London Stock Exchange ETF segment · UCITS ETF
Invest in MTXX ETF from India
Indian and foreign residents can buy Amundi Core Euro Government Bond UCITS ETF (MTXX) units directly through Paasa.
By Paasa · Updated
MTXX at a glance
- Price
- £40.98-£0.02 (0.04%)
- Expense ratio
- 0.09%
- Day range
- £40.97 – £41.10
- Assets
- £1.5B
- Domicile
- Luxembourg
- Holdings
- 412
- Launched
- 2016
- Dividends
- Accumulating
- 1 month
- -2.35%
- 6 months
- -3.14%
- YTD
- -5.11%
- 1 year
- -4.91%
- 5 years
- -75.22%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE OAT 2.5% 25May300.9%
- 2FRANCE OAT 0.75% 25May280.8%
- 3FRANCE OAT 1.5% 25May310.8%
- 4FRENCH REPUBL OAT 2.75% 25Feb290.8%
- 5FRANCE OAT 2.75% 25Oct270.8%
- 6FRENCH REPUBL OAT 3.5% 25Nov330.8%
- 7FRENCH REPUBL OAT 2.75% 25Feb300.8%
- 8FRENCH REPUBL OAT 0.75% 25Nov280.8%
- 9FRENCH REPUBL OAT 2.7% 25Feb310.7%
- 10FRENCH REPUBL OAT 3.5% 25Nov350.7%
MTXX holds 412 securities in total. These 10 are 8.0% of the fund.
Where the money is invested
Countries
- France25.1%
- Italy22.2%
- Germany20.0%
- Spain14.5%
- Belgium5.1%
- Netherlands4.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| PRARXETRAAmundi Prime Euro Government Bond UCITS ETF Acc | 0.05% | 2.1B |
| 10ALXETRAAmundi Core Euro Government Bond UCITS ETF Dist | 0.09% | 1.7B |
| PRIRLSEAmundi Prime Euro Government Bond UCITS ETF Dist | 0.05% | 1.8B |
| EIBBXETRAInvesco Euro Government Bond UCITS ETF EUR | 0.07% | 24.5M |
Assets are shown in each fund's own reporting currency.
How to invest in MTXX 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 MTXX and buy
Find the fund by its ticker, MTXX, on the London Stock Exchange ETF segment, and place your order.
Why invest in MTXX from India
What MTXX holds
The Amundi Core Euro Government Bond UCITS ETF is structured to precisely mirror the investment performance of the Bloomberg Euro Treasury 50bn Bond Index (the Index), reflecting its movements through both rising and falling market conditions. A core objective is to minimize any variance, commonly known as 'tracking error,' between the Sub-Fund's net asset value and the Index's returns.
Outside US estate tax
MTXX 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 MTXX'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 MTXX's UCITS structure matters for Indian investors
MTXX 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 MTXX from India?
Yes. Indian residents can buy Amundi Core Euro Government Bond UCITS ETF (MTXX) 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 MTXX invest in?
Amundi Core Euro Government Bond UCITS ETF holds 412 securities. Its largest holdings are FRANCE OAT 2.5% 25May30 (0.9%), FRANCE OAT 0.75% 25May28 (0.8%) and FRANCE OAT 1.5% 25May31 (0.8%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of MTXX?
Amundi Core Euro Government 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 £1.5B.
Is MTXX a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core Euro Government 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 MTXX pay dividends?
No. Amundi Core Euro Government 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 MTXX?
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.