XETRA · UCITS ETF
Invest in LUTI ETF from India
Indian and foreign residents can buy Amundi STOXX Europe 600 Utilities UCITS ETF (LUTI) units directly through Paasa.
By Paasa · Updated
LUTI at a glance
- Price
- €99.57+€0.26 (0.26%)
- Expense ratio
- 0.3%
- Day range
- €98.70 – €99.68
- Assets
- €222.3M
- Domicile
- Luxembourg
- Holdings
- 41
- Launched
- 2024
- Dividends
- Accumulating
- 1 month
- -2.29%
- 6 months
- +1.21%
- YTD
- +11.04%
- 1 year
- +23.86%
- 5 years
- +75.83%
Price change, excluding dividends.
Top 10 holdings
- 1NOVO NORDISK A/S-BNOVO-B.CO9.0%
- 2EDP SAEDP.LS8.8%
- 3DSV A/S (DKK)DSV.CO7.9%
- 4DANSKE BANK A/SDANSKE.CO7.3%
- 5AIRBUS SE PARISAIR.PA3.9%
- 6TRYG A/STRYG.CO3.4%
- 7ASSA ABLOY AB -BASSA-B.ST3.2%
- 8MICRON TECHNOLOGY INCMU3.1%
- 9NOKIA OYJ HELSINKINOKIA.HE3.0%
- 10TESLA INCTSLA3.0%
LUTI holds 41 securities in total. These 10 are 52.6% of the fund.
Where the money is invested
Sectors
- Industrials25.4%
- Financial Services16.0%
- Technology14.2%
- Healthcare12.4%
- Utilities11.6%
- Consumer Cyclical6.9%
Countries
- Denmark34.6%
- United States20.0%
- Sweden11.8%
- Portugal9.6%
- France9.4%
- Finland8.0%
How to invest in LUTI 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 LUTI and buy
Find the fund by its ticker, LUTI, on XETRA, and place your order.
Why invest in LUTI from India
What LUTI holds
The Amundi STOXX Europe 600 Utilities UCITS ETF Acc aims to closely track the returns of the STOXX Europe 600 Utilities Net Total Return index, its underlying benchmark, performing consistently regardless of market direction. Detailed information concerning the index's rules and construction can be found in the fund's prospectus or Key Information Document (KID).
Outside US estate tax
LUTI 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 LUTI'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 LUTI's UCITS structure matters for Indian investors
LUTI 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 LUTI from India?
Yes. Indian residents can buy Amundi STOXX Europe 600 Utilities UCITS ETF (LUTI) 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 LUTI invest in?
Amundi STOXX Europe 600 Utilities UCITS ETF holds 41 securities. Its largest holdings are NOVO NORDISK A/S-B (9.0%), EDP SA (8.8%) and DSV A/S (DKK) (7.9%). Industrials is its largest sector at 25.4%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LUTI?
Amundi STOXX Europe 600 Utilities 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 €222.3M.
Is LUTI a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi STOXX Europe 600 Utilities 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 LUTI pay dividends?
No. Amundi STOXX Europe 600 Utilities 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 LUTI?
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.