XETRA · UCITS ETF
Invest in PRAC ETF from India
Indian and foreign residents can buy Amundi Core Corporate Bond UCITS ETF (PRAC) units directly through Paasa.
By Paasa · Updated
PRAC at a glance
- Price
- €19.87+€0.05 (0.27%)
- Expense ratio
- 0.07%
- Day range
- €19.84 – €19.87
- Assets
- €2.4B
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2020
- Dividends
- Accumulating
- 1 month
- -1.28%
- 6 months
- -0.19%
- YTD
- -1.28%
- 1 year
- -1.08%
- 5 years
- -2.49%
Price change, excluding dividends.
Top 10 holdings
- 1AB INBEV SA/N 2% Mar28 EMTN0.1%
- 2JPMORGAN CHAS VAR Mar30 EMTN0.1%
- 3AMAZON.COM IN 3.7% Mar350.1%
- 4VERIZON COMM VAR Jun560.1%
- 5AB INBEV SA/N 2.75% Mar36 EMTN0.1%
- 6UBS GROUP VAR Mar290.1%
- 7AMAZON.COM IN 4.05% Mar390.1%
- 8BANCO SANTAND 4.875% Oct31 EMTN0.1%
- 9AMAZON.COM IN 3.35% Mar320.1%
- 10JPMORGAN CHAS VAR Nov31 EMTN0.1%
These 10 are 0.8% of the fund.
Where the money is invested
Countries
- France19.0%
- United States17.0%
- Netherlands14.2%
- Germany8.5%
- United Kingdom8.2%
- Spain5.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| VDPALSEVanguard USD Corporate Bond UCITS ETF (USD) Accumulating | 0.07% | 4.7B |
| GIGLAMEXGoldman Sachs Corporate Bond ETF | 0.3% | 231.8M |
| FCORAMEXFidelity Corporate Bond ETF | 0.36% | 352.6M |
| VECPLSEVanguard EUR Corporate Bond UCITS ETF (EUR) Distributing | 0.07% | 5.2B |
| IGCBLSEInvesco GBP Corporate Bond UCITS ETF | 0.1% | 345.4M |
Assets are shown in each fund's own reporting currency.
How to invest in PRAC 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 PRAC and buy
Find the fund by its ticker, PRAC, on XETRA, and place your order.
Why invest in PRAC from India
What PRAC holds
The Amundi Core EUR Corporate Bond UCITS ETF is structured to closely emulate the performance of the Bloomberg Euro Corporate Bond Index, striving for precision whether market trends are upward or downward. A core aim of the fund is to minimize any divergence between its net asset value and the index's performance.
Outside US estate tax
PRAC 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 PRAC'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 PRAC's UCITS structure matters for Indian investors
PRAC 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 PRAC from India?
Yes. Indian residents can buy Amundi Core Corporate Bond UCITS ETF (PRAC) 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 PRAC invest in?
Its largest holdings are AB INBEV SA/N 2% Mar28 EMTN (0.1%), JPMORGAN CHAS VAR Mar30 EMTN (0.1%) and AMAZON.COM IN 3.7% Mar35 (0.1%). It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of PRAC?
Amundi Core Corporate Bond UCITS ETF has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about €2.4B.
Is PRAC a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core Corporate 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 PRAC pay dividends?
No. Amundi Core Corporate 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 PRAC?
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.