London Stock Exchange ETF segment · UCITS ETF
Invest in TNOW ETF from India
Indian and foreign residents can buy Amundi MSCI World Information Technology UCITS ETF (TNOW) units directly through Paasa.
By Paasa · Updated
TNOW at a glance
- Price
- $1,451.40+$15.20 (1.06%)
- Expense ratio
- 0.3%
- Day range
- $1,432.72 – $1,451.40
- Assets
- $3.8B
- Domicile
- Luxembourg
- Holdings
- 49
- Launched
- 2010
- Dividends
- Accumulating
- 1 month
- +3.74%
- 6 months
- +45.77%
- YTD
- +28.02%
- 1 year
- +31.69%
- 5 years
- +151.49%
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP9.1%
- 2AMAZON.COM INC8.9%
- 3META PLATFORMS INC-CLASS A8.3%
- 4ALPHABET INC CL A6.2%
- 5HOME DEPOT INC4.3%
- 6PROCTER & GAMBLE CO/THE4.2%
- 7QUALCOMM INC3.9%
- 8MICRON TECHNOLOGY INC3.5%
- 9UNITEDHEALTH GROUP INC3.5%
- 10NORFOLK SOUTHERN CORP3.3%
TNOW holds 49 securities in total. These 10 are 55.2% of the fund.
Where the money is invested
Sectors
- Technology43.6%
- Consumer Cyclical18.8%
- Communication Services9.3%
- Consumer Defensive9.0%
- Industrials7.4%
- Healthcare6.7%
Countries
- United States99.8%
- France0.2%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| XDWTLSEXtrackers MSCI World Information Technology UCITS ETF 1C | 0.25% | 6.8B |
| LYPGXETRAAmundi MSCI World Information Technology UCITS ETF EUR Acc | 0.3% | 3.3B |
Assets are shown in each fund's own reporting currency.
How to invest in TNOW 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 TNOW and buy
Find the fund by its ticker, TNOW, on the London Stock Exchange ETF segment, and place your order.
Why invest in TNOW from India
What TNOW holds
This UCITS-compliant Amundi exchange-traded fund (ETF) aims to mirror the performance of its reference index, the MSCI Daily TR World Net Information Technology USD. This benchmark is a free float-adjusted, market-capitalization-weighted index structured to represent the investable universe and returns of publicly traded Information Technology firms worldwide.
Outside US estate tax
TNOW 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 TNOW'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
TNOW 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 TNOW's UCITS structure matters for Indian investors
TNOW 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 TNOW from India?
Yes. Indian residents can buy Amundi MSCI World Information Technology UCITS ETF (TNOW) 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 TNOW invest in?
Amundi MSCI World Information Technology UCITS ETF holds 49 securities. Its largest holdings are NVIDIA CORP (9.1%), AMAZON.COM INC (8.9%) and META PLATFORMS INC-CLASS A (8.3%). Technology is its largest sector at 43.6%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of TNOW?
Amundi MSCI World Information Technology UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.8B.
Is TNOW a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI World Information Technology 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 TNOW pay dividends?
No. Amundi MSCI World Information Technology 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 TNOW?
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.