XETRA · UCITS ETF
Invest in 18MK ETF from India
Indian and foreign residents can buy Amundi MSCI India Swap II UCITS ETF (18MK) units directly through Paasa.
By Paasa · Updated
18MK at a glance
- Price
- €766.20-€0.10 (0.01%)
- Expense ratio
- 0.8%
- Day range
- €758.90 – €767.70
- Assets
- €194.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -4.67%
- 6 months
- +4.06%
- YTD
- -11.78%
- 1 year
- -9.11%
- 5 years
- +3.54%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INC9.1%
- 2NVIDIA CORP9.0%
- 3SOCIETE GENERALE5.8%
- 4TOTALENERGIES SE PARIS5.1%
- 5AXA SA4.8%
- 6MICROSOFT CORP4.6%
- 7ABBVIE INC4.5%
- 8NEWMONT CORP USD4.4%
- 9AMAZON.COM INC4.4%
- 10TESLA INC4.2%
These 10 are 55.9% of the fund.
Where the money is invested
Sectors
- Financial Services30.2%
- Consumer Cyclical12.5%
- Industrials10.4%
- Basic Materials8.5%
- Energy8.5%
- Technology8.1%
Countries
- United States76.5%
- France23.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CI2ULSEAmundi MSCI India Swap II UCITS ETF USD Acc | 0.8% | 221.4M |
Assets are shown in each fund's own reporting currency.
How to invest in 18MK 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 18MK and buy
Find the fund by its ticker, 18MK, on XETRA, and place your order.
Why invest in 18MK from India
What 18MK holds
The Amundi MSCI India Swap II UCITS ETF EUR Acc is designed to closely mirror the performance of the MSCI Emerging Markets India Net TR (USD) index, regardless of whether the market is trending up or down. A key objective is to minimize any divergence, or 'tracking error,' between the fund's net asset value and the index's returns.
Outside US estate tax
18MK is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from 18MK'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.
Why 18MK's UCITS structure matters for Indian investors
18MK 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 18MK from India?
Yes. Indian residents can buy Amundi MSCI India Swap II UCITS ETF (18MK) 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 18MK invest in?
Its largest holdings are APPLE INC (9.1%), NVIDIA CORP (9.0%) and SOCIETE GENERALE (5.8%). Financial Services is its largest sector at 30.2%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of 18MK?
Amundi MSCI India Swap II UCITS ETF has an expense ratio of 0.8% a year, taken from the fund's assets rather than billed to you. The fund manages about €194.7M.
Is 18MK a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI India Swap II 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.
Does 18MK pay dividends?
No. Amundi MSCI India Swap II 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 18MK?
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.