XETRA · UCITS ETF
Invest in PRAE ETF from India
Indian and foreign residents can buy Amundi Prime Europe UCITS ETF DR C (PRAE) units directly through Paasa.
By Paasa · Updated
PRAE at a glance
- Price
- €36.28-€0.14 (0.38%)
- Expense ratio
- 0.05%
- Day range
- €36.24 – €36.70
- Assets
- €678.4M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2020
- Dividends
- —
- 1 month
- -2.99%
- 6 months
- +11.73%
- YTD
- +10.34%
- 1 year
- +17.68%
- 5 years
- +63.20%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV4.9%
- 2HSBC HOLDINGS PLC2.5%
- 3ROCHE HOLDING AG - GENUSSS CHF2.2%
- 4SHELL PLC GBP2.0%
- 5NOVARTIS AG-REG1.9%
- 6ASTRAZENECA GBP1.8%
- 7NESTLE SA-REG1.8%
- 8SIEMENS AG-REG1.7%
- 9SAP SE / XETRA1.6%
- 10BANCO SANTANDER SA MADRID1.5%
These 10 are 21.9% of the fund.
Where the money is invested
Sectors
- Financial Services25.9%
- Industrials18.8%
- Healthcare13.1%
- Technology9.1%
- Consumer Defensive8.1%
- Consumer Cyclical6.3%
Countries
- United Kingdom20.9%
- Switzerland14.2%
- Germany13.5%
- France12.3%
- Netherlands9.6%
- Sweden6.1%
How to invest in PRAE 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 PRAE and buy
Find the fund by its ticker, PRAE, on XETRA, and place your order.
Why invest in PRAE from India
What PRAE holds
The AMUNDI PRIME EUROPE UCITS ETF DR strives to accurately track the returns of the Solactive GBS Developed Markets Europe Large & Mid Cap EUR Index (Net Total return), regardless of its upward or downward movement. This exchange-traded fund provides investors with exposure to a portfolio of major and medium-sized companies situated across fifteen European nations.
Outside US estate tax
PRAE 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 PRAE's UCITS structure matters for Indian investors
PRAE 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 PRAE from India?
Yes. Indian residents can buy Amundi Prime Europe UCITS ETF DR C (PRAE) 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 PRAE invest in?
Its largest holdings are ASML HOLDING NV (4.9%), HSBC HOLDINGS PLC (2.5%) and ROCHE HOLDING AG - GENUSSS CHF (2.2%). Financial Services is its largest sector at 25.9%. The fund is domiciled in Luxembourg.
What is the expense ratio of PRAE?
Amundi Prime Europe UCITS ETF DR C has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about €678.4M.
Is PRAE a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Prime Europe UCITS ETF DR 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 PRAE?
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.