XETRA · ETF
Invest in B500 ETF from India
Indian and foreign residents can buy Amundi Index Solutions - S&P 500 Buyback ETF (B500) units directly through Paasa.
By Paasa · Updated
B500 at a glance
- Price
- €366.55-€0.95 (0.26%)
- Expense ratio
- 0.15%
- Day range
- €366.40 – €368.60
- Assets
- €83.5M
- Domicile
- Luxembourg
- Holdings
- 40
- Launched
- 2018
- Dividends
- —
- 1 month
- +2.65%
- 6 months
- +14.12%
- YTD
- +17.24%
- 1 year
- +22.33%
- 5 years
- +61.09%
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORP9.0%
- 2COCA-COLA CO/THE8.7%
- 3ELI LILLY & CO8.2%
- 4WESTERN DIGITAL CORPORATION5.9%
- 5MICRON TECHNOLOGY INC4.8%
- 6HOME DEPOT INC4.6%
- 7CENCORA INC4.4%
- 8HUMANA INC4.4%
- 9GARMIN LTD4.2%
- 10AMETEK INC4.0%
B500 holds 40 securities in total. These 10 are 58.1% of the fund.
Where the money is invested
Sectors
- Financial Services28.1%
- Technology21.0%
- Consumer Cyclical18.5%
- Industrials9.7%
- Healthcare8.7%
- Communication Services5.0%
Countries
- United States99.2%
- Mexico0.8%
How to invest in B500 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 B500 and buy
Find the fund by its ticker, B500, on XETRA, and place your order.
Why invest in B500 from India
What B500 holds
The Amundi S&P 500 Buyback UCITS ETF is designed to mirror the performance of the S&P 500 Buyback strategy Index, which incorporates reinvested net dividends and is denominated in USD, irrespective of market direction. It offers investors exposure to the 100 S&P 500 constituents with the most significant share buyback ratios observed over the last year.
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.
Frequently asked questions
Can I buy B500 from India?
Yes. Indian residents can buy Amundi Index Solutions - S&P 500 Buyback ETF (B500) 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 B500 invest in?
Amundi Index Solutions - S&P 500 Buyback ETF holds 40 securities. Its largest holdings are MICROSOFT CORP (9.0%), COCA-COLA CO/THE (8.7%) and ELI LILLY & CO (8.2%). Financial Services is its largest sector at 28.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of B500?
Amundi Index Solutions - S&P 500 Buyback ETF has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about €83.5M.
What tax do I pay in India when I sell B500?
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.