XETRA · UCITS ETF
Invest in AME6 ETF from India
Indian and foreign residents can buy Amundi Stoxx Europe 600 ESG UCITS ETF (AME6) units directly through Paasa.
By Paasa · Updated
AME6 at a glance
- Price
- €159.98-€0.88 (0.55%)
- Expense ratio
- 0.18%
- Day range
- €159.98 – €162.14
- Assets
- €1.8B
- Domicile
- Luxembourg
- Holdings
- 486
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -2.74%
- 6 months
- +11.38%
- YTD
- +7.75%
- 1 year
- +15.61%
- 5 years
- +55.62%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV5.4%
- 2HSBC HOLDINGS PLC2.7%
- 3ROCHE HOLDING AG - GENUSSS CHF2.4%
- 4NOVARTIS AG-REG2.2%
- 5ASTRAZENECA GBP2.0%
- 6NESTLE SA-REG1.9%
- 7SIEMENS AG-REG1.8%
- 8BANCO SANTANDER SA MADRID1.7%
- 9SAP SE / XETRA1.7%
- 10SCHNEIDER ELECT SE1.5%
AME6 holds 486 securities in total. These 10 are 23.4% of the fund.
Where the money is invested
Sectors
- Financial Services30.1%
- Industrials17.2%
- Healthcare13.6%
- Technology11.0%
- Consumer Cyclical7.4%
- Consumer Defensive6.8%
Countries
- United Kingdom18.9%
- Switzerland15.9%
- Germany13.9%
- France13.2%
- Netherlands10.2%
- Spain6.5%
How to invest in AME6 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 AME6 and buy
Find the fund by its ticker, AME6, on XETRA, and place your order.
Why invest in AME6 from India
What AME6 holds
The objective of this Sub-Fund is to track the performance of STOXX Europe 600 Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index.
Outside US estate tax
AME6 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 AME6'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 AME6's UCITS structure matters for Indian investors
AME6 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 AME6 from India?
Yes. Indian residents can buy Amundi Stoxx Europe 600 ESG UCITS ETF (AME6) 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 AME6 invest in?
Amundi Stoxx Europe 600 ESG UCITS ETF holds 486 securities. Its largest holdings are ASML HOLDING NV (5.4%), HSBC HOLDINGS PLC (2.7%) and ROCHE HOLDING AG - GENUSSS CHF (2.4%). Financial Services is its largest sector at 30.1%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of AME6?
Amundi Stoxx Europe 600 ESG UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.8B.
Is AME6 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Stoxx Europe 600 ESG 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 AME6 pay dividends?
No. Amundi Stoxx Europe 600 ESG 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 AME6?
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.