XETRA · UCITS ETF
Invest in WELU ETF from India
Indian and foreign residents can buy Amundi ETF ICAV - Amundi S&P World Information Technology Screened UCITS ETF (WELU) units directly through Paasa.
By Paasa · Updated
WELU at a glance
- Price
- €27.81-€0.12 (0.41%)
- Expense ratio
- —
- Day range
- €27.76 – €27.90
- Assets
- —
- Domicile
- Ireland
- Holdings
- —
- Launched
- —
- Dividends
- Accumulating
- 1 month
- -1.90%
- 6 months
- +19.25%
- YTD
- +26.81%
- 1 year
- +23.65%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NVIDIA CORP20.4%
- 2APPLE INC17.8%
- 3MICROSOFT CORP15.0%
- 4BROADCOM INC6.8%
- 5ASML HOLDING NV3.2%
- 6PALANTIR TECHNOLOGIES INC-A2.5%
- 7MICRON TECHNOLOGY INC2.5%
- 8CISCO SYSTEMS INC2.0%
- 9APPLIED MATERIALS INC1.5%
- 10LAM RESEARCH CORP1.5%
These 10 are 73.1% of the fund.
Where the money is invested
Countries
- United States87.8%
- Netherlands3.5%
- Japan2.9%
- Germany1.4%
- Canada1.2%
- Ireland1.0%
How to invest in WELU 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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search WELU and buy
Find the fund by its ticker, WELU, on XETRA, and place your order.
Why invest in WELU from India
What WELU holds
To track the performance of the Index.
Outside US estate tax
WELU is domiciled in Ireland, 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 WELU's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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 WELU's UCITS structure matters for Indian investors
WELU is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy WELU from India?
Yes. Indian residents can buy Amundi ETF ICAV - Amundi S&P World Information Technology Screened UCITS ETF (WELU) through Paasa. It is listed on XETRA and trades in EUR. 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 WELU invest in?
Its largest holdings are NVIDIA CORP (20.4%), APPLE INC (17.8%) and MICROSOFT CORP (15.0%). It is an accumulating fund domiciled in Ireland.
Is WELU a UCITS ETF, and why does that matter for Indian investors?
Yes. Amundi ETF ICAV - Amundi S&P World Information Technology Screened UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Does WELU pay dividends?
No. Amundi ETF ICAV - Amundi S&P World Information Technology Screened 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 WELU?
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 EUR/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.