{
    "fund_name": "Amundi MSCI India II UCITS ETF EUR Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "synthetic",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Synthetic replication using swaps",
        "Counterparty risk exposure",
        "OTC swap agreements with specific banks (Morgan Stanley, Societe Generale)"
    ],
    "classification": "complex",
    "supporting_data": "The ETF uses synthetic replication via OTC total return swaps, which introduces counterparty risk and requires understanding of derivative instruments. While the fund tracks a straightforward equity index (MSCI India), the use of swaps for replication and the associated counterparty risk make it complex under MiFID II. The KIID explicitly mentions counterparty risk and the use of financial derivative instruments, which are key complexity indicators. The fact sheet confirms the use of swaps with specific counterparties, further supporting the complex classification. The fund does not use leverage or inverse strategies, but the synthetic structure and derivative exposure are sufficient to trigger the complex classification.",
    "confidence": 90
}