Euronext Amsterdam · UCITS ETF
Invest in GLDU ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Amundi Gold Miners UCITS ETF (GLDU) units directly through Paasa.
By Paasa · Updated
GLDU at a glance
- Price
- $72.86-$0.22 (0.30%)
- Expense ratio
- 0.65%
- Day range
- $72.86 – $73.75
- Assets
- $850.1M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -13.85%
- 6 months
- +1.94%
- YTD
- +4.12%
- 1 year
- +21.54%
- 5 years
- +214.67%
Price change, excluding dividends.
Top 10 holdings
- 1AGNICO EAGLE MINES-CAD16.0%
- 2NEWMONT CORP USD15.5%
- 3ANGLOGOLD ASHANTI PLC NYSE12.7%
- 4BARRICK MINING CORP11.9%
- 5KINROSS GOLD CORPORATION5.4%
- 6NORTHERN STAR RESOURCES LTD3.5%
- 7COEUR MINING INC3.3%
- 8ENDEAVOUR MINING PLC3.1%
- 9ALAMOS GOLD INC NEW CL A2.6%
- 10PAN AMERICAN SILVER2.6%
These 10 are 76.7% of the fund.
Where the money is invested
Countries
- Canada51.8%
- United States32.7%
- Australia10.5%
- United Kingdom3.1%
- Hong Kong0.9%
- South Africa0.9%
How to invest in GLDU 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 GLDU and buy
Find the fund by its ticker, GLDU, on Euronext Amsterdam, and place your order.
Why invest in GLDU from India
What GLDU holds
The Amundi NYSE Arca Gold BUGS UCITS Exchange Traded Fund (ETF) is a UCITS-compliant investment product designed to replicate the performance of its benchmark, the NYSE Arca Gold BUGS TR index. The underlying NYSE Arca Gold BUGS NTR Index, also known as 'HUINTR', comprises exclusively companies engaged in gold mining.
Outside US estate tax
GLDU 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
GLDU 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 GLDU's UCITS structure matters for Indian investors
GLDU 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 GLDU from India?
Yes. Indian residents can buy Amundi Index Solutions - Amundi Gold Miners UCITS ETF (GLDU) through Paasa. It is listed on Euronext Amsterdam 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 GLDU invest in?
Its largest holdings are AGNICO EAGLE MINES-CAD (16.0%), NEWMONT CORP USD (15.5%) and ANGLOGOLD ASHANTI PLC NYSE (12.7%). It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of GLDU?
Amundi Index Solutions - Amundi Gold Miners UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $850.1M.
Is GLDU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Amundi Gold Miners 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 GLDU dividends taxed in India?
Amundi Index Solutions - Amundi Gold Miners 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 GLDU?
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 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.