XETRA · UCITS ETF
Invest in HNDX ETF from India
Indian and foreign residents can buy Amundi Nasdaq-100 Swap UCITS ETF (HNDX) units directly through Paasa.
By Paasa · Updated
HNDX at a glance
- Price
- €688.20+€4.70 (0.69%)
- Expense ratio
- 0.35%
- Day range
- €682.00 – €690.00
- Assets
- €3.0B
- Domicile
- Luxembourg
- Holdings
- 161
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +3.01%
- 6 months
- +30.54%
- YTD
- +17.82%
- 1 year
- +21.63%
- 5 years
- +86.78%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INC8.9%
- 2NVIDIA CORP8.4%
- 3AMAZON.COM INC7.2%
- 4RTX CORP5.6%
- 5MICROSOFT CORP3.8%
- 6GOLDMAN SACHS GROUP INC3.2%
- 7WARNER BROS DISCOVERY INC3.2%
- 8META PLATFORMS INC-CLASS A3.0%
- 9TESLA INC2.7%
- 10ALPHABET INC CL A2.4%
HNDX holds 161 securities in total. These 10 are 48.5% of the fund.
Where the money is invested
Sectors
- Technology32.5%
- Financial Services13.7%
- Consumer Cyclical12.4%
- Industrials10.4%
- Communication Services9.0%
- Consumer Defensive6.1%
Countries
- United States95.6%
- France3.6%
- Bermuda0.4%
- United Kingdom0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EQQSLSEInvesco NASDAQ-100 Swap UCITS ETF | 0.2% | 3.2B |
| NASDLSEAmundi Core Nasdaq-100 Swap UCITS ETF Acc | 0.22% | 8.8B |
| NADQXETRAAmundi Core Nasdaq-100 Swap UCITS ETF Dist | 0.22% | 7.7B |
| EQQDLSEInvesco NASDAQ-100 Swap UCITS ETF | 0.2% | 3.2B |
Assets are shown in each fund's own reporting currency.
How to invest in HNDX 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 HNDX and buy
Find the fund by its ticker, HNDX, on XETRA, and place your order.
Why invest in HNDX from India
What HNDX holds
The Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged Acc aims to closely mirror the financial performance of the NASDAQ-100 Currency Hedged EUR Net Total Return Index. Its primary goal is to replicate the index's returns as precisely as possible, regardless of market direction, while also striving to minimize any discrepancy between the Sub-Fund's net asset value and the index's performance.
Outside US estate tax
HNDX 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 HNDX'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 HNDX's UCITS structure matters for Indian investors
HNDX 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 HNDX from India?
Yes. Indian residents can buy Amundi Nasdaq-100 Swap UCITS ETF (HNDX) 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 HNDX invest in?
Amundi Nasdaq-100 Swap UCITS ETF holds 161 securities. Its largest holdings are APPLE INC (8.9%), NVIDIA CORP (8.4%) and AMAZON.COM INC (7.2%). Technology is its largest sector at 32.5%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of HNDX?
Amundi Nasdaq-100 Swap UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about €3.0B.
Is HNDX a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Nasdaq-100 Swap 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 HNDX pay dividends?
No. Amundi Nasdaq-100 Swap 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 HNDX?
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.