London Stock Exchange ETF segment · UCITS ETF
Invest in TURU ETF from India
Indian and foreign residents can buy Amundi MSCI Turkey UCITS ETF (TURU) units directly through Paasa.
By Paasa · Updated
TURU at a glance
- Price
- $54.38-$1.04 (1.88%)
- Expense ratio
- 0.45%
- Day range
- $54.38 – $55.89
- Assets
- $95.0M
- Domicile
- Luxembourg
- Holdings
- 31
- Launched
- 2019
- Dividends
- Accumulating
- 1 month
- -9.85%
- 6 months
- +1.53%
- YTD
- +14.12%
- 1 year
- +10.66%
- 5 years
- +116.03%
Price change, excluding dividends.
Top 10 holdings
- 1CHEVRON CORP7.1%
- 2ORACLE CORP6.5%
- 3ENGIE PRIME DE FIDELITE5.9%
- 4META PLATFORMS INC-CLASS A5.5%
- 5COSTCO WHOLESALE CORP4.9%
- 6WALMART INC4.8%
- 7MICRON TECHNOLOGY INC4.7%
- 8ELI LILLY & CO4.7%
- 9APPLE INC4.6%
- 10AMAZON.COM INC4.6%
TURU holds 31 securities in total. These 10 are 53.2% of the fund.
Where the money is invested
Sectors
- Technology40.2%
- Consumer Cyclical12.0%
- Consumer Defensive9.5%
- Communication Services7.8%
- Healthcare7.0%
- Energy6.9%
Countries
- United States85.0%
- France15.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| TURNASDAQiShares MSCI Turkey ETF | 0.59% | 177.2M |
| IDTKLSEiShares MSCI Turkey UCITS ETF | 0.74% | 118.8M |
Assets are shown in each fund's own reporting currency.
How to invest in TURU 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 TURU and buy
Find the fund by its ticker, TURU, on the London Stock Exchange ETF segment, and place your order.
Why invest in TURU from India
What TURU holds
This UCITS-regulated Exchange Traded Fund, the Amundi MSCI Turkey UCITS ETF - Acc, is engineered to mirror the returns of the MSCI Turkey Net Total Return Index. This specific index is curated to reflect the performance of leading and mid-tier companies within the Turkish market, encompassing roughly 85% of the nation's total equity capitalization.
Outside US estate tax
TURU 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 TURU'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
TURU 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 TURU's UCITS structure matters for Indian investors
TURU 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 TURU from India?
Yes. Indian residents can buy Amundi MSCI Turkey UCITS ETF (TURU) 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 TURU invest in?
Amundi MSCI Turkey UCITS ETF holds 31 securities. Its largest holdings are CHEVRON CORP (7.1%), ORACLE CORP (6.5%) and ENGIE PRIME DE FIDELITE (5.9%). Technology is its largest sector at 40.2%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of TURU?
Amundi MSCI Turkey UCITS ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $95.0M.
Is TURU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi MSCI Turkey 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 TURU pay dividends?
No. Amundi MSCI Turkey 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 TURU?
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.