London Stock Exchange ETF segment · UCITS ETF
Invest in MIVO ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Amundi MSCI Europe Minimum Volatility Factor UCITS ETF-C (MIVO) units directly through Paasa.
By Paasa · Updated
MIVO at a glance
- Price
- £139.92-£2.09 (1.47%)
- Expense ratio
- 0.23%
- Day range
- £139.92 – £139.92
- Assets
- £68.6M
- Domicile
- Luxembourg
- Holdings
- 42
- Launched
- 2018
- Dividends
- —
- 1 month
- -3.48%
- 6 months
- -1.15%
- YTD
- +3.38%
- 1 year
- +6.31%
- 5 years
- +38.93%
Price change, excluding dividends.
Top 10 holdings
- 1TOTALENERGIES SE PARIS8.3%
- 2SOCIETE GENERALE7.5%
- 3ORANGE6.4%
- 4ELI LILLY & CO4.6%
- 5SANOFI - PARIS4.6%
- 6NVIDIA CORP4.6%
- 7DTE ENERGY COMPANY4.6%
- 8BROADCOM INC4.5%
- 9WESTERN DIGITAL CORPORATION4.5%
- 10BLACKROCK INC4.5%
MIVO holds 42 securities in total. These 10 are 54.0% of the fund.
Where the money is invested
Sectors
- Financial Services18.2%
- Industrials16.0%
- Consumer Defensive13.8%
- Healthcare12.7%
- Utilities9.7%
- Energy9.6%
Countries
- United States61.9%
- France33.6%
- Switzerland4.4%
How to invest in MIVO 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 MIVO and buy
Find the fund by its ticker, MIVO, on the London Stock Exchange ETF segment, and place your order.
Why invest in MIVO from India
What MIVO holds
To track the performance of MSCI Europe Minimum Volatility Index (the Index), and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index.
Outside US estate tax
MIVO 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 MIVO's UCITS structure matters for Indian investors
MIVO 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 MIVO from India?
Yes. Indian residents can buy Amundi Index Solutions - Amundi MSCI Europe Minimum Volatility Factor UCITS ETF-C (MIVO) 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 MIVO invest in?
Amundi Index Solutions - Amundi MSCI Europe Minimum Volatility Factor UCITS ETF-C holds 42 securities. Its largest holdings are TOTALENERGIES SE PARIS (8.3%), SOCIETE GENERALE (7.5%) and ORANGE (6.4%). Financial Services is its largest sector at 18.2%. The fund is domiciled in Luxembourg.
What is the expense ratio of MIVO?
Amundi Index Solutions - Amundi MSCI Europe Minimum Volatility Factor UCITS ETF-C has an expense ratio of 0.23% a year, taken from the fund's assets rather than billed to you. The fund manages about £68.6M.
Is MIVO a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Amundi MSCI Europe Minimum Volatility Factor UCITS ETF-C 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.
What tax do I pay in India when I sell MIVO?
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.