London Stock Exchange ETF segment · UCITS ETF
Invest in CMU ETF from India
Indian and foreign residents can buy Amundi MSCI EMU ESG Selection UCITS ETF DR - C (CMU) units directly through Paasa.
By Paasa · Updated
CMU at a glance
- Price
- £354.08-£3.30 (0.92%)
- Expense ratio
- 0.25%
- Day range
- £354.08 – £357.70
- Assets
- £2.0B
- Domicile
- Luxembourg
- Holdings
- 117
- Launched
- 2018
- Dividends
- —
- 1 month
- -2.86%
- 6 months
- +19.82%
- YTD
- +15.06%
- 1 year
- +21.04%
- 5 years
- +66.04%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV9.0%
- 2NOKIA OYJ HELSINKI5.0%
- 3SCHNEIDER ELECT SE5.0%
- 4ALLIANZ SE-REG4.9%
- 5DASSAULT SYSTEMES SE4.8%
- 6IBERDROLA SA4.2%
- 7LVMH MOET HENNESSY LOUIS VUI3.3%
- 8BNP PARIBAS3.2%
- 9INTESA SANPAOLO3.2%
- 10ING GROEP NV3.0%
CMU holds 117 securities in total. These 10 are 45.5% of the fund.
Where the money is invested
Sectors
- Financial Services30.7%
- Technology19.4%
- Industrials16.5%
- Consumer Cyclical10.2%
- Utilities6.2%
- Consumer Defensive6.0%
Countries
- France37.9%
- Netherlands18.3%
- Germany11.2%
- Spain9.1%
- Finland8.3%
- Italy6.2%
How to invest in CMU 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 CMU and buy
Find the fund by its ticker, CMU, on the London Stock Exchange ETF segment, and place your order.
Why invest in CMU from India
What CMU holds
The Amundi MSCI EMU ESG Selection - UCITS ETF DR - EUR is designed to closely emulate the performance of the MSCI EMU ESG Selection P-Series 5% Issuer Capped Index, striving for precise replication regardless of market direction. A primary objective is to minimize any divergence, or tracking error, between the Sub-Fund's net asset value and the Index's returns.
Outside US estate tax
CMU 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 CMU's UCITS structure matters for Indian investors
CMU 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 CMU from India?
Yes. Indian residents can buy Amundi MSCI EMU ESG Selection UCITS ETF DR - C (CMU) 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 CMU invest in?
Amundi MSCI EMU ESG Selection UCITS ETF DR - C holds 117 securities. Its largest holdings are ASML HOLDING NV (9.0%), NOKIA OYJ HELSINKI (5.0%) and SCHNEIDER ELECT SE (5.0%). Financial Services is its largest sector at 30.7%. The fund is domiciled in Luxembourg.
What is the expense ratio of CMU?
Amundi MSCI EMU ESG Selection UCITS ETF DR - C has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about £2.0B.
Is CMU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI EMU ESG Selection UCITS ETF DR - 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 CMU?
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.