London Stock Exchange ETF segment · UCITS ETF
Invest in APEX ETF from India
Indian and foreign residents can buy Amundi MSCI AC Asia Ex Japan UCITS ETF (APEX) units directly through Paasa.
By Paasa · Updated
APEX at a glance
- Price
- $231.65-$0.40 (0.17%)
- Expense ratio
- 0.5%
- Day range
- $230.60 – $232.75
- Assets
- $470.3M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -0.52%
- 6 months
- +24.45%
- YTD
- +24.76%
- 1 year
- +30.14%
- 5 years
- +53.14%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INC9.1%
- 2MICROSOFT CORP8.9%
- 3AMAZON.COM INC8.6%
- 4CATERPILLAR INC6.5%
- 5NVIDIA CORP6.2%
- 6APPLIED MATERIALS INC4.6%
- 7AMETEK INC4.5%
- 8PALANTIR TECHNOLOGIES INC-A4.4%
- 9META PLATFORMS INC-CLASS A4.3%
- 10TESLA INC4.3%
These 10 are 61.4% of the fund.
Where the money is invested
Sectors
- Technology46.8%
- Financial Services17.9%
- Consumer Cyclical8.7%
- Industrials7.0%
- Communication Services6.1%
- Basic Materials3.3%
Countries
- United States98.5%
- United Kingdom1.5%
How to invest in APEX 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.
Step 3
Search APEX and buy
Find the fund by its ticker, APEX, on the London Stock Exchange ETF segment, and place your order.
Why invest in APEX from India
What APEX holds
The Amundi MSCI AC Asia Ex Japan UCITS ETF - Acc is an exchange-traded fund that complies with UCITS standards, aiming to mirror the performance of its target benchmark, the MSCI AC Daily TR Net Asia Ex Japan USD. This particular index is structured as a free float-adjusted, market capitalization-weighted measure, crafted to gauge the daily stock market movements throughout Asia, excluding Japan.
Outside US estate tax
APEX 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 APEX's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
APEX is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 APEX's UCITS structure matters for Indian investors
APEX 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 APEX from India?
Yes. Indian residents can buy Amundi MSCI AC Asia Ex Japan UCITS ETF (APEX) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 APEX invest in?
Its largest holdings are APPLE INC (9.1%), MICROSOFT CORP (8.9%) and AMAZON.COM INC (8.6%). Technology is its largest sector at 46.8%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of APEX?
Amundi MSCI AC Asia Ex Japan UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $470.3M.
Is APEX a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI AC Asia Ex Japan 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 APEX pay dividends?
No. Amundi MSCI AC Asia Ex Japan 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 APEX?
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 USD/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.