Hong Kong Stock Exchange · ETF
Invest in 9011 ETF from India
Indian and foreign residents can buy ICBC CICC Money Market ETF (9011) units directly through Paasa.
By Paasa · Updated
9011 at a glance
- Price
- $1,248.25-$0.45 (0.04%)
- Expense ratio
- 0.24%
- Day range
- $1,248.20 – $1,248.60
- Assets
- $889.6M
- Domicile
- Hong Kong
- Holdings
- —
- Launched
- 2019
- Dividends
- —
- 1 month
- +0.26%
- 6 months
- +1.86%
- YTD
- +2.74%
- 1 year
- +3.85%
- 5 years
- +21.31%
Price change, excluding dividends.
Top 10 holdings
- 1Others11.4%
- 2USD Time Deposit 4.1% 09/23/20264.8%
- 3USD Time Deposit 3.9% 09/10/20264.8%
- 4USD Time Deposit 3.87% 08/31/20264.7%
- 5MQGAU Float 01/29/20274.7%
- 6USD Time Deposit 4.22% 10/09/20263.0%
- 7KNFP Float 12/04/20262.9%
- 8GFGCHK Float 12/18/20262.9%
- 9ISPIM 4.1% 01/11/20272.9%
- 10USD Time Deposit 4.2% 10/13/20262.9%
These 10 are 45.0% of the fund.
How to invest in 9011 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.
Step 3
Search 9011 and buy
Find the fund by its ticker, 9011, 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 9011 from India
What 9011 holds
The Sub-Fund's objective is to invest in short-term deposits and high quality money market investments. The Sub-Fund seeks to achieve a return in US Dollars in line with prevailing money market rates, with primary considerations of both capital preservation and liquidity.
Hold a dollar asset
9011 is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 9011 from India?
Yes. Indian residents can buy ICBC CICC Money Market ETF (9011) through Paasa. It is listed on the Hong Kong Stock Exchange and trades in US dollars. 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 9011 invest in?
Its largest holdings are Others (11.4%), USD Time Deposit 4.1% 09/23/2026 (4.8%) and USD Time Deposit 3.9% 09/10/2026 (4.8%). The fund is domiciled in Hong Kong.
What is the expense ratio of 9011?
ICBC CICC Money Market ETF has an expense ratio of 0.24% a year, taken from the fund's assets rather than billed to you. The fund manages about $889.6M.
What tax do I pay in India when I sell 9011?
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 USD/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 9011 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 $1,248.25 a unit, size the order by the lot.