London Stock Exchange ETF segment · UCITS ETF
Invest in XLPP ETF from India
Indian and foreign residents can buy Invesco Consumer Staples S&P US Select Sector UCITS ETF (XLPP) units directly through Paasa.
By Paasa · Updated
XLPP at a glance
- Price
- £549.55-£5.90 (1.06%)
- Expense ratio
- 0.14%
- Day range
- £549.55 – £549.55
- Assets
- £27.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -2.34%
- 6 months
- -0.89%
- YTD
- +6.55%
- 1 year
- +7.57%
- 5 years
- +42.80%
Price change, excluding dividends.
Top 10 holdings
- 1WALMART ORD16.7%
- 2COSTCO WHOLESALE ORD14.2%
- 3COCA-COLA ORD11.3%
- 4PROCTER & GAMBLE ORD11.2%
- 5PHILIP MORRIS INTERNATIONAL ORD9.6%
- 6PEPSICO ORD6.3%
- 7ALTRIA GROUP ORD3.6%
- 8MONDELEZ INTERNATIONAL CL A ORD2.7%
- 9COLGATE PALMOLIVE ORD2.4%
- 10TARGET ORD2.3%
These 10 are 80.2% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical98.8%
- Technology1.2%
Countries
- United States100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XLPSLSEInvesco Consumer Staples S&P US Select Sector UCITS ETF | 0.14% | 36.0M |
Assets are shown in each fund's own reporting currency.
How to invest in XLPP 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 GBP when you buy.
Step 3
Search XLPP and buy
Find the fund by its ticker, XLPP, on the London Stock Exchange ETF segment, and place your order.
Why invest in XLPP from India
What XLPP holds
The Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc seeks to mirror the net total return performance of its benchmark, the S&P Select Sector Capped 20% Consumer Staples Index, net of fees. This underlying index comprises companies within the consumer staples sector of the S&P 500.
Outside US estate tax
XLPP 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 XLPP's UCITS structure matters for Indian investors
XLPP 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 XLPP from India?
Yes. Indian residents can buy Invesco Consumer Staples S&P US Select Sector UCITS ETF (XLPP) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 XLPP invest in?
Its largest holdings are WALMART ORD (16.7%), COSTCO WHOLESALE ORD (14.2%) and COCA-COLA ORD (11.3%). Consumer Cyclical is its largest sector at 98.8%. The fund is domiciled in Ireland.
What is the expense ratio of XLPP?
Invesco Consumer Staples 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 £27.2M.
Is XLPP a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Consumer Staples 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 XLPP?
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 GBP/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.