London Stock Exchange ETF segment · UCITS ETF
Invest in MTIX ETF from India
Indian and foreign residents can buy Amundi Euro Government Inflation-Linked Bond UCITS ETF (MTIX) units directly through Paasa.
By Paasa · Updated
MTIX at a glance
- Price
- £141.82-£0.17 (0.12%)
- Expense ratio
- 0.09%
- Day range
- £141.82 – £142.02
- Assets
- £1.2B
- Domicile
- Luxembourg
- Holdings
- 39
- Launched
- 2017
- Dividends
- Accumulating
- 1 month
- -2.76%
- 6 months
- -3.12%
- YTD
- -2.43%
- 1 year
- -2.24%
- 5 years
- -2.84%
Price change, excluding dividends.
Top 10 holdings
- 1FRENCH REPUBL OAT IE 0.1% 01Mar294.9%
- 2GERMANY 0.5% 15Apr304.8%
- 3FRANCE OAT 3.15% 25Jul324.6%
- 4KINGDOM OF SP IE 0.7% 30Nov334.4%
- 5SPAIN (KINGDO 1% 30Nov304.4%
- 6FRANCE OAT 1.8% 25Jul404.0%
- 7SPAIN (KINGDO 0.65% 30Nov273.8%
- 8ITALIAN REPUB BTPS 2.55% 15Sep413.7%
- 9FRANCE OAT 0.7% 25Jul303.7%
- 10REPUBLIC OF I BTPS IE 0.1% 15May333.5%
MTIX holds 39 securities in total. These 10 are 41.8% of the fund.
Where the money is invested
Countries
- France40.9%
- Italy33.9%
- Spain16.0%
- Germany9.2%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| E15HXETRAAmundi Euro Government Inflation-Linked Bond UCITS ETF Dist | 0.09% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in MTIX 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 MTIX and buy
Find the fund by its ticker, MTIX, on the London Stock Exchange ETF segment, and place your order.
Why invest in MTIX from India
What MTIX holds
The Amundi Core Euro Government Inflation-Linked Bond (DR) UCITS ETF - Acc is an exchange-traded fund, adhering to UCITS regulations, that seeks to replicate the returns of the Bloomberg Barclays Euro Government Inflation-Linked Bond Index. This index focuses on inflation-linked bonds, denominated in euros, issued by countries in the eurozone.
Outside US estate tax
MTIX is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from MTIX's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 MTIX's UCITS structure matters for Indian investors
MTIX 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 MTIX from India?
Yes. Indian residents can buy Amundi Euro Government Inflation-Linked Bond UCITS ETF (MTIX) 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 MTIX invest in?
Amundi Euro Government Inflation-Linked Bond UCITS ETF holds 39 securities. Its largest holdings are FRENCH REPUBL OAT IE 0.1% 01Mar29 (4.9%), GERMANY 0.5% 15Apr30 (4.8%) and FRANCE OAT 3.15% 25Jul32 (4.6%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of MTIX?
Amundi Euro Government Inflation-Linked Bond UCITS ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about £1.2B.
Is MTIX a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Euro Government Inflation-Linked Bond 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.
Does MTIX pay dividends?
No. Amundi Euro Government Inflation-Linked Bond UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell MTIX?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.