XETRA · UCITS ETF
Invest in FRNU ETF from India
Indian and foreign residents can buy Amundi Floating Rate Corporate Bond ESG UCITS ETF (FRNU) units directly through Paasa.
By Paasa · Updated
FRNU at a glance
- Price
- €126.74+€0.22 (0.17%)
- Expense ratio
- 0.18%
- Day range
- €126.46 – €126.74
- Assets
- €890.8M
- Domicile
- Luxembourg
- Holdings
- 278
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +1.74%
- 6 months
- +8.50%
- YTD
- +10.52%
- 1 year
- +10.20%
- 5 years
- +29.65%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON.COM IN FRN Mar280.8%
- 2CBAAU Float 03/14/300.7%
- 3HSBC HOLDINGS FRN May310.6%
- 4HSBC HOLDINGS FRN Mar320.6%
- 5AUST & NZ BAN FRN Jul270.6%
- 6WESTPAC BANKI FRN Jun310.5%
- 7CBAAU Float 03/14/280.5%
- 8CITIBANK NA FRN May270.5%
- 9MIZUHO FINANC FRN Jul320.5%
- 10SUMITR Float 03/13/300.5%
FRNU holds 278 securities in total. These 10 are 5.8% of the fund.
Where the money is invested
Sectors
- Corporate98.3%
Countries
- United States48.6%
- Australia10.6%
- Japan10.6%
- United Kingdom9.8%
- Canada7.9%
- France3.9%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FRNEXETRAAmundi EUR Floating Rate Corporate Bond ESG UCITS ETF Acc | 0.18% | 1.5B |
| FRNHXETRAAmundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged Acc | 0.2% | 890.8M |
Assets are shown in each fund's own reporting currency.
How to invest in FRNU 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 FRNU and buy
Find the fund by its ticker, FRNU, on XETRA, and place your order.
Why invest in FRNU from India
What FRNU holds
This ETF is designed to mirror, as accurately as possible, the performance of the Total Return iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index, regardless of market direction. It provides investors with exposure to USD-denominated, investment-grade floating rate notes issued by corporate entities based in developed countries.
Outside US estate tax
FRNU 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 FRNU'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 FRNU's UCITS structure matters for Indian investors
FRNU 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 FRNU from India?
Yes. Indian residents can buy Amundi Floating Rate Corporate Bond ESG UCITS ETF (FRNU) 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 FRNU invest in?
Amundi Floating Rate Corporate Bond ESG UCITS ETF holds 278 securities. Its largest holdings are AMAZON.COM IN FRN Mar28 (0.8%), CBAAU Float 03/14/30 (0.7%) and HSBC HOLDINGS FRN May31 (0.6%). Corporate is its largest sector at 98.3%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of FRNU?
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 €890.8M.
Is FRNU 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 FRNU 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 FRNU?
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.