XETRA · UCITS ETF
Invest in AMEM ETF from India
Indian and foreign residents can buy Amundi MSCI Emerging Markets Swap UCITS ETF (AMEM) units directly through Paasa.
By Paasa · Updated
AMEM at a glance
- Price
- €7.83-€0.06 (0.80%)
- Expense ratio
- 0.2%
- Day range
- €7.81 – €7.89
- Assets
- €5.8B
- Domicile
- Luxembourg
- Holdings
- 202
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +1.11%
- 6 months
- +23.44%
- YTD
- +27.46%
- 1 year
- +33.32%
- 5 years
- +56.20%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON.COM INC8.4%
- 2NVIDIA CORP7.7%
- 3APPLE INC7.0%
- 4ALPHABET INC CL A4.7%
- 5TOTALENERGIES SE PARIS3.6%
- 6MICROSOFT CORP3.5%
- 7ADVANCED MICRO DEVICES3.3%
- 8META PLATFORMS INC-CLASS A3.1%
- 9ALPHABET INC CL C2.4%
- 10WALMART INC2.4%
AMEM holds 202 securities in total. These 10 are 46.0% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services19.5%
- Consumer Cyclical8.2%
- Industrials6.3%
- Basic Materials6.3%
- Communication Services6.1%
Countries
- United States89.0%
- France9.3%
- Ireland0.7%
- Bermuda0.4%
- Netherlands0.4%
- Switzerland0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| LEMALSEAmundi Core MSCI Emerging Markets Swap UCITS ETF Acc | 0.14% | 12.4B |
| U127LSEAmundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 0.14% | 12.4B |
| XMMDLSEXtrackers MSCI Emerging Markets Swap UCITS ETF 1C | 0.49% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in AMEM 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 AMEM and buy
Find the fund by its ticker, AMEM, on XETRA, and place your order.
Why invest in AMEM from India
What AMEM holds
The Amundi MSCI Emerging Markets Swap UCITS ETF EUR Acc endeavors to replicate with high fidelity the returns of the MSCI Emerging Markets Net Total Return USD Index (the Index), regardless of whether market trends are ascending or descending. A central objective is also to mitigate the tracking error between the sub-fund's net asset value and the Index's performance.
Outside US estate tax
AMEM 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 AMEM'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 AMEM's UCITS structure matters for Indian investors
AMEM 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 AMEM from India?
Yes. Indian residents can buy Amundi MSCI Emerging Markets Swap UCITS ETF (AMEM) 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 AMEM invest in?
Amundi MSCI Emerging Markets Swap UCITS ETF holds 202 securities. Its largest holdings are AMAZON.COM INC (8.4%), NVIDIA CORP (7.7%) and APPLE INC (7.0%). Technology is its largest sector at 41.9%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of AMEM?
Amundi MSCI Emerging Markets Swap UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about €5.8B.
Is AMEM a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Emerging Markets Swap 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 AMEM pay dividends?
No. Amundi MSCI Emerging Markets Swap 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 AMEM?
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.