London Stock Exchange ETF segment · UCITS ETF
Invest in RIOU ETF from India
Indian and foreign residents can buy Amundi MSCI Brazil UCITS ETF (RIOU) units directly through Paasa.
By Paasa · Updated
RIOU at a glance
- Price
- $26.31+$0.31 (1.17%)
- Expense ratio
- 0.65%
- Day range
- $25.69 – $26.31
- Assets
- $372.2M
- Domicile
- Luxembourg
- Holdings
- 30
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -25.01%
- 6 months
- -13.98%
- YTD
- +2.47%
- 1 year
- +2.39%
- 5 years
- +56.61%
Price change, excluding dividends.
Top 10 holdings
- 1CATERPILLAR INC6.3%
- 2LAM RESEARCH CORP6.0%
- 3AMGEN INC5.4%
- 4BROADCOM INC5.2%
- 5ADVANCED MICRO DEVICES4.8%
- 6AIR LIQUIDE PRIME FIDELITE4.8%
- 7PROCTER & GAMBLE CO/THE4.8%
- 8CISCO SYSTEMS INC4.7%
- 9RTX CORP4.6%
- 10MICRON TECHNOLOGY INC4.6%
RIOU holds 30 securities in total. These 10 are 51.2% of the fund.
Where the money is invested
Sectors
- Financial Services36.0%
- Energy19.6%
- Basic Materials13.2%
- Industrials11.4%
- Utilities11.2%
- Consumer Defensive3.7%
Countries
- Brazil98.7%
- United States1.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| EWZAMEXiShares MSCI Brazil ETF | 0.59% | 8.7B |
| XMBDLSEXtrackers MSCI Brazil UCITS ETF 1C | 0.25% | 294.0M |
| IDBZLSEiShares MSCI Brazil UCITS ETF USD (Dist) | 0.74% | 447.3M |
Assets are shown in each fund's own reporting currency.
How to invest in RIOU 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.
Step 3
Search RIOU and buy
Find the fund by its ticker, RIOU, on the London Stock Exchange ETF segment, and place your order.
Why invest in RIOU from India
What RIOU holds
The Multi Units Luxembourg SICAV - Amundi MSCI Brazil UCITS ETF - Acc is a UCITS compliant exchange traded fund that aims to track the MSCI Brazil Net Total Return USD Index.
Outside US estate tax
RIOU 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 RIOU's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
RIOU is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 RIOU's UCITS structure matters for Indian investors
RIOU 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 RIOU from India?
Yes. Indian residents can buy Amundi MSCI Brazil UCITS ETF (RIOU) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 RIOU invest in?
Amundi MSCI Brazil UCITS ETF holds 30 securities. Its largest holdings are CATERPILLAR INC (6.3%), LAM RESEARCH CORP (6.0%) and AMGEN INC (5.4%). Financial Services is its largest sector at 36.0%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of RIOU?
Amundi MSCI Brazil UCITS ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $372.2M.
Is RIOU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Brazil 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 RIOU pay dividends?
No. Amundi MSCI Brazil 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 RIOU?
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 USD/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.