XETRA · UCITS ETF
Invest in FRNE ETF from India
Indian and foreign residents can buy Amundi Floating Rate Corporate Bond ESG UCITS ETF (FRNE) units directly through Paasa.
By Paasa · Updated
FRNE at a glance
- Price
- €113.31+€0.01 (0.00%)
- Expense ratio
- 0.18%
- Day range
- €113.26 – €113.34
- Assets
- €1.5B
- Domicile
- Luxembourg
- Holdings
- 113
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +0.18%
- 6 months
- +1.36%
- YTD
- +1.88%
- 1 year
- +2.54%
- 5 years
- +12.43%
Price change, excluding dividends.
Top 10 holdings
- 1AUST & NZ BAN FRN May27 EMTN1.6%
- 2COOPERATIEVE FRN Jul281.5%
- 3JPMORGAN CHAS FRN Feb29 EMTN1.5%
- 4NATWEST MARKE FRN Jun28 EMTN1.3%
- 5WESTPAC BANKI FRN Jan28 EMTN1.3%
- 6UBS GROUP FRN May29 EMTN1.3%
- 7SOCIETE GENER FRN Jul28 EMTN1.3%
- 8AUST & NZ BAN FRN Oct27 EMTN1.3%
- 9ING BANK NV FRN May281.3%
- 10BARCLAYS BK P FRN Jun281.2%
FRNE holds 113 securities in total. These 10 are 13.6% of the fund.
Where the money is invested
Sectors
- Corporate98.8%
- Government0.4%
Countries
- Canada16.6%
- United Kingdom14.8%
- United States14.3%
- France10.0%
- Netherlands9.3%
- Australia7.4%
How to invest in FRNE 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 FRNE and buy
Find the fund by its ticker, FRNE, on XETRA, and place your order.
Why invest in FRNE from India
What FRNE holds
This ETF aims to accurately mirror the performance of the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index (a total return index), whether the market is advancing or declining. It offers investors exposure to investment-grade corporate bonds, denominated in euros, that feature floating interest rates, issued by companies based in developed countries.
Outside US estate tax
FRNE is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from FRNE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 FRNE's UCITS structure matters for Indian investors
FRNE 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 FRNE from India?
Yes. Indian residents can buy Amundi Floating Rate Corporate Bond ESG UCITS ETF (FRNE) 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 FRNE invest in?
Amundi Floating Rate Corporate Bond ESG UCITS ETF holds 113 securities. Its largest holdings are AUST & NZ BAN FRN May27 EMTN (1.6%), COOPERATIEVE FRN Jul28 (1.5%) and JPMORGAN CHAS FRN Feb29 EMTN (1.5%). Corporate is its largest sector at 98.8%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of FRNE?
Amundi Floating Rate Corporate Bond ESG UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €1.5B.
Is FRNE a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Floating Rate Corporate Bond ESG 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.
Does FRNE pay dividends?
No. Amundi Floating Rate Corporate Bond ESG UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell FRNE?
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.