London Stock Exchange ETF segment · UCITS ETF
Invest in CB5 ETF from India
Indian and foreign residents can buy Amundi STOXX Europe 600 Banks UCITS ETF (CB5) units directly through Paasa.
By Paasa · Updated
CB5 at a glance
- Price
- £63.46-£0.46 (0.71%)
- Expense ratio
- 0.3%
- Day range
- £63.43 – £64.37
- Assets
- £3.0B
- Domicile
- Luxembourg
- Holdings
- 96
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -0.22%
- 6 months
- +31.89%
- YTD
- +20.95%
- 1 year
- +39.75%
- 5 years
- -5.11%
Price change, excluding dividends.
Top 10 holdings
- 1AIRBUS SE PARIS7.7%
- 2ALLIANZ SE-REG7.6%
- 3MUENCHENER RUECKVER AG-REG6.8%
- 4NORDEA BANK ABP5.9%
- 5APPLE INC5.5%
- 6SOCIETE GENERALE5.2%
- 7DEUTSCHE BANK AG NAMEN4.5%
- 8ING GROEP NV4.5%
- 9SIEMENS AG-REG4.5%
- 10NVIDIA CORP4.4%
CB5 holds 96 securities in total. These 10 are 56.5% of the fund.
Where the money is invested
Sectors
- Financial Services48.5%
- Industrials20.9%
- Technology16.1%
- Consumer Defensive4.6%
- Healthcare3.7%
- Communication Services2.4%
Countries
- Germany29.1%
- Netherlands20.1%
- United States19.3%
- France14.2%
- Finland6.8%
- Ireland6.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| INDAXETRAAmundi STOXX Europe 600 Banks UCITS ETF Dist | 0.3% | 3.5B |
Assets are shown in each fund's own reporting currency.
How to invest in CB5 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 GBP when you buy.
Step 3
Search CB5 and buy
Find the fund by its ticker, CB5, on the London Stock Exchange ETF segment, and place your order.
Why invest in CB5 from India
What CB5 holds
The Amundi STOXX Europe 600 Banks UCITS ETF Acc is designed to closely track the performance of the STOXX Europe 600 Banks Net Total Return Index, which is priced in euros, irrespective of market movements. Its goal is to achieve this while keeping the "Tracking Error" – defined as the disparity between the fund's returns and the benchmark index's returns – to a minimum.
Outside US estate tax
CB5 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 CB5'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 CB5's UCITS structure matters for Indian investors
CB5 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 CB5 from India?
Yes. Indian residents can buy Amundi STOXX Europe 600 Banks UCITS ETF (CB5) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 CB5 invest in?
Amundi STOXX Europe 600 Banks UCITS ETF holds 96 securities. Its largest holdings are AIRBUS SE PARIS (7.7%), ALLIANZ SE-REG (7.6%) and MUENCHENER RUECKVER AG-REG (6.8%). Financial Services is its largest sector at 48.5%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of CB5?
Amundi STOXX Europe 600 Banks UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about £3.0B.
Is CB5 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi STOXX Europe 600 Banks 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 CB5 pay dividends?
No. Amundi STOXX Europe 600 Banks 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 CB5?
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 GBP/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.