XETRA · UCITS ETF
Invest in PRAB ETF from India
Indian and foreign residents can buy Amundi Prime Euro Government Bond 0-1Y UCITS ETF (PRAB) units directly through Paasa.
By Paasa · Updated
PRAB at a glance
- Price
- €21.76-€0.01 (0.04%)
- Expense ratio
- 0.05%
- Day range
- €21.76 – €21.77
- Assets
- €771.2M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2020
- Dividends
- Accumulating
- 1 month
- +0.09%
- 6 months
- +1.07%
- YTD
- +1.45%
- 1 year
- +1.92%
- 5 years
- +9.35%
Price change, excluding dividends.
Top 10 holdings
- 1FRANCE OAT 1% 25May273.2%
- 2FRANCE OAT 0.25% 25Nov263.0%
- 3FRENCH REPUBL OAT 0% 25Feb273.0%
- 4GERMANY BRD 0.5% 15Aug272.6%
- 5GERMANY BRD 0.25% 15Feb272.5%
- 6SPAIN (KINGDO 1.3% 31Oct262.4%
- 7SPAIN (KINGDO 1.5% 30Apr272.1%
- 8FEDERAL REPUB BOBL 0% 09Oct262.0%
- 9KINGDOM OF SP 2.5% 31May272.0%
- 10KINGDOM OF SP 0.8% 30Jul271.9%
These 10 are 24.5% of the fund.
Where the money is invested
Countries
- Italy23.5%
- France22.8%
- Germany20.8%
- Spain16.4%
- Belgium4.9%
- Austria3.9%
How to invest in PRAB 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 PRAB and buy
Find the fund by its ticker, PRAB, on XETRA, and place your order.
Why invest in PRAB from India
What PRAB holds
To track the performance of Solactive Eurozone Government Bond 0-1 Year 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
PRAB 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 PRAB'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 PRAB's UCITS structure matters for Indian investors
PRAB 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 PRAB from India?
Yes. Indian residents can buy Amundi Prime Euro Government Bond 0-1Y UCITS ETF (PRAB) 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 PRAB invest in?
Its largest holdings are FRANCE OAT 1% 25May27 (3.2%), FRANCE OAT 0.25% 25Nov26 (3.0%) and FRENCH REPUBL OAT 0% 25Feb27 (3.0%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of PRAB?
Amundi Prime Euro Government Bond 0-1Y UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about €771.2M.
Is PRAB a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Prime Euro Government Bond 0-1Y 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 PRAB pay dividends?
No. Amundi Prime Euro Government Bond 0-1Y 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 PRAB?
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 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.