XETRA · UCITS ETF
Invest in MJMT ETF from India
Indian and foreign residents can buy Amundi MSCI Europe Momentum Factor UCITS ETF - C (MJMT) units directly through Paasa.
By Paasa · Updated
MJMT at a glance
- Price
- €150.76-€0.08 (0.05%)
- Expense ratio
- 0.23%
- Day range
- €150.76 – €151.88
- Assets
- €131.3M
- Domicile
- Luxembourg
- Holdings
- 55
- Launched
- 2018
- Dividends
- —
- 1 month
- -0.20%
- 6 months
- +12.83%
- YTD
- +8.96%
- 1 year
- +15.00%
- 5 years
- +71.79%
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORP9.2%
- 2APPLE INC9.1%
- 3NVIDIA CORP7.4%
- 4AMGEN INC6.5%
- 5INTEL CORP5.6%
- 6WESTERN DIGITAL CORPORATION4.5%
- 7BLACKROCK INC4.5%
- 8NISOURCE INC4.5%
- 9ABBVIE INC4.4%
- 10COCA-COLA CO/THE4.4%
MJMT holds 55 securities in total. These 10 are 60.1% of the fund.
Where the money is invested
Sectors
- Financial Services24.3%
- Healthcare15.8%
- Energy13.0%
- Industrials12.3%
- Utilities10.7%
- Technology10.2%
Countries
- United States99.9%
- Switzerland0.1%
How to invest in MJMT 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 MJMT and buy
Find the fund by its ticker, MJMT, on XETRA, and place your order.
Why invest in MJMT from India
What MJMT holds
The AMUNDI MSCI EUROPE MOMENTUM FACTOR UCITS ETF aims to closely mirror the returns of the MSCI Europe Momentum Index, regardless of whether market trends are upward or downward. This ETF offers investors a straightforward method to track an equity momentum approach that focuses on large and mid-capitalization companies across 15 developed European nations.
Outside US estate tax
MJMT 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 MJMT's UCITS structure matters for Indian investors
MJMT 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 MJMT from India?
Yes. Indian residents can buy Amundi MSCI Europe Momentum Factor UCITS ETF - C (MJMT) 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 MJMT invest in?
Amundi MSCI Europe Momentum Factor UCITS ETF - C holds 55 securities. Its largest holdings are MICROSOFT CORP (9.2%), APPLE INC (9.1%) and NVIDIA CORP (7.4%). Financial Services is its largest sector at 24.3%. The fund is domiciled in Luxembourg.
What is the expense ratio of MJMT?
Amundi MSCI Europe Momentum 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 €131.3M.
Is MJMT a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Europe Momentum 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 MJMT?
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.