XETRA · ETF
Invest in 18M2 ETF from India
Indian and foreign residents can buy Amundi MSCI EMU High Dividend UCITS ETF (18M2) units directly through Paasa.
By Paasa · Updated
18M2 at a glance
- Price
- €213.55+€0.85 (0.40%)
- Expense ratio
- 0.3%
- Day range
- €213.30 – €214.25
- Assets
- €388.6M
- Domicile
- France
- Holdings
- —
- Launched
- 2009
- Dividends
- Accumulating
- 1 month
- -1.20%
- 6 months
- +12.02%
- YTD
- +13.09%
- 1 year
- +21.58%
- 5 years
- +61.54%
Price change, excluding dividends.
Top 10 holdings
- 1AXA SACS.PA5.3%
- 2DHL GROUP (XETRA)DHL.DE5.1%
- 3CAIXABANK SACABK.MC5.0%
- 4ALLIANZ SE-REGALV.DE4.5%
- 5REPSOL SAREP.MC4.3%
- 6MUENCHENER RUECKVER AG-REGMUV2.DE4.2%
- 7TOTALENERGIES SE PARISTTE.PA4.1%
- 8SANOFI - PARISSAN.PA4.1%
- 9ENEL SPAENEL.MI3.9%
- 10VINCI SA (PARIS)DG.PA3.8%
These 10 are 44.4% of the fund.
Where the money is invested
Sectors
- Financial Services42.3%
- Industrials13.3%
- Utilities10.8%
- Energy8.7%
- Consumer Cyclical7.4%
- Consumer Defensive5.2%
Countries
- France30.0%
- Germany23.0%
- Italy13.5%
- Spain11.7%
- Netherlands8.7%
- Finland3.1%
How to invest in 18M2 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 18M2 and buy
Find the fund by its ticker, 18M2, on XETRA, and place your order.
Why invest in 18M2 from India
What 18M2 holds
The Amundi MSCI EMU High Dividend UCITS ETF Acc endeavors to precisely replicate the performance of the MSCI EMU High Dividend Yield Net Total Return Local Index (the Index), whether markets are rising or falling. A primary goal is also to keep any divergence between the Sub-Fund's net asset value and the Index's performance to a minimum.
Dividends reinvested for you
Dividends from 18M2's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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.
Frequently asked questions
Can I buy 18M2 from India?
Yes. Indian residents can buy Amundi MSCI EMU High Dividend UCITS ETF (18M2) 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 18M2 invest in?
Its largest holdings are AXA SA (5.3%), DHL GROUP (XETRA) (5.1%) and CAIXABANK SA (5.0%). Financial Services is its largest sector at 42.3%. It is an accumulating fund domiciled in France.
What is the expense ratio of 18M2?
Amundi MSCI EMU High Dividend UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €388.6M.
Does 18M2 pay dividends?
No. Amundi MSCI EMU High Dividend UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell 18M2?
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 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.