London Stock Exchange ETF segment · UCITS ETF
Invest in XLYS ETF from India
Indian and foreign residents can buy Invesco Consumer Discretionary S&P US Select Sector UCITS ETF (XLYS) units directly through Paasa.
By Paasa · Updated
XLYS at a glance
- Price
- $774.65+$0.95 (0.12%)
- Expense ratio
- 0.14%
- Day range
- $771.30 – $778.10
- Assets
- $70.9M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2009
- Dividends
- —
- 1 month
- -7.12%
- 6 months
- +0.37%
- YTD
- -10.02%
- 1 year
- -8.93%
- 5 years
- +31.83%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON COM ORD20.2%
- 2TESLA ORD16.4%
- 3HOME DEPOT ORD8.3%
- 4MCDONALD'S ORD4.8%
- 5TJX ORD4.2%
- 6BOOKING HOLDINGS ORD4.1%
- 7STARBUCKS ORD3.0%
- 8LOWE'S COMPANIES ORD3.0%
- 9ROSS STORES ORD2.0%
- 10DOORDASH CL A ORD2.0%
These 10 are 68.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical98.8%
- Technology1.2%
Countries
- United States98.2%
- Switzerland1.5%
- Canada0.3%
- Other0.0%
How to invest in XLYS 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 XLYS and buy
Find the fund by its ticker, XLYS, on the London Stock Exchange ETF segment, and place your order.
Why invest in XLYS from India
What XLYS holds
This Invesco ETF, specifically the Acc share class for the S&P US Select Sector UCITS, aims to mirror the net total returns of its benchmark, the S&P Select Sector Capped 20% Consumer Discretionary Index, after accounting for its operational costs. This underlying index focuses on companies within the consumer discretionary segment of the broader S&P 500.
Outside US estate tax
XLYS 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
XLYS 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 XLYS' UCITS structure matters for Indian investors
XLYS 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 XLYS from India?
Yes. Indian residents can buy Invesco Consumer Discretionary S&P US Select Sector UCITS ETF (XLYS) 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 XLYS invest in?
Its largest holdings are AMAZON COM ORD (20.2%), TESLA ORD (16.4%) and HOME DEPOT ORD (8.3%). Consumer Cyclical is its largest sector at 98.8%. The fund is domiciled in Ireland.
What is the expense ratio of XLYS?
Invesco Consumer Discretionary 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 $70.9M.
Is XLYS a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Consumer Discretionary 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 XLYS?
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.