London Stock Exchange ETF segment · UCITS ETF
Invest in MFDD ETF from India
Indian and foreign residents can buy Amundi MSCI EMU ESG Broad Transition UCITS ETF (MFDD) units directly through Paasa.
By Paasa · Updated
MFDD at a glance
- Price
- £215.85+£0.30 (0.14%)
- Expense ratio
- 0.12%
- Day range
- £215.85 – £216.35
- Assets
- £1.2B
- Domicile
- Luxembourg
- Holdings
- 209
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -1.98%
- 6 months
- +15.40%
- YTD
- +9.28%
- 1 year
- +12.55%
- 5 years
- +46.83%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV9.0%
- 2SIEMENS AG-REG2.9%
- 3BANCO SANTANDER SA MADRID2.9%
- 4SCHNEIDER ELECT SE2.9%
- 5SAP SE / XETRA2.9%
- 6ALLIANZ SE-REG2.7%
- 7IBERDROLA SA2.2%
- 8BANCO BILBAO VIZCAYA ARGENTA2.2%
- 9UNICREDIT SPA1.8%
- 10BNP PARIBAS1.6%
MFDD holds 209 securities in total. These 10 are 31.3% of the fund.
Where the money is invested
Sectors
- Financial Services28.3%
- Industrials20.1%
- Technology16.8%
- Consumer Cyclical6.8%
- Utilities6.7%
- Healthcare6.3%
Countries
- France23.5%
- Germany22.9%
- Netherlands17.7%
- Spain11.3%
- Italy9.8%
- Finland4.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| LGQGXETRAAmundi MSCI EMU ESG Broad Transition UCITS ETF Acc | 0.12% | 1.4B |
Assets are shown in each fund's own reporting currency.
How to invest in MFDD 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 GBP when you buy.
Step 3
Search MFDD and buy
Find the fund by its ticker, MFDD, on the London Stock Exchange ETF segment, and place your order.
Why invest in MFDD from India
What MFDD holds
The Amundi MSCI EMU ESG Broad Transition UCITS ETF DIST endeavors to closely match the returns of the MSCI EMU ESG Broad CTB Select Net Total Return Index, referred to as "the Index," irrespective of market direction. A primary goal is to minimize any divergence between the Sub-Fund's net asset value and the Index's performance.
Outside US estate tax
MFDD 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 MFDD's UCITS structure matters for Indian investors
MFDD 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 MFDD from India?
Yes. Indian residents can buy Amundi MSCI EMU ESG Broad Transition UCITS ETF (MFDD) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 MFDD invest in?
Amundi MSCI EMU ESG Broad Transition UCITS ETF holds 209 securities. Its largest holdings are ASML HOLDING NV (9.0%), SIEMENS AG-REG (2.9%) and BANCO SANTANDER SA MADRID (2.9%). Financial Services is its largest sector at 28.3%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of MFDD?
Amundi MSCI EMU ESG Broad Transition UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.2B.
Is MFDD a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI EMU ESG Broad Transition 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 MFDD dividends taxed in India?
Amundi MSCI EMU ESG Broad Transition 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 MFDD?
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 GBP/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.