XETRA · UCITS ETF
Invest in GC40 ETF from India
Indian and foreign residents can buy Amundi CAC 40 ESG UCITS ETF (GC40) units directly through Paasa.
By Paasa · Updated
GC40 at a glance
- Price
- €141.26+€0.06 (0.04%)
- Expense ratio
- 0.25%
- Day range
- €141.12 – €142.16
- Assets
- €698.3M
- Domicile
- Luxembourg
- Holdings
- 40
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -4.66%
- 6 months
- +7.90%
- YTD
- -1.57%
- 1 year
- +1.90%
- 5 years
- +41.47%
Price change, excluding dividends.
Top 10 holdings
- 1SCHNEIDER ELECT SESU.PA10.4%
- 2AIRBUS SE PARISAIR.PA7.2%
- 3BNP PARIBASBNP.PA6.1%
- 4SAFRAN SASAF.PA5.9%
- 5LVMH MOET HENNESSY LOUIS VUIMC.PA5.7%
- 6SANOFI - PARISSAN.PA5.6%
- 7AIR LIQUIDE PRIME FIDELITE5.5%
- 8L OREAL PRIME FIDELITE5.3%
- 9AXA SACS.PA4.6%
- 10VINCI SA (PARIS)DG.PA3.4%
GC40 holds 40 securities in total. These 10 are 59.9% of the fund.
Where the money is invested
Sectors
- Industrials40.1%
- Financial Services16.7%
- Consumer Cyclical14.2%
- Healthcare10.3%
- Technology5.7%
- Consumer Defensive4.5%
Countries
- France89.2%
- Netherlands7.5%
- Switzerland2.1%
- Luxembourg1.1%
How to invest in GC40 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 GC40 and buy
Find the fund by its ticker, GC40, on XETRA, and place your order.
Why invest in GC40 from India
What GC40 holds
This UCITS ETF, Amundi CAC 40 ESG - DR, is designed to closely track the performance of the CAC 40 ESG Index (Net Total Return Index). It offers investors access to 40 prominent French equities, chosen from the CAC Large 60 index, that exhibit robust Environmental, Social, and Governance credentials.
Outside US estate tax
GC40 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 GC40'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 GC40's UCITS structure matters for Indian investors
GC40 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 GC40 from India?
Yes. Indian residents can buy Amundi CAC 40 ESG UCITS ETF (GC40) 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 GC40 invest in?
Amundi CAC 40 ESG UCITS ETF holds 40 securities. Its largest holdings are SCHNEIDER ELECT SE (10.4%), AIRBUS SE PARIS (7.2%) and BNP PARIBAS (6.1%). Industrials is its largest sector at 40.1%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of GC40?
Amundi CAC 40 ESG UCITS ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about €698.3M.
Is GC40 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi CAC 40 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 GC40 pay dividends?
No. Amundi CAC 40 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 GC40?
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.