XETRA · UCITS ETF
Invest in CN1G ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-C (CN1G) units directly through Paasa.
By Paasa · Updated
CN1G at a glance
- Price
- €701.70-€3.20 (0.45%)
- Expense ratio
- 0.25%
- Day range
- €701.30 – €708.10
- Assets
- €305.0M
- Domicile
- Luxembourg
- Holdings
- 82
- Launched
- 2018
- Dividends
- —
- 1 month
- -4.27%
- 6 months
- +10.68%
- YTD
- +7.46%
- 1 year
- +14.23%
- 5 years
- +24.41%
Price change, excluding dividends.
Top 10 holdings
- 1NOVO NORDISK A/S-B8.4%
- 2SPOTIFY TECHNOLOGY SA5.1%
- 3INVESTOR AB-B SHS4.9%
- 4NORDEA BANK ABP4.2%
- 5NOKIA OYJ HELSINKI3.5%
- 6ATLAS COPCO AB-A SHS3.5%
- 7VOLVO AB-B SHS3.4%
- 8SANDVIK AB2.7%
- 9DSV A/S (DKK)2.4%
- 10DANSKE BANK A/S2.4%
CN1G holds 82 securities in total. These 10 are 40.5% of the fund.
Where the money is invested
Sectors
- Industrials33.1%
- Financial Services22.9%
- Healthcare12.6%
- Communication Services7.9%
- Technology6.6%
- Basic Materials5.4%
Countries
- Sweden49.4%
- Denmark22.9%
- Finland17.6%
- Norway9.3%
- Luxembourg0.6%
- United Kingdom0.2%
How to invest in CN1G 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 CN1G and buy
Find the fund by its ticker, CN1G, on XETRA, and place your order.
Why invest in CN1G from India
What CN1G holds
The Amundi MSCI Nordic UCITS ETF is designed to mirror the performance of the MSCI Nordic Countries Index with utmost precision, regardless of whether markets are rising or falling. It offers investors a convenient way to gain exposure to approximately 80 leading companies within the Scandinavian region, including Denmark, Finland, Norway, and Sweden, all through a single investment.
Outside US estate tax
CN1G 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 CN1G's UCITS structure matters for Indian investors
CN1G 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 CN1G from India?
Yes. Indian residents can buy Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-C (CN1G) 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 CN1G invest in?
Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-C holds 82 securities. Its largest holdings are NOVO NORDISK A/S-B (8.4%), SPOTIFY TECHNOLOGY SA (5.1%) and INVESTOR AB-B SHS (4.9%). Industrials is its largest sector at 33.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of CN1G?
Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-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 €305.0M.
Is CN1G a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Amundi MSCI Nordic UCITS ETF-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 CN1G?
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.