XETRA · UCITS ETF
Invest in LEER ETF from India
Indian and foreign residents can buy Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER) units directly through Paasa.
By Paasa · Updated
LEER at a glance
- Price
- €48.44+€0.39 (0.80%)
- Expense ratio
- 0.5%
- Day range
- €48.01 – €48.56
- Assets
- €709.7M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- +2.12%
- 6 months
- +30.31%
- YTD
- +31.37%
- 1 year
- +50.28%
- 5 years
- +132.53%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INC8.8%
- 2FREEPORT-MCMORAN INC8.5%
- 3AMAZON.COM INC7.6%
- 4NVIDIA CORP6.7%
- 5BANK OF AMERICA CORP6.4%
- 6MICROSOFT CORP4.6%
- 7ABBVIE INC4.4%
- 8ORACLE CORP4.1%
- 9AMGEN INC4.0%
- 10LINDE PLC4.0%
These 10 are 59.2% of the fund.
Where the money is invested
Sectors
- Financial Services51.9%
- Energy15.0%
- Consumer Cyclical9.0%
- Basic Materials6.7%
- Utilities5.5%
- Consumer Defensive4.1%
Countries
- United States96.0%
- United Kingdom4.0%
How to invest in LEER 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 LEER and buy
Find the fund by its ticker, LEER, on XETRA, and place your order.
Why invest in LEER from India
What LEER holds
The Amundi MSCI Eastern Europe Ex Russia UCITS ETF - Acc is a UCITS-regulated exchange-traded fund designed to replicate the investment returns of the MSCI EM Eastern Europe ex Russia Net Total Return EUR Index. This benchmark encompasses the stock market performance of three developing nations in Eastern Europe: Poland, Hungary, and the Czech Republic, covering approximately 85% of the equity universe within each country.
Outside US estate tax
LEER 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 LEER'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 LEER's UCITS structure matters for Indian investors
LEER 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 LEER from India?
Yes. Indian residents can buy Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER) 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 LEER invest in?
Its largest holdings are APPLE INC (8.8%), FREEPORT-MCMORAN INC (8.5%) and AMAZON.COM INC (7.6%). Financial Services is its largest sector at 51.9%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LEER?
Amundi MSCI Eastern Europe Ex Russia UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about €709.7M.
Is LEER a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Eastern Europe Ex Russia 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 LEER pay dividends?
No. Amundi MSCI Eastern Europe Ex Russia 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 LEER?
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.