XETRA · UCITS ETF
Invest in PRAP ETF from India
Indian and foreign residents can buy Amundi Core Corporate Bond UCITS ETF (PRAP) units directly through Paasa.
By Paasa · Updated
PRAP at a glance
- Price
- €18.22-€0.03 (0.17%)
- Expense ratio
- 0.07%
- Day range
- €18.22 – €18.32
- Assets
- €141.0M
- Domicile
- Luxembourg
- Holdings
- 2,732
- Launched
- 2020
- Dividends
- Accumulating
- 1 month
- -1.55%
- 6 months
- -2.60%
- YTD
- -1.07%
- 1 year
- -0.75%
- 5 years
- -1.60%
Price change, excluding dividends.
Top 10 holdings
- 1CASH0.8%
- 2SPACE EXPLORA 5.35% Jul310.2%
- 3WACHOVIA BANK 6.6% Jan380.2%
- 4CVS HEALTH CO 5.05% Mar480.2%
- 5CITIBANK NA 5.57% Apr340.2%
- 6CITIBANK NA 4.914% May300.2%
- 7AMAZON.COM IN 4.25% Mar310.2%
- 8ANHEUSER BUSCH 4.9% 01/02/20460.2%
- 9CITIBANK NA VAR Jun320.2%
- 10UBS AG STAMFO VAR Aug320.2%
PRAP holds 2,732 securities in total. These 10 are 2.3% of the fund.
Where the money is invested
Sectors
- Corporate99.9%
- Securitized0.1%
Countries
- United States88.2%
- United Kingdom3.7%
- Canada2.3%
- Japan1.9%
- Australia0.7%
- Spain0.7%
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% | 345.6M |
Assets are shown in each fund's own reporting currency.
How to invest in PRAP 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 PRAP and buy
Find the fund by its ticker, PRAP, on XETRA, and place your order.
Why invest in PRAP from India
What PRAP holds
The Amundi Core USD Corporate Bond UCITS ETF endeavors to faithfully replicate the performance of the Bloomberg US Corporate Liquid Issuer Index (the Index) across all market conditions, aiming to minimize the difference between the Sub-Fund's net asset value and the Index's returns. The expected level of this tracking error, under typical market environments, is specified in the Sub-Fund's prospectus.
Outside US estate tax
PRAP 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 PRAP'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 PRAP's UCITS structure matters for Indian investors
PRAP 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 PRAP from India?
Yes. Indian residents can buy Amundi Core Corporate Bond UCITS ETF (PRAP) 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 PRAP invest in?
Amundi Core Corporate Bond UCITS ETF holds 2,732 securities. Its largest holdings are CASH (0.8%), SPACE EXPLORA 5.35% Jul31 (0.2%) and WACHOVIA BANK 6.6% Jan38 (0.2%). Securitized is its largest sector at 0.1%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of PRAP?
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 €141.0M.
Is PRAP 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 PRAP 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 PRAP?
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.