NYSE Arca · ETF
Invest in XLUI ETF from India
Indian and foreign residents can buy State Street Utilities Select Sector SPDR Premium ETF (XLUI) units directly through Paasa.
By Paasa · Updated
XLUI at a glance
- Price
- $21.83+$0.25 (1.16%)
- Expense ratio
- 0.35%
- Day range
- $21.41 – $21.84
- Assets
- $54.3M
- Domicile
- the US
- Holdings
- 5
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -6.23%
- 6 months
- -12.47%
- YTD
- -8.70%
- 1 year
- -14.99%
- 5 years
- —
Price change, excluding dividends.
Top 6 holdings
- 1STATE STREET UTILITIES SELECT100.0%
- 2SSI US GOV MONEY MARKET CLASS0.2%
- 3STATE STREET UTILITIES SELECT OCT26 41 CALL—
- 4STATE STREET UTILITIES SELECT OCT26 41.5 CALL—
- 5STATE STREET UTILITIES SELECT OCT26 43 CALL—
- 6STATE STREET UTILITIES SELECT OCT26 42 CALL—
XLUI holds 5 securities in total. These 6 are 100.0% of the fund.
Where the money is invested
Countries
- United States99.8%
- Other0.2%
How to invest in XLUI 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 XLUI and buy
Find the fund by its ticker, XLUI, 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 XLUI from India
What XLUI holds
Administered by SSGA Funds Management, Inc., the State Street Utilities Select Sector SPDR Premium Income ETF is an exchange-traded fund (ETF) primarily focused on the U.S. public equity landscape. Its investment strategy is to concentrate on large-capitalization companies operating within the utilities sector, seeking both growth and value opportunities.
Hold a dollar asset
XLUI 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 XLUI 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 XLUI from India?
Yes. Indian residents can buy State Street Utilities Select Sector SPDR Premium ETF (XLUI) 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 XLUI invest in?
State Street Utilities Select Sector SPDR Premium ETF holds 5 securities. Its largest holdings are STATE STREET UTILITIES SELECT (100.0%), SSI US GOV MONEY MARKET CLASS (0.2%) and STATE STREET UTILITIES SELECT OCT26 41 CALL. It is a distributing fund domiciled in the US.
What is the expense ratio of XLUI?
State Street Utilities Select Sector SPDR Premium ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $54.3M.
How are XLUI dividends taxed in India?
State Street Utilities Select Sector SPDR Premium ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India. 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 XLUI?
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 XLUI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $21.83, and there is no minimum trade size.
What happens to my XLUI 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.