XETRA · UCITS ETF
Invest in JP40 ETF from India
Indian and foreign residents can buy Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF (JP40) units directly through Paasa.
By Paasa · Updated
JP40 at a glance
- Price
- €260.05-€1.00 (0.38%)
- Expense ratio
- 0.18%
- Day range
- €259.10 – €261.05
- Assets
- €275.5M
- Domicile
- Luxembourg
- Holdings
- 48
- Launched
- 2018
- Dividends
- —
- 1 month
- +3.30%
- 6 months
- +13.29%
- YTD
- +24.46%
- 1 year
- +29.83%
- 5 years
- +62.63%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON.COM INC9.0%
- 2MICROSOFT CORP9.0%
- 3COCA-COLA CO/THE9.0%
- 4CVS HEALTH CORP8.7%
- 5APPLIED MATERIALS INC4.7%
- 6FORTINET INC4.5%
- 7ALPHABET INC CL A4.5%
- 8NVIDIA CORP4.4%
- 9META PLATFORMS INC-CLASS A4.4%
- 10ABBVIE INC4.4%
JP40 holds 48 securities in total. These 10 are 62.6% of the fund.
Where the money is invested
Sectors
- Communication Services25.4%
- Financial Services18.9%
- Consumer Cyclical17.2%
- Healthcare11.1%
- Technology8.0%
- Industrials6.8%
Countries
- United States99.5%
- France0.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| JPHGLSEAmundi Index Solutions - JPX-Nikkei 400 UCITS ETF | 0.18% | 227.6M |
Assets are shown in each fund's own reporting currency.
How to invest in JP40 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 JP40 and buy
Find the fund by its ticker, JP40, on XETRA, and place your order.
Why invest in JP40 from India
What JP40 holds
This Amundi UCITS ETF endeavors to closely mirror the performance of the JPX-Nikkei 400 index, which is denominated in Japanese Yen and incorporates net dividend reinvestment. It effectively tracks the index's movements, regardless of whether the market is advancing or declining.
Outside US estate tax
JP40 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 JP40's UCITS structure matters for Indian investors
JP40 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 JP40 from India?
Yes. Indian residents can buy Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF (JP40) 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 JP40 invest in?
Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF holds 48 securities. Its largest holdings are AMAZON.COM INC (9.0%), MICROSOFT CORP (9.0%) and COCA-COLA CO/THE (9.0%). Communication Services is its largest sector at 25.4%. The fund is domiciled in Luxembourg.
What is the expense ratio of JP40?
Amundi Index Solutions - JPX-Nikkei 400 UCITS ETF has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about €275.5M.
Is JP40 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - JPX-Nikkei 400 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.
What tax do I pay in India when I sell JP40?
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.