XETRA · UCITS ETF
Invest in PRAG ETF from India
Indian and foreign residents can buy Amundi Prime Global Government Bond UCITS ETF (PRAG) units directly through Paasa.
By Paasa · Updated
PRAG at a glance
- Price
- €17.01+€0.00 (0.00%)
- Expense ratio
- 0.05%
- Day range
- €17.00 – €17.03
- Assets
- €179.0M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2020
- Dividends
- Accumulating
- 1 month
- -0.72%
- 6 months
- -0.83%
- YTD
- -0.89%
- 1 year
- -1.12%
- 5 years
- -14.58%
Price change, excluding dividends.
Top 10 holdings
- 1THE UNITED ST TSY 4.25% 15May350.4%
- 2THE UNITED ST TSY 4.375% 15May360.4%
- 3THE UNITED ST TSY 3.5% 31Jan280.4%
- 4THE UNITED ST TSY 4.375% 15May340.4%
- 5THE UNITED ST TSY 4% 15Feb340.4%
- 6THE UNITED ST TSY 4.625% 15Feb350.4%
- 7THE UNITED ST TSY 4.25% 15Nov340.4%
- 8THE UNITED ST TSY 4.25% 15Aug350.4%
- 9THE UNITED ST TSY 4% 15Nov350.4%
- 10THE UNITED ST TSY 4.125% 15Feb360.4%
These 10 are 4.1% of the fund.
Where the money is invested
Sectors
- Technology86.2%
- Healthcare7.7%
- Communication Services3.5%
- Financial Services2.6%
Countries
- United States50.0%
- Japan10.6%
- France7.7%
- Italy6.7%
- Germany6.1%
- United Kingdom6.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GOVGLSEAmundi Core Global Government Bond UCITS ETF GBP Hedged Dist | 0.15% | 3.7B |
| 10AKXETRAAmundi Core Global Government Bond UCITS ETF Dist | 0.2% | 4.3B |
| GOUDLSEAmundi Global Government Bond UCITS ETF Dist | 0.09% | 121.1M |
Assets are shown in each fund's own reporting currency.
How to invest in PRAG 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 PRAG and buy
Find the fund by its ticker, PRAG, on XETRA, and place your order.
Why invest in PRAG from India
What PRAG holds
This investment fund is designed to closely match the returns generated by the Solactive Global Developed Government Bond Index.
Outside US estate tax
PRAG 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 PRAG'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 PRAG's UCITS structure matters for Indian investors
PRAG 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 PRAG from India?
Yes. Indian residents can buy Amundi Prime Global Government Bond UCITS ETF (PRAG) 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 PRAG invest in?
Its largest holdings are THE UNITED ST TSY 4.25% 15May35 (0.4%), THE UNITED ST TSY 4.375% 15May36 (0.4%) and THE UNITED ST TSY 3.5% 31Jan28 (0.4%). Technology is its largest sector at 86.2%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of PRAG?
Amundi Prime Global Government Bond 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 €179.0M.
Is PRAG a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Prime Global 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 PRAG pay dividends?
No. Amundi Prime Global 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 PRAG?
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.