Hong Kong Stock Exchange · ETF
Invest in 3160 ETF from India
Indian and foreign residents can buy ChinaAMC MSCI Japan to ETF (3160) units directly through Paasa.
By Paasa · Updated
3160 at a glance
- Price
- HK$33.48+HK$0.66 (2.01%)
- Expense ratio
- 0.5%
- Day range
- HK$33.32 – HK$33.48
- Assets
- HK$3.6B
- Domicile
- Hong Kong
- Holdings
- —
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- +0.54%
- 6 months
- +19.23%
- YTD
- +26.24%
- 1 year
- +38.12%
- 5 years
- +138.63%
Price change, excluding dividends.
Top 10 holdings
- 1Others69.5%
- 2MITSUBISHI UFJ FINANCIAL GRO4.7%
- 3TOYOTA MOTOR CORP3.3%
- 4TOKYO ELECTRON LTD3.1%
- 5ADVANTEST CORP3.0%
- 6SUMITOMO MITSUI FINANCIAL GR3.0%
- 7HITACHI LTD2.9%
- 8SOFTBANK CORP2.7%
- 9RECRUIT HOLDINGS CO LTD2.7%
- 10SONY CORP2.6%
These 10 are 97.5% of the fund.
Where the money is invested
Sectors
- Industrials23.1%
- Technology16.4%
- Consumer Cyclical14.7%
- Financial Services12.1%
- Healthcare9.4%
- Communication Services8.1%
Countries
- Other69.9%
- Japan30.1%
How to invest in 3160 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 3160 and buy
Find the fund by its ticker, 3160, 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 3160 from India
What 3160 holds
This ETF, the BMO MSCI Japan Hedged to USD ETF, aims to achieve investment returns that closely parallel the performance of the MSCI Japan 100% Hedged to USD Index, prior to the deduction of any associated fees and costs.
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 3160 from India?
Yes. Indian residents can buy ChinaAMC MSCI Japan to ETF (3160) 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 3160 invest in?
Its largest holdings are Others (69.5%), MITSUBISHI UFJ FINANCIAL GRO (4.7%) and TOYOTA MOTOR CORP (3.3%). Industrials is its largest sector at 23.1%. It is a distributing fund domiciled in Hong Kong.
What is the expense ratio of 3160?
ChinaAMC MSCI Japan to ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about HK$3.6B.
How are 3160 dividends taxed in India?
ChinaAMC MSCI Japan to 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 3160?
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 3160 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$33.48 a unit, size the order by the lot.