XETRA · UCITS ETF
Invest in AMEL ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Amundi MSCI Em Latin America UCITS ETF-C (AMEL) units directly through Paasa.
By Paasa · Updated
AMEL at a glance
- Price
- €21.22+€0.11 (0.52%)
- Expense ratio
- 0.2%
- Day range
- €21.21 – €21.32
- Assets
- €1.3B
- Domicile
- Luxembourg
- Holdings
- 52
- Launched
- 2018
- Dividends
- —
- 1 month
- +2.02%
- 6 months
- +3.56%
- YTD
- +16.98%
- 1 year
- +26.61%
- 5 years
- +83.72%
Price change, excluding dividends.
Top 10 holdings
- 1ADVANCED MICRO DEVICES7.3%
- 2ASTERA LABS INC5.9%
- 3APPLIED MATERIALS INC5.4%
- 4AMAZON.COM INC4.9%
- 5DYNATRACE INC4.3%
- 6LIBERTY MEDIA CORP-C3.8%
- 7KLA CORP3.6%
- 8CONSTELLATION BRANDS - A3.4%
- 9NVIDIA CORP3.3%
- 10TESLA INC2.8%
AMEL holds 52 securities in total. These 10 are 44.7% of the fund.
Where the money is invested
Sectors
- Financial Services32.5%
- Basic Materials21.2%
- Energy10.9%
- Industrials10.7%
- Consumer Defensive9.7%
- Utilities7.1%
Countries
- United States96.8%
- Netherlands1.3%
- United Kingdom0.8%
- Finland0.4%
- Canada0.4%
- Bermuda0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| ALAULSEAmundi Index Solutions - Amundi MSCI Em Latin America UCITS ETF-C USD | 0.2% | 1.5B |
Assets are shown in each fund's own reporting currency.
How to invest in AMEL 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 AMEL and buy
Find the fund by its ticker, AMEL, on XETRA, and place your order.
Why invest in AMEL from India
What AMEL holds
The AMUNDI MSCI EM LATIN AMERICA UCITS ETF is engineered to accurately reflect the performance of the MSCI Emerging Markets Latin America Index, which includes net reinvested dividends. Its objective is to replicate the index's USD-denominated returns, converted into Euros, providing consistent performance irrespective of market trends.
Outside US estate tax
AMEL 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 AMEL's UCITS structure matters for Indian investors
AMEL 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 AMEL from India?
Yes. Indian residents can buy Amundi Index Solutions - Amundi MSCI Em Latin America UCITS ETF-C (AMEL) 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 AMEL invest in?
Amundi Index Solutions - Amundi MSCI Em Latin America UCITS ETF-C holds 52 securities. Its largest holdings are ADVANCED MICRO DEVICES (7.3%), ASTERA LABS INC (5.9%) and APPLIED MATERIALS INC (5.4%). Financial Services is its largest sector at 32.5%. The fund is domiciled in Luxembourg.
What is the expense ratio of AMEL?
Amundi Index Solutions - Amundi MSCI Em Latin America UCITS ETF-C has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.3B.
Is AMEL a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Amundi MSCI Em Latin America UCITS ETF-C 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.
What tax do I pay in India when I sell AMEL?
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.