XETRA · UCITS ETF
Invest in ECR3 ETF from India
Indian and foreign residents can buy Amundi Corporate Bond 0-3Y ESG UCITS ETF DR C (ECR3) units directly through Paasa.
By Paasa · Updated
ECR3 at a glance
- Price
- €54.27+€0.04 (0.08%)
- Expense ratio
- 0.12%
- Day range
- €54.25 – €54.31
- Assets
- €3.8B
- Domicile
- Luxembourg
- Holdings
- 1,272
- Launched
- 2019
- Dividends
- —
- 1 month
- -0.37%
- 6 months
- +0.93%
- YTD
- +0.57%
- 1 year
- +1.10%
- 5 years
- +8.06%
Price change, excluding dividends.
Top 10 holdings
- 1CASH0.3%
- 2JPMORGAN CHAS VAR Mar30 EMTN0.2%
- 3UBS GROUP VAR Mar290.2%
- 4MORGAN STANLE VAR Mar290.2%
- 5MORGAN STANLE 1.875% Apr27 EMTN0.2%
- 6CRED AGRICOLE 2.625% Mar270.2%
- 7BANCO SANTAND VAR Apr290.2%
- 8GOLDMAN SACHS VAR Jul30 EMTN0.2%
- 9JPMORGAN CHAS 1.638% May28 EMTN0.2%
- 10WELLS FARGO C 1% Feb27 EMTN0.2%
ECR3 holds 1,272 securities in total. These 10 are 2.3% of the fund.
Where the money is invested
Sectors
- Corporate97.3%
Countries
- France20.1%
- United States14.0%
- Netherlands14.0%
- United Kingdom7.8%
- Germany7.5%
- Spain7.2%
How to invest in ECR3 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 ECR3 and buy
Find the fund by its ticker, ECR3, on XETRA, and place your order.
Why invest in ECR3 from India
What ECR3 holds
This Amundi UCITS exchange-traded fund (ETF) aims to mirror, as accurately as possible, the performance of the Bloomberg MSCI ESG Euro Corp BBB+ 0-3 Year Select Index, regardless of market direction. A key objective is to keep the discrepancy between the fund's net asset value and the index's performance to a minimum.
Outside US estate tax
ECR3 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 ECR3's UCITS structure matters for Indian investors
ECR3 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 ECR3 from India?
Yes. Indian residents can buy Amundi Corporate Bond 0-3Y ESG UCITS ETF DR C (ECR3) 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 ECR3 invest in?
Amundi Corporate Bond 0-3Y ESG UCITS ETF DR C holds 1,272 securities. Its largest holdings are CASH (0.3%), JPMORGAN CHAS VAR Mar30 EMTN (0.2%) and UBS GROUP VAR Mar29 (0.2%). Corporate is its largest sector at 97.3%. The fund is domiciled in Luxembourg.
What is the expense ratio of ECR3?
Amundi Corporate Bond 0-3Y ESG UCITS ETF DR C has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about €3.8B.
Is ECR3 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Corporate Bond 0-3Y ESG 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 ECR3?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.