XETRA · UCITS ETF
Invest in 10AK ETF from India
Indian and foreign residents can buy Amundi Core Global Government Bond UCITS ETF (10AK) units directly through Paasa.
By Paasa · Updated
10AK at a glance
- Price
- €42.35-€0.02 (0.04%)
- Expense ratio
- 0.2%
- Day range
- €42.35 – €42.45
- Assets
- €4.4B
- Domicile
- Luxembourg
- Holdings
- 1,101
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -0.02%
- 6 months
- -1.23%
- YTD
- -0.68%
- 1 year
- -3.83%
- 5 years
- -22.69%
Price change, excluding dividends.
Top 10 holdings
- 1THE UNITED ST TSY 4.25% 15Nov340.4%
- 2THE UNITED ST TSY 4.25% 15May350.4%
- 3THE UNITED ST TSY 4.625% 15Feb350.4%
- 4THE UNITED ST TSY 1.625% 15May310.4%
- 5THE UNITED ST TSY 4.375% 15May360.4%
- 6THE UNITED ST TSY 4.375% 15May340.4%
- 7THE UNITED ST TSY 4% 15Nov350.4%
- 8THE UNITED ST TSY 4.125% 15Feb360.4%
- 9THE UNITED ST TSY 4.25% 15Aug350.4%
- 10THE UNITED ST TSY 1.125% 15Feb310.4%
10AK holds 1,101 securities in total. These 10 are 3.7% of the fund.
Where the money is invested
Sectors
- Financial Services19.1%
- Technology18.1%
- Consumer Cyclical12.2%
- Industrials9.9%
- Basic Materials8.9%
- Consumer Defensive8.2%
Countries
- United States51.6%
- Japan14.4%
- France6.5%
- United Kingdom6.3%
- Italy5.7%
- Germany5.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GOVGLSEAmundi Core Global Government Bond UCITS ETF GBP Hedged Dist | 0.15% | 3.7B |
| PRAGXETRAAmundi Prime Global Government Bond UCITS ETF Acc | 0.05% | 179.0M |
| GOUDLSEAmundi Global Government Bond UCITS ETF Dist | 0.09% | 121.1M |
Assets are shown in each fund's own reporting currency.
How to invest in 10AK 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 EUR when you buy.
Step 3
Search 10AK and buy
Find the fund by its ticker, 10AK, on XETRA, and place your order.
Why invest in 10AK from India
What 10AK holds
This Amundi Core Global Government Bond UCITS ETF Dist strives to faithfully mirror the performance of the JPM GBI Global Total Return Index Level Unhedged EUR (the Index), irrespective of market trends. A primary goal is also to keep the tracking error—the difference between the fund's net asset value and the index's performance—as minimal as possible.
Outside US estate tax
10AK is domiciled in Luxembourg, 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 10AK's UCITS structure matters for Indian investors
10AK is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy 10AK from India?
Yes. Indian residents can buy Amundi Core Global Government Bond UCITS ETF (10AK) through Paasa. It is listed on XETRA and trades in EUR. 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 10AK invest in?
Amundi Core Global Government Bond UCITS ETF holds 1,101 securities. Its largest holdings are THE UNITED ST TSY 4.25% 15Nov34 (0.4%), THE UNITED ST TSY 4.25% 15May35 (0.4%) and THE UNITED ST TSY 4.625% 15Feb35 (0.4%). Financial Services is its largest sector at 19.1%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of 10AK?
Amundi Core Global Government Bond UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €4.4B.
Is 10AK a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core Global Government Bond UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are 10AK dividends taxed in India?
Amundi Core Global Government Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. 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 10AK?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the EUR/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.