XETRA · UCITS ETF
Invest in 10AL ETF from India
Indian and foreign residents can buy Amundi Core Euro Government Bond UCITS ETF (10AL) units directly through Paasa.
By Paasa · Updated
10AL at a glance
- Price
- €40.24-€0.01 (0.03%)
- Expense ratio
- 0.09%
- Day range
- €40.24 – €40.34
- Assets
- €1.7B
- Domicile
- Luxembourg
- Holdings
- 412
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -2.54%
- 6 months
- -2.06%
- YTD
- -3.40%
- 1 year
- -5.69%
- 5 years
- -22.40%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE OAT 2.5% 25May300.9%
- 2FRANCE OAT 0.75% 25May280.8%
- 3FRANCE OAT 1.5% 25May310.8%
- 4FRENCH REPUBL OAT 2.75% 25Feb290.8%
- 5FRANCE OAT 2.75% 25Oct270.8%
- 6FRENCH REPUBL OAT 3.5% 25Nov330.8%
- 7FRENCH REPUBL OAT 2.75% 25Feb300.8%
- 8FRENCH REPUBL OAT 0.75% 25Nov280.8%
- 9FRENCH REPUBL OAT 2.7% 25Feb310.7%
- 10FRENCH REPUBL OAT 3.5% 25Nov350.7%
10AL holds 412 securities in total. These 10 are 8.0% of the fund.
Where the money is invested
Countries
- France25.0%
- Italy22.2%
- Germany20.0%
- Spain14.5%
- Belgium5.1%
- Netherlands4.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| PRARXETRAAmundi Prime Euro Government Bond UCITS ETF Acc | 0.05% | 2.1B |
| MTXXLSEAmundi Core Euro Government Bond UCITS ETF Acc | 0.09% | 1.5B |
| PRIRLSEAmundi Prime Euro Government Bond UCITS ETF Dist | 0.05% | 1.8B |
| EIBBXETRAInvesco Euro Government Bond UCITS ETF EUR | 0.07% | 24.5M |
Assets are shown in each fund's own reporting currency.
How to invest in 10AL 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 10AL and buy
Find the fund by its ticker, 10AL, on XETRA, and place your order.
Why invest in 10AL from India
What 10AL holds
This Exchange Traded Fund (ETF) aims to closely track the returns of the Bloomberg Euro Treasury 50bn Bond Index, striving for the closest possible alignment regardless of market fluctuations, whether positive or negative. A key goal is also to keep the discrepancy (tracking error) between its net asset value and the Index's performance to an absolute minimum.
Outside US estate tax
10AL 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 10AL's UCITS structure matters for Indian investors
10AL 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 10AL from India?
Yes. Indian residents can buy Amundi Core Euro Government Bond UCITS ETF (10AL) 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 10AL invest in?
Amundi Core Euro Government Bond UCITS ETF holds 412 securities. Its largest holdings are FRANCE OAT 2.5% 25May30 (0.9%), FRANCE OAT 0.75% 25May28 (0.8%) and FRANCE OAT 1.5% 25May31 (0.8%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of 10AL?
Amundi Core Euro Government Bond UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.7B.
Is 10AL a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core Euro 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 10AL dividends taxed in India?
Amundi Core Euro 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 10AL?
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.