Hong Kong Stock Exchange · ETF
Invest in 3070 ETF from India
Indian and foreign residents can buy Ping An of China CSI HK Dividend ETF (3070) units directly through Paasa.
By Paasa · Updated
3070 at a glance
- Price
- HK$41.90+HK$0.36 (0.87%)
- Expense ratio
- 0.71%
- Day range
- HK$41.38 – HK$42.02
- Assets
- HK$1.3B
- Domicile
- Hong Kong
- Holdings
- —
- Launched
- 2012
- Dividends
- Distributing
- 1 month
- -1.13%
- 6 months
- +1.35%
- YTD
- +10.50%
- 1 year
- +16.52%
- 5 years
- +63.29%
Price change, excluding dividends.
Top 10 holdings
- 1CHINA CONSTRUCTION BANK11.8%
- 2INDUSTRIAL AND COMMERCIAL BANK OF CHINA11.7%
- 3CNOOC LTD10.3%
- 4BANK OF CHINA LTD10.2%
- 5CHINA MOBILE LTD8.5%
- 6AGRICULTURAL BANK OF CHINA7.2%
- 7PETROCHINA COMPANY LIMITED7.2%
- 8CHINA SHENHUA ENERGY COMPANY LIMITED5.4%
- 9CHINA PETROLEUM AND CHEMICAL CORPORATION3.8%
- 10CHINA HONGQIAO GROUP LTD2.9%
These 10 are 79.0% of the fund.
Where the money is invested
Sectors
- Financial Services48.3%
- Energy29.4%
- Communication Services12.8%
- Industrials5.4%
- Basic Materials2.6%
- Utilities1.2%
Countries
- China73.6%
- Hong Kong26.4%
How to invest in 3070 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 3070 and buy
Find the fund by its ticker, 3070, 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 3070 from India
What 3070 holds
The primary purpose of the HK Dividend ETF is to replicate the returns generated by the CSI Hong Kong Dividend Index.
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 3070 from India?
Yes. Indian residents can buy Ping An of China CSI HK Dividend ETF (3070) 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 3070 invest in?
Its largest holdings are CHINA CONSTRUCTION BANK (11.8%), INDUSTRIAL AND COMMERCIAL BANK OF CHINA (11.7%) and CNOOC LTD (10.3%). Financial Services is its largest sector at 48.3%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 3070?
Ping An of China CSI HK Dividend ETF has an expense ratio of 0.71% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$1.3B.
How are 3070 dividends taxed in India?
Ping An of China CSI HK Dividend 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 3070?
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 3070 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$41.90 a unit, size the order by the lot.