Invesco Euro Cash 3 Months UCITS ETF
Invesco Euro Cash 3 Months UCITS ETF (XETRA: PJEU) is an exchange-traded fund listed on XETRA, trading at €109.33 (about ₹11,958 a unit) as of 25 Sep 2026, 11:36 AM ET. It has an expense ratio of 0.09%. Indian residents can buy PJEU through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€109.33
Today's high
€109.63
52 week low
€107.28
52 week high
€109.79
PJEU opened at €109.52, closed previously at €109.41, and has traded between €107.28 and €109.79 over the past 52 weeks.
About
The Invesco Euro Cash 3 Months UCITS ETF Acc endeavors to match the overall return of the FTSE Eurozone Government Bill 0-6 Month Capped Index, after deducting management charges. This benchmark primarily comprises actively traded sovereign bills from Eurozone nations. However, the weighting of each bill within the index accounts for the full market size of that country's bills on the MTS Platform – including those not actively quoted – provided they fall within the designated maturity period. The broader FTSE Government Bill Indices are designed to measure the comprehensive return generated by sovereign bills issued by Eurozone countries and listed on the MTS bond platform. For the specific 0-6 month maturity segment, individual issuers are weighted by their market capitalization, with a maximum cap of 34.5%. Interest payments (coupons) received from any bond held in the index portfolio are immediately reinvested into the index overnight, free from withholding tax deductions. Valuation of the Reference Index is based on real-time quotes from the MTS inter-dealer platform, and it undergoes rebalancing weekly. The fund's managers utilize sophisticated portfolio modeling tools to select and hold a representative subset of the index's securities, aiming to capture the entire index's characteristics. This 'sampling' strategy seeks to mirror the index's performance as closely as possible, while also reducing the operational costs typically associated with full replication. This ETF is managed passively. Investing in this fund means acquiring units in a passively managed, index-tracking vehicle, rather than directly owning the underlying assets held by the fund.
Key statistics
Expense ratio
0.09%
Assets (AUM)
€216.4M
Holdings
—
NAV
€109.56
Avg. volume
—
1-year price change
+1.83%
5-year price change
+9.63%
Price change excludes dividends.
Top 10 holdings
These 10 are 28.0% of the fund.
Where the money is invested
Countries
How to buy PJEU from India
Indian residents can buy PJEU units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
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.
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 EUR when you buy.
Search PJEU and buy
Find the fund by its ticker, PJEU, on XETRA, and place your order.
Read the full guide: how to invest in PJEU from India
Trading and taxes when buying PJEU from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the PJEU price today?
Invesco Euro Cash 3 Months UCITS ETF (PJEU) last traded at €109.33 on XETRA, as of 25 Sep 2026, 11:36 AM ET. That is ₹11,958 a unit at the 25 Sep 2026 EUR/INR rate.
When does PJEU trade, in Indian time?
XETRA trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
How big is PJEU, and what does it cost to hold?
Invesco Euro Cash 3 Months UCITS ETF manages about €216.4M. Its expense ratio is 0.09% a year, deducted inside the fund. It launched in 2008.
Is PJEU a UCITS ETF?
Yes. Invesco Euro Cash 3 Months UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on XETRA and trades in EUR.
What are PJEU's largest holdings?
The top three are GERMAN 0% 13/01/27 (3.3%), GERMAN 0% 14/10/26 (3.1%) and GERMAN 0% 18/11/26 (3.1%). PJEU's 10 largest positions make up 28.0% of the fund.
Is PJEU subject to US estate tax?
No. Because PJEU is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are US dividends taxed inside PJEU?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on PJEU taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has PJEU performed?
PJEU's price is up 1.8% over the past year and up 9.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is PJEU different from a US-listed ETF?
PJEU is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.