London Stock Exchange ETF segment · UCITS ETF
Invest in TPXU ETF from India
Indian and foreign residents can buy Amundi Index Solutions - Japan TOPIX UCITS ETF (TPXU) units directly through Paasa.
By Paasa · Updated
TPXU at a glance
- Price
- $176.16+$3.61 (2.09%)
- Expense ratio
- 0.2%
- Day range
- $176.09 – $176.34
- Assets
- $928.4M
- Domicile
- Luxembourg
- Holdings
- 94
- Launched
- 2018
- Dividends
- —
- 1 month
- +1.86%
- 6 months
- +16.82%
- YTD
- +20.65%
- 1 year
- +25.59%
- 5 years
- +53.67%
Price change, excluding dividends.
Top 10 holdings
- 1APPLE INCAAPL7.5%
- 2MICROSOFT CORPMSFT7.5%
- 3NVIDIA CORPNVDA5.8%
- 4MICRON TECHNOLOGY INCMU4.1%
- 5ADVANCED MICRO DEVICESAMD3.4%
- 6TOTALENERGIES SE PARISTTE.PA2.5%
- 7L OREAL PRIME FIDELITE2.5%
- 8AXA SACS.PA2.4%
- 9AIR LIQUIDE PRIME FIDELITE2.4%
- 10COSTCO WHOLESALE CORPCOST2.3%
TPXU holds 94 securities in total. These 10 are 40.5% 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 States82.5%
- France13.0%
- Sweden1.7%
- Switzerland1.4%
- Netherlands0.8%
- Canada0.6%
How to invest in TPXU 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 TPXU and buy
Find the fund by its ticker, TPXU, on the London Stock Exchange ETF segment, and place your order.
Why invest in TPXU from India
What TPXU holds
The Amundi Japan TOPIX UCITS ETF aims to accurately track the comprehensive returns of the TOPIX index, including dividends before tax, consistently reflecting its movements in both rising and falling markets. This fund offers investors a straightforward way to invest in a broad selection of major Japanese companies.
Outside US estate tax
TPXU 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
TPXU 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 TPXU's UCITS structure matters for Indian investors
TPXU 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 TPXU from India?
Yes. Indian residents can buy Amundi Index Solutions - Japan TOPIX UCITS ETF (TPXU) 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 TPXU invest in?
Amundi Index Solutions - Japan TOPIX UCITS ETF holds 94 securities. Its largest holdings are APPLE INC (7.5%), MICROSOFT CORP (7.5%) and NVIDIA CORP (5.8%). Financial Services is its largest sector at 20.0%. The fund is domiciled in Luxembourg.
What is the expense ratio of TPXU?
Amundi Index Solutions - Japan TOPIX UCITS ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $928.4M.
Is TPXU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Index Solutions - Japan TOPIX 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.
What tax do I pay in India when I sell TPXU?
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.