XETRA · ETF
Invest in LYP2 ETF from India
Indian and foreign residents can buy Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily D (LYP2) units directly through Paasa.
By Paasa · Updated
LYP2 at a glance
- Price
- €371.50+€2.39 (0.65%)
- Expense ratio
- 0.07%
- Day range
- €370.51 – €372.27
- Assets
- €29.6B
- Domicile
- Luxembourg
- Holdings
- 475
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- +0.59%
- 6 months
- +16.13%
- YTD
- +10.78%
- 1 year
- +14.24%
- 5 years
- +55.30%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INCAAPL8.9%
- 2MICROSOFT CORPMSFT7.0%
- 3AMAZON.COM INCAMZN6.4%
- 4NVIDIA CORPNVDA5.0%
- 5TESLA INCTSLA3.8%
- 6ALPHABET INC CL AGOOGL2.9%
- 7MICRON TECHNOLOGY INCMU2.7%
- 8ADVANCED MICRO DEVICESAMD1.8%
- 9EXXONMOBIL HOLDINGS CORPXOM1.6%
- 10JPMORGAN CHASE & COJPM1.6%
LYP2 holds 475 securities in total. These 10 are 41.7% of the fund.
Where the money is invested
Sectors
- Technology38.7%
- Financial Services12.1%
- Communication Services9.5%
- Consumer Cyclical9.3%
- Healthcare9.3%
- Industrials7.8%
Countries
- United States94.3%
- United Kingdom1.2%
- Switzerland1.1%
- France0.9%
- Ireland0.8%
- Sweden0.5%
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.
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.
Frequently asked questions
Can I buy LYP2 from India?
Yes. Indian residents can buy Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily D (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?
Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily D holds 475 securities. Its largest holdings are APPLE INC (8.9%), MICROSOFT CORP (7.0%) and AMAZON.COM INC (6.4%). Technology is its largest sector at 38.7%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of LYP2?
Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily D has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about €29.6B.
How are LYP2 dividends taxed in India?
Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily D 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.