London Stock Exchange ETF segment · UCITS ETF
Invest in U127 ETF from India
Indian and foreign residents can buy Amundi Core MSCI Emerging Markets Swap UCITS ETF (U127) units directly through Paasa.
By Paasa · Updated
U127 at a glance
- Price
- $75.59-$1.17 (1.52%)
- Expense ratio
- 0.14%
- Day range
- $75.36 – $76.23
- Assets
- $12.4B
- Domicile
- Luxembourg
- Holdings
- 153
- Launched
- 2023
- Dividends
- Distributing
- 1 month
- -1.11%
- 6 months
- +21.84%
- YTD
- +22.67%
- 1 year
- +27.71%
- 5 years
- +37.76%
Price change, excluding dividends.
Top 10 holdings
- 1AMAZON.COM INCAMZN5.5%
- 2APPLE INCAAPL4.3%
- 3ALPHABET INC CL CGOOG3.9%
- 4ADVANCED MICRO DEVICESAMD3.4%
- 5NVIDIA CORPNVDA3.3%
- 6APPLIED MATERIALS INCAMAT3.2%
- 7MICROSOFT CORPMSFT2.7%
- 8INTEL CORPINTC2.3%
- 9TESLA INCTSLA1.9%
- 10ASTERA LABS INCALAB1.6%
U127 holds 153 securities in total. These 10 are 32.0% of the fund.
Where the money is invested
Sectors
- Technology41.9%
- Financial Services19.5%
- Consumer Cyclical8.2%
- Industrials6.3%
- Basic Materials6.3%
- Communication Services6.1%
Countries
- United States91.4%
- Switzerland2.5%
- Netherlands1.4%
- United Kingdom1.1%
- Sweden1.0%
- Canada0.8%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| LEMALSEAmundi Core MSCI Emerging Markets Swap UCITS ETF Acc | 0.14% | 12.4B |
| AMEMXETRAAmundi MSCI Emerging Markets Swap UCITS ETF EUR Acc | 0.2% | 5.8B |
| XMMDLSEXtrackers MSCI Emerging Markets Swap UCITS ETF 1C | 0.49% | 1.3B |
Assets are shown in each fund's own reporting currency.
How to invest in U127 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 U127 and buy
Find the fund by its ticker, U127, on the London Stock Exchange ETF segment, and place your order.
Why invest in U127 from India
What U127 holds
The Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist is engineered to closely mirror the performance of the MSCI Emerging Markets Net Total Return USD Index (referred to as the Index), irrespective of market trends. A key aim of this Sub-Fund is to minimize any divergence between its net asset value and the Index's returns.
Outside US estate tax
U127 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
U127 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 U127's UCITS structure matters for Indian investors
U127 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 U127 from India?
Yes. Indian residents can buy Amundi Core MSCI Emerging Markets Swap UCITS ETF (U127) 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 U127 invest in?
Amundi Core MSCI Emerging Markets Swap UCITS ETF holds 153 securities. Its largest holdings are AMAZON.COM INC (5.5%), APPLE INC (4.3%) and ALPHABET INC CL C (3.9%). Technology is its largest sector at 41.9%. It is a distributing fund domiciled in Luxembourg.
What is the expense ratio of U127?
Amundi Core MSCI Emerging Markets Swap UCITS ETF has an expense ratio of 0.14% a year, taken from the fund's assets rather than billed to you. The fund manages about $12.4B.
Is U127 a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi Core MSCI Emerging Markets Swap 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.
How are U127 dividends taxed in India?
Amundi Core MSCI Emerging Markets Swap UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell U127?
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.