Amundi MSCI India Swap II UCITS ETF USD Acc

What this fund is

Amundi MSCI India Swap II UCITS ETF USD Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker CI2U (ISIN LU1681043169). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. It passively tracks the MSCI Emerging Markets India Net TR (USD) index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include HDFC BANK LIMITED, RELIANCE INDUSTRIES LIMITED and ICICI BANK LTD. Geographically it leans ~100% India.

By industry it concentrates most in ~31.1% Financials and ~12.1% Consumer Discretionary. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.8% a year — about €80 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash. It tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in USD.

Its price has swung about 15.8% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2018. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Amundi.)