XETRA · ETF
Invest in E907 ETF from India
Indian and foreign residents can buy Amundi MDAX ESG II UCITS ETF (E907) units directly through Paasa.
By Paasa · Updated
E907 at a glance
- Price
- €147.70+€1.68 (1.15%)
- Expense ratio
- 0.3%
- Day range
- €146.96 – €147.70
- Assets
- €90.0M
- Domicile
- Germany
- Holdings
- —
- Launched
- 2015
- Dividends
- Distributing
- 1 month
- -2.17%
- 6 months
- +6.06%
- YTD
- -0.04%
- 1 year
- +5.29%
- 5 years
- -20.55%
Price change, excluding dividends.
Top 10 holdings
- 1DEUTSCHE LUFTHANSA NOMINATIVELHA.DE6.1%
- 2TALANX AGTLX.DE5.8%
- 3KNORR-BREME AGKBX.DE5.7%
- 4SARTORIUS PFDSRT3.DE5.2%
- 5NORDEX SENDX1.DE4.3%
- 6DR ING HC F PORSCHE AGP911.DE4.0%
- 7EVONIK INDUSTRIES AGEVK.DE3.9%
- 8PORSCHE AUTOMOBIL HLDG-PFDPAH3.DE3.4%
- 9AIXTRON SEALD.DE3.3%
- 10DELIVERY HERODHER.DE3.1%
These 10 are 44.8% of the fund.
Where the money is invested
Sectors
- Industrials24.4%
- Consumer Cyclical24.3%
- Technology13.8%
- Basic Materials11.5%
- Financial Services10.4%
- Real Estate5.9%
Countries
- Germany95.6%
- United States3.1%
- Luxembourg1.1%
- Other0.2%
How to invest in E907 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 E907 and buy
Find the fund by its ticker, E907, on XETRA, and place your order.
Why invest in E907 from India
What E907 holds
The Amundi MDAX ESG II UCITS ETF is an exchange-traded fund, compliant with UCITS regulations, designed to replicate the performance of its underlying benchmark, the MDAX PERF INDEX. This benchmark, which is meticulously compiled by Deutsche Börse AG, consists of fifty medium-sized German companies.
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 E907 from India?
Yes. Indian residents can buy Amundi MDAX ESG II UCITS ETF (E907) 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 E907 invest in?
Its largest holdings are DEUTSCHE LUFTHANSA NOMINATIVE (6.1%), TALANX AG (5.8%) and KNORR-BREME AG (5.7%). Industrials is its largest sector at 24.4%. It is a distributing fund domiciled in Germany.
What is the expense ratio of E907?
Amundi MDAX ESG II 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 €90.0M.
How are E907 dividends taxed in India?
Amundi MDAX ESG 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 E907?
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.