London Stock Exchange ETF segment · UCITS ETF
Invest in JPHU ETF from India
Indian and foreign residents can buy Amundi JPX-NIKKEI 400 UCITS ETF Daily (JPHU) units directly through Paasa.
By Paasa · Updated
JPHU at a glance
- Price
- $563.15+$4.60 (0.82%)
- Expense ratio
- 0.18%
- Day range
- $563.15 – $565.70
- Assets
- $319.4M
- Domicile
- Luxembourg
- Holdings
- 48
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- +0.09%
- 6 months
- +13.94%
- YTD
- +23.19%
- 1 year
- +35.51%
- 5 years
- +156.59%
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORPMSFT9.0%
- 2COCA-COLA CO/THEKO9.0%
- 3AMAZON.COM INCAMZN8.4%
- 4CVS HEALTH CORPCVS8.2%
- 5FORGENT POWER SOLUTIONS-CL AFPS4.7%
- 6FORTINET INCFTNT4.6%
- 7META PLATFORMS INC-CLASS AMETA4.5%
- 8APPLIED MATERIALS INCAMAT4.5%
- 9TESLA INCTSLA4.5%
- 10ABBVIE INCABBV4.5%
JPHU holds 48 securities in total. These 10 are 61.9% 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 States91.1%
- Netherlands8.4%
- France0.5%
How to invest in JPHU 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 JPHU and buy
Find the fund by its ticker, JPHU, on the London Stock Exchange ETF segment, and place your order.
Why invest in JPHU from India
What JPHU holds
This Amundi ETF is designed to closely mirror the performance of the yen-denominated JPX-Nikkei 400 index, including net dividends reinvested, regardless of market movements. It also incorporates a monthly currency hedge into USD.
Outside US estate tax
JPHU 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 JPHU's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
JPHU 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 JPHU's UCITS structure matters for Indian investors
JPHU 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 JPHU from India?
Yes. Indian residents can buy Amundi JPX-NIKKEI 400 UCITS ETF Daily (JPHU) 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 JPHU invest in?
Amundi JPX-NIKKEI 400 UCITS ETF Daily holds 48 securities. Its largest holdings are MICROSOFT CORP (9.0%), COCA-COLA CO/THE (9.0%) and AMAZON.COM INC (8.4%). Communication Services is its largest sector at 25.4%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of JPHU?
Amundi JPX-NIKKEI 400 UCITS ETF Daily has an expense ratio of 0.18% a year, taken from the fund's assets rather than billed to you. The fund manages about $319.4M.
Is JPHU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi JPX-NIKKEI 400 UCITS ETF Daily 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 JPHU pay dividends?
No. Amundi JPX-NIKKEI 400 UCITS ETF Daily 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 JPHU?
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.