XETRA · UCITS ETF
Invest in PRAZ ETF from India
Indian and foreign residents can buy Amundi Prime Eurozone UCITS ETF DR C (PRAZ) units directly through Paasa.
By Paasa · Updated
PRAZ at a glance
- Price
- €38.63+€0.14 (0.36%)
- Expense ratio
- 0.05%
- Day range
- €38.61 – €38.88
- Assets
- €1.1B
- Domicile
- Luxembourg
- Holdings
- 200
- Launched
- 2020
- Dividends
- —
- 1 month
- -1.95%
- 6 months
- +13.62%
- YTD
- +12.04%
- 1 year
- +19.82%
- 5 years
- +66.65%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NVASML.AS9.1%
- 2SIEMENS AG-REGSIE.DE3.1%
- 3SAP SE / XETRASAP.DE3.0%
- 4BANCO SANTANDER SA MADRIDSAN.MC2.9%
- 5TOTALENERGIES SE PARISTTE.PA2.6%
- 6SCHNEIDER ELECT SESU.PA2.5%
- 7ALLIANZ SE-REGALV.DE2.5%
- 8BANCO BILBAO VIZCAYA ARGENTABBVA.MC2.2%
- 9IBERDROLA SAIBE.MC2.0%
- 10SAFRAN SASAF.PA1.8%
PRAZ holds 200 securities in total. These 10 are 31.8% of the fund.
Where the money is invested
Sectors
- Financial Services27.3%
- Industrials17.8%
- Technology15.7%
- Consumer Cyclical7.2%
- Utilities6.3%
- Healthcare5.9%
Countries
- Germany25.6%
- France23.7%
- Netherlands18.1%
- Spain10.9%
- Italy10.0%
- Finland3.7%
How to invest in PRAZ 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 PRAZ and buy
Find the fund by its ticker, PRAZ, on XETRA, and place your order.
Why invest in PRAZ from India
What PRAZ holds
The AMUNDI PRIME EUROZONE UCITS ETF DR is designed to precisely track the performance of the Solactive GBS Developed Markets Eurozone Large & Mid Cap Index (Net Total return). Its core objective is to replicate the index's movements as closely as possible, capturing both upward and downward trends in the market.
Outside US estate tax
PRAZ 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 PRAZ's UCITS structure matters for Indian investors
PRAZ 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 PRAZ from India?
Yes. Indian residents can buy Amundi Prime Eurozone UCITS ETF DR C (PRAZ) 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 PRAZ invest in?
Amundi Prime Eurozone UCITS ETF DR C holds 200 securities. Its largest holdings are ASML HOLDING NV (9.1%), SIEMENS AG-REG (3.1%) and SAP SE / XETRA (3.0%). Financial Services is its largest sector at 27.3%. The fund is domiciled in Luxembourg.
What is the expense ratio of PRAZ?
Amundi Prime Eurozone 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 €1.1B.
Is PRAZ a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Prime Eurozone 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 PRAZ?
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.