London Stock Exchange ETF segment · UCITS ETF
Invest in PRIP ETF from India
Indian and foreign residents can buy Amundi Core Corporate Bond UCITS ETF (PRIP) units directly through Paasa.
By Paasa · Updated
PRIP at a glance
- Price
- £12.77+£0.04 (0.30%)
- Expense ratio
- 0.07%
- Day range
- £12.71 – £12.77
- Assets
- £120.2M
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- 2019
- Dividends
- Distributing
- 1 month
- -0.98%
- 6 months
- -3.49%
- YTD
- -2.88%
- 1 year
- -6.62%
- 5 years
- -19.70%
Price change, excluding dividends.
Top 10 holdings
- 1CASH0.8%
- 2SPACE EXPLORA 5.35% Jul310.2%
- 3WACHOVIA BANK 6.6% Jan380.2%
- 4CITIBANK NA 5.57% Apr340.2%
- 5CVS HEALTH CO 5.05% Mar480.2%
- 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%
These 10 are 2.2% 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 |
|---|---|---|
| IGCBLSEInvesco GBP Corporate Bond UCITS ETF | 0.1% | 345.3M |
| VDPALSEVanguard USD Corporate Bond UCITS ETF (USD) Accumulating | 0.07% | 4.7B |
| GIGLAMEXGoldman Sachs Corporate Bond ETF | 0.3% | 231.3M |
| FCORAMEXFidelity Corporate Bond ETF | 0.36% | 352.6M |
| VECAXETRAVanguard EUR Corporate Bond UCITS ETF (EUR) Accumulating | 0.07% | 6.1B |
Assets are shown in each fund's own reporting currency.
How to invest in PRIP 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 PRIP and buy
Find the fund by its ticker, PRIP, on the London Stock Exchange ETF segment, and place your order.
Why invest in PRIP from India
What PRIP holds
This Amundi Core USD Corporate Bond UCITS ETF Dist is designed to accurately mirror the returns of its benchmark, the Bloomberg US Corporate Liquid Issuer Unhedged USD index, regardless of market direction. A key objective is to minimize the deviation between the ETF's net asset value and the index's performance.
Outside US estate tax
PRIP 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 PRIP's UCITS structure matters for Indian investors
PRIP 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 PRIP from India?
Yes. Indian residents can buy Amundi Core Corporate Bond UCITS ETF (PRIP) 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 PRIP invest in?
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 a distributing fund domiciled in Luxembourg.
What is the expense ratio of PRIP?
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 £120.2M.
Is PRIP 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.
How are PRIP dividends taxed in India?
Amundi Core Corporate Bond UCITS ETF 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 PRIP?
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.