XETRA · ETF
Invest in E903 ETF from India
Indian and foreign residents can buy Amundi DivDax II UCITS ETF (E903) units directly through Paasa.
By Paasa · Updated
E903 at a glance
- Price
- €214.60+€0.60 (0.28%)
- Expense ratio
- 0.25%
- Day range
- €213.65 – €214.60
- Assets
- €69.7M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- +5.77%
- 6 months
- -2.48%
- YTD
- +1.56%
- 1 year
- +8.03%
- 5 years
- +14.85%
Price change, excluding dividends.
Top 10 holdings
- 1MUENCHENER RUECKVER AG-REG10.8%
- 2DEUTSCHE TELEKOM NAMEN (XETRA)10.1%
- 3ALLIANZ SE-REG9.9%
- 4DHL GROUP (XETRA)9.6%
- 5DEUTSCHE BANK AG NAMEN9.0%
- 6BASF SE XETRA8.3%
- 7E.ON SE6.9%
- 8MERCEDES-BENZ GROUP AG5.2%
- 9DAIMLER TRUCK HOLDING AG3.8%
- 10BAYERISCHE MOTOREN WERKE AG3.3%
These 10 are 76.9% of the fund.
Where the money is invested
Sectors
- Financial Services35.4%
- Consumer Cyclical16.3%
- Communication Services10.1%
- Basic Materials9.6%
- Industrials9.6%
- Healthcare7.2%
Countries
- Germany99.4%
- Other0.6%
How to invest in E903 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 E903 and buy
Find the fund by its ticker, E903, on XETRA, and place your order.
Why invest in E903 from India
What E903 holds
The Amundi DivDAX II UCITS ETF is a UCITS-compliant exchange-traded fund engineered to replicate the performance of the DivDAX Total Return Index. This benchmark, compiled by Deutsche Börse AG, selects the fifteen companies from Germany's flagship DAX index that exhibit the highest dividend yields.
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 E903 from India?
Yes. Indian residents can buy Amundi DivDax II UCITS ETF (E903) 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 E903 invest in?
Its largest holdings are MUENCHENER RUECKVER AG-REG (10.8%), DEUTSCHE TELEKOM NAMEN (XETRA) (10.1%) and ALLIANZ SE-REG (9.9%). Financial Services is its largest sector at 35.4%. It is a distributing fund domiciled in Germany.
What is the expense ratio of E903?
Amundi DivDax II UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €69.7M.
How are E903 dividends taxed in India?
Amundi DivDax II UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell E903?
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.