Hong Kong Stock Exchange · ETF
Invest in 3053 ETF from India
Indian and foreign residents can buy CSOP Hong Kong Dollar Money Market ETF (3053) units directly through Paasa.
By Paasa · Updated
3053 at a glance
- Price
- HK$1,193.70+HK$1.20 (0.10%)
- Expense ratio
- 0.31%
- Day range
- HK$1,191.45 – HK$1,193.70
- Assets
- HK$7.9B
- Domicile
- Hong Kong
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- +0.37%
- 6 months
- +1.37%
- YTD
- +1.88%
- 1 year
- +2.61%
- 5 years
- +15.42%
Price change, excluding dividends.
Top 10 holdings
- 1NOTE10.9%
- 2Deposit RepDeposit to 02 Oct 267.6%
- 3Certificate of Deposit 12/31/266.1%
- 4Deposit RepDeposit to 05 Oct 266.0%
- 5Deposit RepDeposit to 06 Oct 265.2%
- 6Deposit RepDeposit to 02 Dec 264.9%
- 7Certificate of Deposit 12/15/264.7%
- 8Certificate of Deposit 12/04/264.2%
- 9Deposit RepDeposit to 27 Oct 264.0%
- 10Deposit RepDeposit to 13 Oct 264.0%
These 10 are 57.3% of the fund.
How to invest in 3053 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 3053 and buy
Find the fund by its ticker, 3053, 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 3053 from India
What 3053 holds
The primary goal of this fund is to generate returns that closely mirror the performance of the 3-month Hong Kong Interbank Offered Rate (HIBOR), prior to accounting for any associated fees or expenses.
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 3053 from India?
Yes. Indian residents can buy CSOP Hong Kong Dollar Money Market ETF (3053) 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 3053 invest in?
Its largest holdings are NOTE (10.9%), Deposit RepDeposit to 02 Oct 26 (7.6%) and Certificate of Deposit 12/31/26 (6.1%). The fund is domiciled in Hong Kong.
What is the expense ratio of 3053?
CSOP Hong Kong Dollar Money Market ETF has an expense ratio of 0.31% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$7.9B.
What tax do I pay in India when I sell 3053?
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 3053 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$1,193.70 a unit, size the order by the lot.