Hong Kong Stock Exchange · ETF
Invest in 3115 ETF from India
Indian and foreign residents can buy iShares Core Hang Seng Index ETF (3115) units directly through Paasa.
By Paasa · Updated
3115 at a glance
- Price
- HK$90.58-HK$1.04 (1.14%)
- Expense ratio
- 0.09%
- Day range
- HK$89.88 – HK$91.62
- Assets
- HK$2.5B
- Domicile
- Hong Kong
- Holdings
- 95
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -4.15%
- 6 months
- +0.00%
- YTD
- -3.52%
- 1 year
- -5.96%
- 5 years
- +3.17%
Price change, excluding dividends.
Top 10 holdings
- 1ALIBABA GROUP HOLDING9988.HK8.1%
- 2TENCENT HOLDINGS0700.HK8.1%
- 3HSBC HOLDINGS PLCHSBA.L8.0%
- 4CHINA CONSTRUCTION BANK CORP H0939.HK5.6%
- 5AIA GROUP1299.HK4.7%
- 6INDUSTRIAL AND COMMERCIAL BANK OF1398.HK3.8%
- 7CHINA MOBILE LTD0941.HK2.9%
- 8XIAOMI1810.HK2.9%
- 9HONG KONG EXCHANGES AND CLEARING0388.HK2.6%
- 10BANK OF CHINA LTD H3988.HK2.6%
3115 holds 95 securities in total. These 10 are 49.2% of the fund.
Where the money is invested
Sectors
- Financial Services34.4%
- Consumer Cyclical17.9%
- Communication Services14.5%
- Technology6.5%
- Healthcare5.9%
- Energy5.2%
Countries
- China61.4%
- Hong Kong27.9%
- United Kingdom8.2%
- Switzerland1.6%
- Singapore0.7%
- Macao0.2%
How to invest in 3115 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 3115 and buy
Find the fund by its ticker, 3115, 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 3115 from India
What 3115 holds
Managed by BlackRock Asset Management North Asia Limited, this exchange-traded fund (ETF) provides exposure to the public equity markets of Hong Kong. Its portfolio includes shares from companies operating across a wide range of sectors and encompasses businesses of all market capitalizations.
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 3115 from India?
Yes. Indian residents can buy iShares Core Hang Seng Index ETF (3115) 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 3115 invest in?
iShares Core Hang Seng Index ETF holds 95 securities. Its largest holdings are ALIBABA GROUP HOLDING (8.1%), TENCENT HOLDINGS (8.1%) and HSBC HOLDINGS PLC (8.0%). Financial Services is its largest sector at 34.4%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 3115?
iShares Core Hang Seng Index ETF has an expense ratio of 0.09% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$2.5B.
How are 3115 dividends taxed in India?
iShares Core Hang Seng Index 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 3115?
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 3115 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$90.58 a unit, size the order by the lot.