are 88.7% of the fund.
Where the money is invested
Countries
- United States100.0%
How to invest in XLCS 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 XLCS and buy
Find the fund by its ticker, XLCS, on the London Stock Exchange ETF segment, and place your order.
Why invest in XLCS from India
What XLCS holds
This fund seeks to mirror the net total return performance of its benchmark, the S&P Select Sector Capped 20% Communications Index, after deducting associated fees. This specific index tracks the communication services companies found within the broader S&P 500.
Outside US estate tax
XLCS 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
XLCS 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 XLCS' UCITS structure matters for Indian investors
XLCS 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 XLCS from India?
Yes. Indian residents can buy Invesco Communications S&P US Select Sector UCITS ETF (XLCS) 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 XLCS invest in?
Its largest holdings are META PLATFORMS CL A ORD (18.9%), NETFLIX ORD (14.8%) and ALPHABET CL A ORD (9.9%). The fund is domiciled in Ireland.
What is the expense ratio of XLCS?
Invesco Communications S&P US Select Sector UCITS ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about $153.6M.
Is XLCS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Communications S&P US Select Sector 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 XLCS?
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.