XETRA · UCITS ETF
Invest in LYP2 ETF from India
Indian and foreign residents can buy Amundi Core S&P 500 Swap UCITS ETF (LYP2) units directly through Paasa.
By Paasa · Updated
LYP2 at a glance
- Price
- €360.56-€0.73 (0.20%)
- Expense ratio
- 0.07%
- Day range
- €360.56 – €363.82
- Assets
- €29.2B
- Domicile
- Luxembourg
- Holdings
- 475
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -3.84%
- 6 months
- +1.10%
- YTD
- +7.52%
- 1 year
- +10.46%
- 5 years
- +43.32%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON.COM INC7.4%
- 2NVIDIA CORP6.6%
- 3MICROSOFT CORP6.1%
- 4ALPHABET INC CL A5.2%
- 5MICRON TECHNOLOGY INC4.0%
- 6TESLA INC3.0%
- 7BROADCOM INC2.6%
- 8JOHNSON & JOHNSON1.9%
- 9CATERPILLAR INC1.8%
- 10EXXONMOBIL HOLDINGS CORP1.8%
LYP2 holds 475 securities in total. These 10 are 40.5% of the fund.
Where the money is invested
Sectors
- Technology40.5%
- Financial Services11.2%
- Communication Services9.9%
- Healthcare9.3%
- Consumer Cyclical8.7%
- Industrials7.5%
Countries
- United States99.5%
- Switzerland0.3%
- China0.1%
- Mexico0.1%
- Ireland0.0%
- United Kingdom0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| I500AMSiShares S&P 500 Swap UCITS ETF | 0.05% | 14.2B |
| SP5CLSEAmundi Core S&P 500 Swap UCITS ETF Acc | 0.05% | 32.6B |
| LSPULSEAmundi Core S&P 500 Swap UCITS ETF USD Dist | 0.05% | 32.6B |
| XSPULSEXtrackers S&P 500 Swap UCITS ETF 1C | 0.15% | 8.0B |
| XSXDLSEXtrackers S&P 500 Swap UCITS ETF 1D | 0.07% | 8.0B |
Assets are shown in each fund's own reporting currency.
How to invest in LYP2 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 LYP2 and buy
Find the fund by its ticker, LYP2, on XETRA, and place your order.
Why invest in LYP2 from India
What LYP2 holds
This Amundi Core ETF strives to closely mirror the performance of the S&P 500 Daily Hedged Euro Index Net TR (the Index), achieving the highest possible fidelity regardless of market direction. It also aims to significantly reduce any divergence between the Sub-Fund's net asset value and the Index's returns.
Outside US estate tax
LYP2 is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 LYP2's UCITS structure matters for Indian investors
LYP2 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 LYP2 from India?
Yes. Indian residents can buy Amundi Core S&P 500 Swap UCITS ETF (LYP2) 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 LYP2 invest in?
Amundi Core S&P 500 Swap UCITS ETF holds 475 securities. Its largest holdings are AMAZON.COM INC (7.4%), NVIDIA CORP (6.6%) and MICROSOFT CORP (6.1%). Technology is its largest sector at 40.5%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of LYP2?
Amundi Core S&P 500 Swap UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about €29.2B.
Is LYP2 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core S&P 500 Swap 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.
How are LYP2 dividends taxed in India?
Amundi Core S&P 500 Swap UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell LYP2?
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.