Hong Kong Stock Exchange · ETF
Invest in 2846 ETF from India
Indian and foreign residents can buy iShares Core CSI 300 ETF (2846) units directly through Paasa.
By Paasa · Updated
2846 at a glance
- Price
- HK$31.44-HK$1.04 (3.20%)
- Expense ratio
- 0.16%
- Day range
- HK$31.44 – HK$32.48
- Assets
- HK$5.5B
- Domicile
- Hong Kong
- Holdings
- 301
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- -6.60%
- 6 months
- -17.65%
- YTD
- -9.55%
- 1 year
- -7.15%
- 5 years
- -19.30%
Price change, excluding dividends.
Top 10 holdings
- 1KWEICHOW MOUTAI A3.9%
- 2CONTEMPORARY AMPEREX TECHNOLOGY A2.8%
- 3PING AN INSURANCE (GROUP) OF CHINA2.5%
- 4CHINA MERCHANTS BANK A2.3%
- 5ZHONGJI INNOLIGHT A2.3%
- 6MIDEA GROUP A1.9%
- 7ZIJIN MINING GROUP LTD A1.9%
- 8CHINA YANGTZE POWER LTD A1.6%
- 9WUXI APPTEC A1.6%
- 10INDUSTRIAL BANK A1.5%
2846 holds 301 securities in total. These 10 are 22.3% of the fund.
Where the money is invested
Sectors
- Information Technology25.2%
- Financials23.1%
- Industrials15.2%
- Materials8.7%
- Consumer Staples7.8%
- Consumer Discretionary5.8%
Countries
- China99.0%
- Hong Kong1.0%
How to invest in 2846 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 2846 and buy
Find the fund by its ticker, 2846, 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 2846 from India
What 2846 holds
The investment objective of the CSI 300 ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index. There can be no assurance that the CSI 300 ETF will achieve its investment objective.
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 2846 from India?
Yes. Indian residents can buy iShares Core CSI 300 ETF (2846) 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 2846 invest in?
iShares Core CSI 300 ETF holds 301 securities. Its largest holdings are KWEICHOW MOUTAI A (3.9%), CONTEMPORARY AMPEREX TECHNOLOGY A (2.8%) and PING AN INSURANCE (GROUP) OF CHINA (2.5%). Information Technology is its largest sector at 25.2%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 2846?
iShares Core CSI 300 ETF has an expense ratio of 0.16% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$5.5B.
How are 2846 dividends taxed in India?
iShares Core CSI 300 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 2846?
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 2846 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$31.44 a unit, size the order by the lot.