Hong Kong Stock Exchange · ETF
Invest in 2828 ETF from India
Indian and foreign residents can buy Hang Seng China Enterprises Index ETF (2828) units directly through Paasa.
By Paasa · Updated
2828 at a glance
- Price
- HK$84.22+HK$0.50 (0.60%)
- Expense ratio
- 0.66%
- Day range
- HK$83.04 – HK$84.36
- Assets
- HK$24.5B
- Domicile
- Hong Kong
- Holdings
- —
- Launched
- 2003
- Dividends
- Distributing
- 1 month
- -3.70%
- 6 months
- -1.50%
- YTD
- -8.48%
- 1 year
- -13.81%
- 5 years
- -5.07%
Price change, excluding dividends.
Top 10 holdings
- 1CCB8.4%
- 2TENCENT8.1%
- 3BABA - SW8.0%
- 4ICBC5.9%
- 5CHINA MOBILE4.6%
- 6XIAOMI - W4.2%
- 7BANK OF CHINA4.0%
- 8MEITUAN - W3.6%
- 9CNOOC3.4%
- 10PING AN3.3%
These 10 are 53.5% of the fund.
Where the money is invested
Countries
- China82.7%
- Hong Kong13.3%
- Switzerland2.4%
- Singapore1.0%
- Other0.5%
How to invest in 2828 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 2828 and buy
Find the fund by its ticker, 2828, 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 2828 from India
What 2828 holds
This exchange-traded fund (ETF) is designed to track the performance of the Hang Seng China Enterprises Index. Its primary goal is to replicate the index's returns as accurately as possible, excluding any associated fees or charges.
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 2828 from India?
Yes. Indian residents can buy Hang Seng China Enterprises Index ETF (2828) 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 2828 invest in?
Its largest holdings are CCB (8.4%), TENCENT (8.1%) and BABA - SW (8.0%). It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 2828?
Hang Seng China Enterprises Index ETF has an expense ratio of 0.66% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$24.5B.
How are 2828 dividends taxed in India?
Hang Seng China Enterprises Index 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 2828?
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 2828 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$84.22 a unit, size the order by the lot.