XETRA · UCITS ETF
Invest in EGV2 ETF from India
Indian and foreign residents can buy Amundi Smart Overnight Return UCITS ETF (EGV2) units directly through Paasa.
By Paasa · Updated
EGV2 at a glance
- Price
- €102.04+€0.04 (0.04%)
- Expense ratio
- 0.1%
- Day range
- €101.98 – €102.04
- Assets
- €22.4B
- Domicile
- Luxembourg
- Holdings
- 243
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- +0.25%
- 6 months
- +1.25%
- YTD
- +1.90%
- 1 year
- -0.45%
- 5 years
- +2.38%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INCAAPL6.1%
- 2AMAZON.COM INCAMZN5.2%
- 3MICROSOFT CORPMSFT4.7%
- 4MICRON TECHNOLOGY INCMU4.0%
- 5NVIDIA CORPNVDA3.3%
- 6INTEL CORPINTC3.1%
- 7ADVANCED MICRO DEVICESAMD3.0%
- 8TESLA INCTSLA2.9%
- 9ALPHABET INC CL CGOOG2.5%
- 10MERCK & CO. INC.MRK2.3%
EGV2 holds 243 securities in total. These 10 are 37.0% of the fund.
Where the money is invested
Sectors
- Technology35.9%
- Communication Services13.9%
- Consumer Cyclical13.9%
- Healthcare11.3%
- Financial Services10.3%
- Industrials6.3%
Countries
- United States96.3%
- Germany1.6%
- Japan0.9%
- Netherlands0.7%
- United Kingdom0.2%
- Luxembourg0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CSH2LSEAmundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.1% | 19.2B |
| SMTCLSEAmundi Smart Overnight Return UCITS ETF USD Hedged Acc | 0.1% | 25.4B |
Assets are shown in each fund's own reporting currency.
How to invest in EGV2 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 EGV2 and buy
Find the fund by its ticker, EGV2, on XETRA, and place your order.
Why invest in EGV2 from India
What EGV2 holds
The Amundi Smart Overnight Return UCITS ETF Dist endeavors to faithfully reproduce the returns of the €STR (the "Index") as accurately as possible, irrespective of market trends. A primary goal is also to keep the disparity between the Sub-Fund's net asset value and the Index's performance to an absolute minimum.
Outside US estate tax
EGV2 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 EGV2's UCITS structure matters for Indian investors
EGV2 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 EGV2 from India?
Yes. Indian residents can buy Amundi Smart Overnight Return UCITS ETF (EGV2) 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 EGV2 invest in?
Amundi Smart Overnight Return UCITS ETF holds 243 securities. Its largest holdings are APPLE INC (6.1%), AMAZON.COM INC (5.2%) and MICROSOFT CORP (4.7%). Technology is its largest sector at 35.9%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of EGV2?
Amundi Smart Overnight Return UCITS ETF has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about €22.4B.
Is EGV2 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Smart Overnight Return UCITS ETF 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.
How are EGV2 dividends taxed in India?
Amundi Smart Overnight Return 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 EGV2?
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.