Hong Kong Stock Exchange · ETF
Invest in 3097 ETF from India
Indian and foreign residents can buy Global X ETF Series II - Global X S&P Crude Oil Futures Enhanced ER ETF (3097) units directly through Paasa.
By Paasa · Updated
3097 at a glance
- Price
- HK$9.67+HK$0.05 (0.47%)
- Expense ratio
- 2.42%
- Day range
- HK$9.66 – HK$9.67
- Assets
- HK$103.2M
- Domicile
- Hong Kong
- Holdings
- 2
- Launched
- 2016
- Dividends
- —
- 1 month
- +18.01%
- 6 months
- +25.03%
- YTD
- +108.75%
- 1 year
- +87.67%
- 5 years
- +129.03%
Price change, excluding dividends.
Top 2 holdings
- 1WTI CRUDE 112696.8%
- 2Global X USD Money Market ETF3.2%
3097 holds 2 securities in total. These 2 are 100.0% of the fund.
How to invest in 3097 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 3097 and buy
Find the fund by its ticker, 3097, 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 3097 from India
What 3097 holds
The Sub-Fund seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the S&P GSCI Crude Oil Enhanced Index Excess Return (the Underlying 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 3097 from India?
Yes. Indian residents can buy Global X ETF Series II - Global X S&P Crude Oil Futures Enhanced ER ETF (3097) 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 3097 invest in?
Global X ETF Series II - Global X S&P Crude Oil Futures Enhanced ER ETF holds 2 securities. Its largest holdings are WTI CRUDE 1126 (96.8%) and Global X USD Money Market ETF (3.2%). The fund is domiciled in Hong Kong.
What is the expense ratio of 3097?
Global X ETF Series II - Global X S&P Crude Oil Futures Enhanced ER ETF has an expense ratio of 2.42% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$103.2M.
What tax do I pay in India when I sell 3097?
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 3097 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$9.67 a unit, size the order by the lot.