XETRA · UCITS ETF
Invest in PRAJ ETF from India
Indian and foreign residents can buy Amundi Prime Japan UCITS ETF DR C (PRAJ) units directly through Paasa.
By Paasa · Updated
PRAJ at a glance
- Price
- €38.77+€0.67 (1.76%)
- Expense ratio
- 0.05%
- Day range
- €38.77 – €38.77
- Assets
- €4.5B
- Domicile
- Luxembourg
- Holdings
- 304
- Launched
- 2020
- Dividends
- —
- 1 month
- +3.91%
- 6 months
- +22.30%
- YTD
- +25.47%
- 1 year
- +30.89%
- 5 years
- +62.97%
Price change, excluding dividends.
Top 10 holdings
- 1MITSUBISHI UFJ FINANCIAL GROUP4.4%
- 2TOYOTA MOTOR CORP2.9%
- 3SUMITOMO MITSUI FINANCIAL GROUP2.7%
- 4TOKYO ELECTRON JPY502.6%
- 5ADVANTEST CORP Y502.6%
- 6HITACHI LTD2.6%
- 7SONY GROUP CORP (JT)2.3%
- 8SOFTBANK GROUP CORP2.3%
- 9KIOXIA HOLDINGS CORP2.2%
- 10MIZUHO FINANCIAL GROUP INC2.2%
PRAJ holds 304 securities in total. These 10 are 26.7% of the fund.
Where the money is invested
Countries
- Japan100.0%
How to invest in PRAJ 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 PRAJ and buy
Find the fund by its ticker, PRAJ, on XETRA, and place your order.
Why invest in PRAJ from India
What PRAJ holds
The AMUNDI PRIME JAPAN UCITS ETF DR aims to accurately mirror the total return performance of the Solactive GBS Japan Large & Mid Cap Index, tracking its movements whether positive or negative. This exchange-traded fund provides investors with direct access to a portfolio of prominent and medium-sized Japanese companies.
Outside US estate tax
PRAJ 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 PRAJ's UCITS structure matters for Indian investors
PRAJ 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 PRAJ from India?
Yes. Indian residents can buy Amundi Prime Japan UCITS ETF DR C (PRAJ) 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 PRAJ invest in?
Amundi Prime Japan UCITS ETF DR C holds 304 securities. Its largest holdings are MITSUBISHI UFJ FINANCIAL GROUP (4.4%), TOYOTA MOTOR CORP (2.9%) and SUMITOMO MITSUI FINANCIAL GROUP (2.7%). The fund is domiciled in Luxembourg.
What is the expense ratio of PRAJ?
Amundi Prime Japan 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 €4.5B.
Is PRAJ a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Prime Japan 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 PRAJ?
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.