London Stock Exchange ETF segment · UCITS ETF
Invest in LUXU ETF from India
Indian and foreign residents can buy Amundi Global Luxury UCITS ETF (LUXU) units directly through Paasa.
By Paasa · Updated
LUXU at a glance
- Price
- $216.40+$1.40 (0.65%)
- Expense ratio
- 0.35%
- Day range
- $216.40 – $217.45
- Assets
- $431.1M
- Domicile
- Luxembourg
- Holdings
- 31
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -8.62%
- 6 months
- +0.08%
- YTD
- -15.14%
- 1 year
- -11.39%
- 5 years
- -4.99%
Price change, excluding dividends.
Top 10 holdings
- 1CIE FINANCIERE RICHEMO-A REG7.5%
- 2LVMH MOET HENNESSY LOUIS VUI7.3%
- 3HERMES INTERNATIONAL7.1%
- 4FERRARI NV MILAN7.1%
- 5ROYAL CARIBBEAN CRUISES LTD5.6%
- 6L OREAL4.4%
- 7HILTON WORLDWIDE HOLDINGS IN4.3%
- 8MARRIOTT INTERNATIONAL-CL A4.2%
- 9TESLA INC4.2%
- 10MERCEDES-BENZ GROUP AG3.7%
LUXU holds 31 securities in total. These 10 are 55.4% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical85.2%
- Consumer Defensive14.6%
- Technology0.0%
Countries
- United States38.4%
- France23.3%
- Italy10.3%
- Switzerland7.9%
- Germany7.3%
- United Kingdom5.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GLUXXETRAAmundi Global Luxury UCITS ETF EUR Acc | 0.35% | 379.1M |
Assets are shown in each fund's own reporting currency.
How to invest in LUXU 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 LUXU and buy
Find the fund by its ticker, LUXU, on the London Stock Exchange ETF segment, and place your order.
Why invest in LUXU from India
What LUXU holds
The Amundi Global Luxury UCITS ETF USD Acc is designed to closely mirror the performance of the S&P Global Luxury Index Net TR, its benchmark, whether the market is trending upwards or downwards. A key goal is to minimize the deviation between the Sub-Fund's net asset value and the Index's returns.
Outside US estate tax
LUXU 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 LUXU'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
LUXU 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 LUXU's UCITS structure matters for Indian investors
LUXU 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 LUXU from India?
Yes. Indian residents can buy Amundi Global Luxury UCITS ETF (LUXU) 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 LUXU invest in?
Amundi Global Luxury UCITS ETF holds 31 securities. Its largest holdings are CIE FINANCIERE RICHEMO-A REG (7.5%), LVMH MOET HENNESSY LOUIS VUI (7.3%) and HERMES INTERNATIONAL (7.1%). Consumer Cyclical is its largest sector at 85.2%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LUXU?
Amundi Global Luxury UCITS ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about $431.1M.
Is LUXU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Global Luxury 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 LUXU pay dividends?
No. Amundi Global Luxury 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 LUXU?
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.