London Stock Exchange ETF segment · UCITS ETF
Invest in PRIC ETF from India
Indian and foreign residents can buy Amundi Core Corporate Bond -UCITS ETF DR- Distribution (PRIC) units directly through Paasa.
By Paasa · Updated
PRIC at a glance
- Price
- £15.87+£0.02 (0.10%)
- Expense ratio
- 0.07%
- Day range
- £15.86 – £15.87
- Assets
- £2.1B
- Domicile
- Luxembourg
- Holdings
- 3,898
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -1.55%
- 6 months
- -1.24%
- YTD
- -3.26%
- 1 year
- -5.26%
- 5 years
- -11.90%
Price change, excluding dividends.
Top 10 holdings
- 1AB INBEV SA/N 2% Mar28 EMTN0.1%
- 2JPMORGAN CHAS VAR Mar30 EMTN0.1%
- 3AMAZON.COM IN 3.7% Mar350.1%
- 4VERIZON COMM VAR Jun560.1%
- 5AB INBEV SA/N 2.75% Mar36 EMTN0.1%
- 6AMAZON.COM IN 4.05% Mar390.1%
- 7UBS GROUP VAR Mar290.1%
- 8BANCO SANTAND 4.875% Oct31 EMTN0.1%
- 9AMAZON.COM IN 3.35% Mar320.1%
- 10JPMORGAN CHAS VAR Nov31 EMTN0.1%
PRIC holds 3,898 securities in total. These 10 are 0.8% of the fund.
Where the money is invested
Sectors
- Corporate99.8%
- Securitized0.2%
Countries
- France18.9%
- United States17.0%
- Netherlands14.2%
- Germany8.6%
- United Kingdom8.2%
- Spain5.4%
How to invest in PRIC 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 GBP when you buy.
Step 3
Search PRIC and buy
Find the fund by its ticker, PRIC, on the London Stock Exchange ETF segment, and place your order.
Why invest in PRIC from India
What PRIC holds
To track the performance of Bloomberg Euro Corporate Bond Index (the Index), and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index.
Outside US estate tax
PRIC 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 PRIC's UCITS structure matters for Indian investors
PRIC 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 PRIC from India?
Yes. Indian residents can buy Amundi Core Corporate Bond -UCITS ETF DR- Distribution (PRIC) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 PRIC invest in?
Amundi Core Corporate Bond -UCITS ETF DR- Distribution holds 3,898 securities. Its largest holdings are AB INBEV SA/N 2% Mar28 EMTN (0.1%), JPMORGAN CHAS VAR Mar30 EMTN (0.1%) and AMAZON.COM IN 3.7% Mar35 (0.1%). Securitized is its largest sector at 0.2%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of PRIC?
Amundi Core Corporate Bond -UCITS ETF DR- Distribution has an expense ratio of 0.07% a year, taken from the fund's assets rather than billed to you. The fund manages about £2.1B.
Is PRIC a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core Corporate Bond -UCITS ETF DR- Distribution 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.
How are PRIC dividends taxed in India?
Amundi Core Corporate Bond -UCITS ETF DR- Distribution is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell PRIC?
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 GBP/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.