London Stock Exchange ETF segment · UCITS ETF
Invest in GOVU ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Amundi Core Global Government Bond UCITS ETF DR (GOVU) units directly through Paasa.
By Paasa · Updated
GOVU at a glance
- Price
- $50.42-$0.13 (0.26%)
- Expense ratio
- 0.2%
- Day range
- $50.42 – $50.42
- Assets
- $5.0B
- Domicile
- Luxembourg
- Holdings
- 1,101
- Launched
- 2016
- Dividends
- —
- 1 month
- -2.30%
- 6 months
- -3.11%
- YTD
- -4.32%
- 1 year
- -4.74%
- 5 years
- -17.01%
Price change, excluding dividends.
Top 10 holdings
- 1THE UNITED ST TSY 4.625% 15Feb350.4%
- 2THE UNITED ST TSY 4.25% 15Nov340.4%
- 3THE UNITED ST TSY 4.375% 15May340.4%
- 4THE UNITED ST TSY 4.25% 15May350.4%
- 5THE UNITED ST TSY 1.625% 15May310.4%
- 6THE UNITED ST TSY 4.375% 15May360.4%
- 7THE UNITED ST TSY 4.125% 15Feb360.4%
- 8THE UNITED ST TSY 4% 15Nov350.4%
- 9THE UNITED ST TSY 4.25% 15Aug350.4%
- 10THE UNITED ST TSY 1.125% 15Feb310.4%
GOVU holds 1,101 securities in total. These 10 are 3.7% of the fund.
Where the money is invested
Sectors
- Financial Services19.1%
- Technology18.1%
- Consumer Cyclical12.2%
- Industrials9.9%
- Basic Materials8.9%
- Consumer Defensive8.2%
Countries
- United States51.6%
- Japan14.5%
- France6.4%
- United Kingdom6.3%
- Italy5.7%
- Germany5.1%
How to invest in GOVU 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.
Step 3
Search GOVU and buy
Find the fund by its ticker, GOVU, on the London Stock Exchange ETF segment, and place your order.
Why invest in GOVU from India
What GOVU holds
This Amundi Core Global Government Bond UCITS ETF is designed to closely replicate the performance of the J.P. Morgan Government Bond Index Global (the Index), performing similarly whether market trends are positive or negative.
Outside US estate tax
GOVU is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
GOVU is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 GOVU's UCITS structure matters for Indian investors
GOVU 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 GOVU from India?
Yes. Indian residents can buy Amundi Index Solutions - Amundi Core Global Government Bond UCITS ETF DR (GOVU) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 GOVU invest in?
Amundi Index Solutions - Amundi Core Global Government Bond UCITS ETF DR holds 1,101 securities. Its largest holdings are THE UNITED ST TSY 4.625% 15Feb35 (0.4%), THE UNITED ST TSY 4.25% 15Nov34 (0.4%) and THE UNITED ST TSY 4.375% 15May34 (0.4%). Financial Services is its largest sector at 19.1%. The fund is domiciled in Luxembourg.
What is the expense ratio of GOVU?
Amundi Index Solutions - Amundi Core Global Government Bond UCITS ETF DR has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $5.0B.
Is GOVU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Amundi Core Global Government Bond UCITS ETF DR 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 GOVU?
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 USD/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.