XETRA · UCITS ETF
Invest in INDA ETF from India
Indian and foreign residents can buy Amundi STOXX Europe 600 Banks UCITS ETF (INDA) units directly through Paasa.
By Paasa · Updated
INDA at a glance
- Price
- €99.00-€0.76 (0.76%)
- Expense ratio
- 0.3%
- Day range
- €98.96 – €100.42
- Assets
- €3.5B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -1.10%
- 6 months
- +31.70%
- YTD
- +22.60%
- 1 year
- +33.84%
- 5 years
- +202.75%
Price change, excluding dividends.
Top 10 holdings
- 1AIRBUS SE PARIS7.7%
- 2ALLIANZ SE-REG7.6%
- 3MUENCHENER RUECKVER AG-REG6.8%
- 4NORDEA BANK ABP5.9%
- 5APPLE INC5.5%
- 6SOCIETE GENERALE5.2%
- 7DEUTSCHE BANK AG NAMEN4.5%
- 8ING GROEP NV4.5%
- 9SIEMENS AG-REG4.5%
- 10NVIDIA CORP4.4%
These 10 are 56.5% of the fund.
Where the money is invested
Sectors
- Financial Services45.2%
- Industrials21.1%
- Technology16.1%
- Consumer Defensive4.7%
- Basic Materials4.7%
- Healthcare3.6%
Countries
- Germany29.3%
- Netherlands22.0%
- United States20.3%
- France13.9%
- Finland6.7%
- Ireland2.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CB5LSEAmundi STOXX Europe 600 Banks UCITS ETF Acc | 0.3% | 3.0B |
Assets are shown in each fund's own reporting currency.
How to invest in INDA 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 INDA and buy
Find the fund by its ticker, INDA, on XETRA, and place your order.
Why invest in INDA from India
What INDA holds
Amundi STOXX Europe 600 Banks UCITS ETF Dist seeks to replicate as closely as possible the performance of the STOXX Europe 600 Banks Net Total Return index (the "Index") whether the trend is rising of falling. For further information on index rules, please refer to the fund prospectus or KID.
Outside US estate tax
INDA is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 INDA's UCITS structure matters for Indian investors
INDA 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 INDA from India?
Yes. Indian residents can buy Amundi STOXX Europe 600 Banks UCITS ETF (INDA) 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 INDA invest in?
Its largest holdings are AIRBUS SE PARIS (7.7%), ALLIANZ SE-REG (7.6%) and MUENCHENER RUECKVER AG-REG (6.8%). Financial Services is its largest sector at 45.2%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of INDA?
Amundi STOXX Europe 600 Banks UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about €3.5B.
Is INDA a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi STOXX Europe 600 Banks 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 INDA dividends taxed in India?
Amundi STOXX Europe 600 Banks 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 INDA?
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.