XETRA · UCITS ETF
Invest in LYBK ETF from India
Indian and foreign residents can buy Amundi Euro Stoxx Banks UCITS ETF (LYBK) units directly through Paasa.
By Paasa · Updated
LYBK at a glance
- Price
- €378.25-€15.10 (3.84%)
- Expense ratio
- 0.3%
- Day range
- €377.60 – €389.35
- Assets
- €6.6B
- Domicile
- Luxembourg
- Holdings
- 31
- Launched
- 2018
- Dividends
- Accumulating
- 1 month
- -4.77%
- 6 months
- +23.49%
- YTD
- +17.00%
- 1 year
- +32.65%
- 5 years
- +296.41%
Price change, excluding dividends.
Top 10 holdings
- 1BANCO SANTANDER SA MADRID14.0%
- 2BANCO BILBAO VIZCAYA ARGENTA10.4%
- 3UNICREDIT SPA9.4%
- 4INTESA SANPAOLO7.8%
- 5BNP PARIBAS7.5%
- 6ING GROEP NV6.8%
- 7DEUTSCHE BANK AG NAMEN4.5%
- 8NORDEA BANK ABP4.5%
- 9SOCIETE GENERALE3.9%
- 10CAIXABANK SA3.3%
LYBK holds 31 securities in total. These 10 are 72.2% of the fund.
Where the money is invested
Countries
- Spain30.3%
- Italy23.1%
- France13.3%
- Netherlands8.8%
- Germany5.9%
- Finland4.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| BNKELSEAmundi Euro Stoxx Banks UCITS ETF Acc | 0.3% | 5.6B |
Assets are shown in each fund's own reporting currency.
How to invest in LYBK 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 LYBK and buy
Find the fund by its ticker, LYBK, on XETRA, and place your order.
Why invest in LYBK from India
What LYBK holds
The Amundi EURO STOXX Banks (DR) UCITS ETF - Acc is an exchange-traded fund designed to comply with UCITS regulations, aiming to replicate the performance of its underlying benchmark, the EURO STOXX Banks Net Return EUR index. This benchmark specifically measures the financial returns of banking corporations, as classified by the Industry Classification Benchmark, throughout the Eurozone, encompassing exposure to countries such as Austria, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain.
Outside US estate tax
LYBK 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 LYBK'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 LYBK's UCITS structure matters for Indian investors
LYBK 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 LYBK from India?
Yes. Indian residents can buy Amundi Euro Stoxx Banks UCITS ETF (LYBK) 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 LYBK invest in?
Amundi Euro Stoxx Banks UCITS ETF holds 31 securities. Its largest holdings are BANCO SANTANDER SA MADRID (14.0%), BANCO BILBAO VIZCAYA ARGENTA (10.4%) and UNICREDIT SPA (9.4%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of LYBK?
Amundi Euro Stoxx Banks 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 €6.6B.
Is LYBK a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Euro Stoxx Banks 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 LYBK pay dividends?
No. Amundi Euro Stoxx Banks 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 LYBK?
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.