London Stock Exchange ETF segment · UCITS ETF
Invest in TPHU ETF from India
Indian and foreign residents can buy Amundi Japan Topix UCITS ETF - DAILY C (TPHU) units directly through Paasa.
By Paasa · Updated
TPHU at a glance
- Price
- $214.98+$4.10 (1.94%)
- Expense ratio
- 0.48%
- Day range
- $214.80 – $215.60
- Assets
- $912.8M
- Domicile
- Luxembourg
- Holdings
- 94
- Launched
- 2018
- Dividends
- —
- 1 month
- +0.01%
- 6 months
- +19.20%
- YTD
- +24.96%
- 1 year
- +38.86%
- 5 years
- +167.88%
Price change, excluding dividends.
Top 10 holdings
- 1MICROSOFT CORP7.4%
- 2APPLE INC6.2%
- 3NVIDIA CORP5.9%
- 4MICRON TECHNOLOGY INC4.1%
- 5ADVANCED MICRO DEVICES3.3%
- 6L OREAL PRIME FIDELITE2.5%
- 7TOTALENERGIES SE PARIS2.5%
- 8AXA SA2.5%
- 9AIR LIQUIDE PRIME FIDELITE2.4%
- 10COSTCO WHOLESALE CORP2.4%
TPHU holds 94 securities in total. These 10 are 39.3% of the fund.
Where the money is invested
Sectors
- Financial Services20.0%
- Consumer Cyclical19.2%
- Healthcare15.1%
- Industrials10.8%
- Technology10.7%
- Communication Services7.3%
Countries
- United States82.6%
- France13.0%
- Sweden1.9%
- Switzerland1.3%
- Netherlands0.8%
- Japan0.4%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| TTPXXETRAAmundi Japan Topix UCITS ETF - DAILY HEDGED EUR (C) | 0.48% | 830.3M |
| TPHGLSEAmundi Japan Topix UCITS ETF - DAILY HEDGED GBP (C) | 0.48% | 712.3M |
Assets are shown in each fund's own reporting currency.
How to invest in TPHU 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 TPHU and buy
Find the fund by its ticker, TPHU, on the London Stock Exchange ETF segment, and place your order.
Why invest in TPHU from India
What TPHU holds
This Amundi Japan Topix UCITS ETF (DAILY HEDGED USD) aims to mirror the total gross return performance of the TOPIX index as accurately as possible. It incorporates a monthly currency hedge against the US Dollar.
Outside US estate tax
TPHU is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
TPHU 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 TPHU's UCITS structure matters for Indian investors
TPHU 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 TPHU from India?
Yes. Indian residents can buy Amundi Japan Topix UCITS ETF - DAILY C (TPHU) 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 TPHU invest in?
Amundi Japan Topix UCITS ETF - DAILY C holds 94 securities. Its largest holdings are MICROSOFT CORP (7.4%), APPLE INC (6.2%) and NVIDIA CORP (5.9%). Financial Services is its largest sector at 20.0%. The fund is domiciled in Luxembourg.
What is the expense ratio of TPHU?
Amundi Japan Topix UCITS ETF - DAILY C has an expense ratio of 0.48% a year, taken from the fund's assets rather than billed to you. The fund manages about $912.8M.
Is TPHU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Japan Topix UCITS ETF - DAILY C 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.
What tax do I pay in India when I sell TPHU?
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.