London Stock Exchange ETF segment · UCITS ETF
Invest in XLUS ETF from India
Indian and foreign residents can buy Invesco Utilities S&P US Select Sector UCITS ETF (XLUS) units directly through Paasa.
By Paasa · Updated
XLUS at a glance
- Price
- $581.55+$4.00 (0.69%)
- Expense ratio
- 0.14%
- Day range
- $581.10 – $587.50
- Assets
- $139.4M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -7.51%
- 6 months
- -13.37%
- YTD
- -6.09%
- 1 year
- -6.46%
- 5 years
- +39.48%
Price change, excluding dividends.
Top 10 holdings
- 1NEXTERA ENERGY ORD13.0%
- 2SOUTHERN ORD7.5%
- 3DUKE ENERGY ORD7.0%
- 4CONSTELLATION ENERGY ORD6.5%
- 5AMERICAN ELECTRIC POWER ORD5.0%
- 6DOMINION ENERGY ORD4.4%
- 7SEMPRA ORD4.1%
- 8XCEL ENERGY ORD3.6%
- 9ENTERGY ORD3.6%
- 10EXELON ORD3.4%
These 10 are 58.2% of the fund.
Where the money is invested
Countries
- United States100.0%
- Other0.0%
How to invest in XLUS 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 XLUS and buy
Find the fund by its ticker, XLUS, on the London Stock Exchange ETF segment, and place your order.
Why invest in XLUS from India
What XLUS holds
This Invesco ETF, tracking the utilities sector, aims to replicate the net total return performance of its benchmark, the S&P Select Sector Capped 20% Utilities Index, after accounting for management fees. This benchmark specifically comprises utilities companies from the S&P 500 Index.
Outside US estate tax
XLUS 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
XLUS 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 XLUS' UCITS structure matters for Indian investors
XLUS 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 XLUS from India?
Yes. Indian residents can buy Invesco Utilities S&P US Select Sector UCITS ETF (XLUS) 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 XLUS invest in?
Its largest holdings are NEXTERA ENERGY ORD (13.0%), SOUTHERN ORD (7.5%) and DUKE ENERGY ORD (7.0%). The fund is domiciled in Ireland.
What is the expense ratio of XLUS?
Invesco Utilities 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 $139.4M.
Is XLUS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Utilities 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 XLUS?
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.