Hong Kong Stock Exchange · ETF
Invest in 3067 ETF from India
Indian and foreign residents can buy iShares Hang Seng TECH ETF (3067) units directly through Paasa.
By Paasa · Updated
3067 at a glance
- Price
- HK$8.98+HK$0.01 (0.11%)
- Expense ratio
- 0.25%
- Day range
- HK$8.91 – HK$9.00
- Assets
- HK$12.9B
- Domicile
- Hong Kong
- Holdings
- 30
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -7.71%
- 6 months
- -8.83%
- YTD
- -23.18%
- 1 year
- -34.12%
- 5 years
- -29.29%
Price change, excluding dividends.
Top 10 holdings
- 1NETEASE8.5%
- 2TENCENT HOLDINGS8.4%
- 3ALIBABA GROUP HOLDING8.3%
- 4LENOVO GROUP8.1%
- 5XIAOMI7.9%
- 6MEITUAN7.9%
- 7SEMICONDUCTOR MANUFACTURING INTERN7.5%
- 8BYD H7.5%
- 9JD.COM CLASS A4.9%
- 10BAIDU4.1%
3067 holds 30 securities in total. These 10 are 73.1% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical41.0%
- Technology32.0%
- Communication Services25.3%
- Healthcare1.7%
Countries
- China87.6%
- Hong Kong8.8%
- Singapore3.4%
- Other0.2%
How to invest in 3067 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 3067 and buy
Find the fund by its ticker, 3067, 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 3067 from India
What 3067 holds
The iShares Hang Seng TECH ETF seeks to track the investment results of an index composed of 30 Hong Kong-listed companies in the technology sector or with tech-enabled businesses.
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 3067 from India?
Yes. Indian residents can buy iShares Hang Seng TECH ETF (3067) 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 3067 invest in?
iShares Hang Seng TECH ETF holds 30 securities. Its largest holdings are NETEASE (8.5%), TENCENT HOLDINGS (8.4%) and ALIBABA GROUP HOLDING (8.3%). Consumer Cyclical is its largest sector at 41.0%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 3067?
iShares Hang Seng TECH ETF has an expense ratio of 0.25% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$12.9B.
How are 3067 dividends taxed in India?
iShares Hang Seng TECH 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 3067?
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 3067 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$8.98 a unit, size the order by the lot.