London Stock Exchange ETF segment · ETF
Invest in MIBX ETF from India
Indian and foreign residents can buy Amundi FTSE MIB UCITS ETF (MIBX) units directly through Paasa.
By Paasa · Updated
MIBX at a glance
- Price
- £45.03-£0.41 (0.89%)
- Expense ratio
- 0.35%
- Day range
- £45.03 – £45.51
- Assets
- £702.9M
- Domicile
- France
- Holdings
- 42
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -2.49%
- 6 months
- +18.77%
- YTD
- +15.14%
- 1 year
- +18.23%
- 5 years
- +109.43%
Price change, excluding dividends.
Top 10 holdings
- 1UNICREDIT SPA15.1%
- 2INTESA SANPAOLO14.4%
- 3ENEL SPA9.2%
- 4ENI SPA MILAN6.3%
- 5GENERALI MILAN5.8%
- 6FERRARI NV MILAN5.7%
- 7PRYSMIAN SPA5.0%
- 8STMICROELECTRONICS/PARIS4.1%
- 9BANCA MONTE DEI PASCHI SIENA REGR3.3%
- 10BPER BANCA SPA3.0%
MIBX holds 42 securities in total. These 10 are 72.0% of the fund.
Where the money is invested
Countries
- Italy93.6%
- Switzerland4.1%
- Netherlands1.2%
- Luxembourg1.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CMB1LSEiShares FTSE MIB UCITS ETF EUR (Acc) | 0.33% | 364.3M |
| DBXIXETRAXtrackers FTSE MIB UCITS ETF 1D | 0.3% | 99.9M |
| IMIBLSEiShares FTSE MIB UCITS ETF EUR (Dist) | 0.35% | 138.2M |
Assets are shown in each fund's own reporting currency.
How to invest in MIBX 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 MIBX and buy
Find the fund by its ticker, MIBX, on the London Stock Exchange ETF segment, and place your order.
Why invest in MIBX from India
What MIBX holds
The Amundi FTSE MIB UCITS ETF Dist is a UCITS-compliant, exchange-traded fund (ETF) designed to replicate the performance of its underlying benchmark, the FTSE MIB Net Total Return Index. This index stands as the principal barometer for the Italian stock market, encompassing roughly 80% of the nation's total market capitalization.
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 MIBX from India?
Yes. Indian residents can buy Amundi FTSE MIB UCITS ETF (MIBX) 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 MIBX invest in?
Amundi FTSE MIB UCITS ETF holds 42 securities. Its largest holdings are UNICREDIT SPA (15.1%), INTESA SANPAOLO (14.4%) and ENEL SPA (9.2%). It is a distributing fund domiciled in France.
What is the expense ratio of MIBX?
Amundi FTSE MIB 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 £702.9M.
How are MIBX dividends taxed in India?
Amundi FTSE MIB 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 MIBX?
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.