London Stock Exchange ETF segment · UCITS ETF
Invest in PRIE ETF from India
Indian and foreign residents can buy Amundi Prime Europe UCITS ETF DR D (PRIE) units directly through Paasa.
By Paasa · Updated
PRIE at a glance
- Price
- £32.01-£0.07 (0.23%)
- Expense ratio
- 0.05%
- Day range
- £31.95 – £32.24
- Assets
- £633.9M
- Domicile
- Luxembourg
- Holdings
- 420
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- +3.03%
- 6 months
- +5.08%
- YTD
- +10.35%
- 1 year
- +9.94%
- 5 years
- +36.45%
Price change, excluding dividends.
Top 10 holdings
- 1ASML HOLDING NV4.3%
- 2ROCHE HOLDING AG - GENUSSS CHF2.5%
- 3HSBC HOLDINGS PLC2.2%
- 4NOVARTIS AG-REG2.1%
- 5SHELL PLC GBP2.0%
- 6ASTRAZENECA GBP2.0%
- 7NESTLE SA-REG1.9%
- 8SAP SE / XETRA1.7%
- 9SIEMENS AG-REG1.6%
- 10ALLIANZ SE-REG1.4%
PRIE holds 420 securities in total. These 10 are 21.8% of the fund.
Where the money is invested
Sectors
- Financial Services24.9%
- Industrials17.9%
- Healthcare14.5%
- Consumer Defensive8.8%
- Technology8.7%
- Consumer Cyclical6.0%
Countries
- United Kingdom22.0%
- Switzerland15.1%
- Germany13.4%
- France12.2%
- Netherlands8.0%
- Sweden6.0%
How to invest in PRIE 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 PRIE and buy
Find the fund by its ticker, PRIE, on the London Stock Exchange ETF segment, and place your order.
Why invest in PRIE from India
What PRIE holds
The Amundi Prime Europe UCITS ETF DR aims to meticulously mirror the returns of the Solactive GBS Developed Markets Europe Large & Mid Cap EUR Index (Net Total Return), precisely tracking its fluctuations in both upturns and downturns. This exchange-traded fund provides investors with exposure to a diverse collection of prominent large and mid-sized companies located across 15 distinct European countries.
Outside US estate tax
PRIE 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 PRIE's UCITS structure matters for Indian investors
PRIE 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 PRIE from India?
Yes. Indian residents can buy Amundi Prime Europe UCITS ETF DR D (PRIE) 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 PRIE invest in?
Amundi Prime Europe UCITS ETF DR D holds 420 securities. Its largest holdings are ASML HOLDING NV (4.3%), ROCHE HOLDING AG - GENUSSS CHF (2.5%) and HSBC HOLDINGS PLC (2.2%). Financial Services is its largest sector at 24.9%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of PRIE?
Amundi Prime Europe UCITS ETF DR D has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about £633.9M.
Is PRIE a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Prime Europe UCITS ETF DR D 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 PRIE dividends taxed in India?
Amundi Prime Europe UCITS ETF DR D 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 PRIE?
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 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.