London Stock Exchange ETF segment · UCITS ETF
Invest in XLIS ETF from India
Indian and foreign residents can buy Invesco Industrials S&P US Select Sector UCITS ETF (XLIS) units directly through Paasa.
By Paasa · Updated
XLIS at a glance
- Price
- $941.40+$5.90 (0.63%)
- Expense ratio
- 0.14%
- Day range
- $937.30 – $947.40
- Assets
- $142.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -4.28%
- 6 months
- +6.06%
- YTD
- +8.52%
- 1 year
- +12.01%
- 5 years
- +79.25%
Price change, excluding dividends.
Top 10 holdings
- 1CATERPILLAR ORDCAT6.7%
- 2GE AEROSPACE ORDGE6.6%
- 3RTX ORDRTX5.1%
- 4GE VERNOVA ORDGEV4.9%
- 5BOEING ORDBA3.1%
- 6UNION PACIFIC ORDUNP3.0%
- 7EATON ORD0Y3K.L3.0%
- 8DEERE ORDDE2.6%
- 9UBER TECHNOLOGIES ORDUBER2.6%
- 10PARKER HANNIFIN ORDPH2.3%
These 10 are 39.8% of the fund.
Where the money is invested
Sectors
- Industrials96.3%
- Technology1.3%
- Consumer Cyclical1.3%
- Real Estate1.1%
Countries
- United States91.8%
- Ireland6.7%
- Other1.3%
- United Kingdom0.2%
How to invest in XLIS 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 XLIS and buy
Find the fund by its ticker, XLIS, on the London Stock Exchange ETF segment, and place your order.
Why invest in XLIS from India
What XLIS holds
The Invesco Industrials S&P US Select Sector UCITS ETF (XLIS.L) is structured to replicate the overall net return of the S&P Select Sector Capped 20% Industrials Index (hereafter, the "Reference Index"), factoring in fund charges. This Reference Index focuses on companies within the industrial sector of the broader S&P 500.
Outside US estate tax
XLIS 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
XLIS 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 XLIS' UCITS structure matters for Indian investors
XLIS 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 XLIS from India?
Yes. Indian residents can buy Invesco Industrials S&P US Select Sector UCITS ETF (XLIS) 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 XLIS invest in?
Its largest holdings are CATERPILLAR ORD (6.7%), GE AEROSPACE ORD (6.6%) and RTX ORD (5.1%). Industrials is its largest sector at 96.3%. The fund is domiciled in Ireland.
What is the expense ratio of XLIS?
Invesco Industrials 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 $142.6M.
Is XLIS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Industrials 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 XLIS?
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.