Hong Kong Stock Exchange · ETF
Invest in 2823 ETF from India
Indian and foreign residents can buy iShares FTSE China A50 ETF (2823) units directly through Paasa.
By Paasa · Updated
2823 at a glance
- Price
- HK$16.01+HK$0.10 (0.63%)
- Expense ratio
- 0.35%
- Day range
- HK$15.90 – HK$16.03
- Assets
- HK$13.6B
- Domicile
- Hong Kong
- Holdings
- 54
- Launched
- 2004
- Dividends
- Distributing
- 1 month
- -4.65%
- 6 months
- +0.57%
- YTD
- -3.26%
- 1 year
- -0.68%
- 5 years
- -11.40%
Price change, excluding dividends.
Top 10 holdings
- 1KWEICHOW MOUTAI A7.9%
- 2CONTEMPORARY AMPEREX TECHNOLOGY A6.5%
- 3ZHONGJI INNOLIGHT A4.6%
- 4CHINA MERCHANTS BANK A4.3%
- 5CHINA YANGTZE POWER LTD A3.5%
- 6FOXCONN INDUSTRIAL INTERNET LTD A3.4%
- 7CAMBRICON TECHNOLOGIES CORPORATION3.2%
- 8INDUSTRIAL AND COMMERCIAL BANK OF3.1%
- 9AGRICULTURAL BANK OF CHINA LTD A3.1%
- 10ZIJIN MINING GROUP LTD A3.1%
2823 holds 54 securities in total. These 10 are 42.8% of the fund.
Where the money is invested
Sectors
- Technology28.2%
- Financial Services27.6%
- Industrials12.0%
- Consumer Defensive10.3%
- Basic Materials6.1%
- Energy5.0%
Countries
- China99.8%
- Switzerland0.1%
- United States0.0%
How to invest in 2823 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 HKD when you buy.
Step 3
Search 2823 and buy
Find the fund by its ticker, 2823, on the Hong Kong Stock Exchange, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in 2823 from India
What 2823 holds
Managed by BlackRock Asset Management North Asia Limited, the iShares FTSE A50 China Index ETF, part of the iShares Asia Trust, is an exchange-traded fund. Its primary objective is to track the performance of the FTSE China A50 Index by employing a synthetic replication methodology.
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.
Frequently asked questions
Can I buy 2823 from India?
Yes. Indian residents can buy iShares FTSE China A50 ETF (2823) through Paasa. It is listed on the Hong Kong Stock Exchange and trades in HKD. 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 2823 invest in?
iShares FTSE China A50 ETF holds 54 securities. Its largest holdings are KWEICHOW MOUTAI A (7.9%), CONTEMPORARY AMPEREX TECHNOLOGY A (6.5%) and ZHONGJI INNOLIGHT A (4.6%). Technology is its largest sector at 28.2%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 2823?
iShares FTSE China A50 ETF has an expense ratio of 0.35% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$13.6B.
How are 2823 dividends taxed in India?
iShares FTSE China A50 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 2823?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. 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 HKD/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.
Can I buy a single 2823 unit?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$16.01 a unit, size the order by the lot.