Singapore Exchange · ETF
Invest in CFA ETF from India
Indian and foreign residents can buy Amova-StraitsTrading Asia ex Japan REIT Index ETF - Class (CFA) units directly through Paasa.
By Paasa · Updated
CFA at a glance
- Price
- S$0.75+S$0.00 (0.40%)
- Expense ratio
- 0.55%
- Day range
- S$0.75 – S$0.75
- Assets
- S$726.9M
- Domicile
- Singapore
- Holdings
- —
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- -4.33%
- 6 months
- -4.57%
- YTD
- -9.63%
- 1 year
- -9.74%
- 5 years
- -32.95%
Price change, excluding dividends.
Top 10 holdings
- 1LINK REIT9.9%
- 2CAPITALAND ASCENDAS REIT9.8%
- 3CAPITALAND INTEGRATED COMMERCIAL TRUST REIT ORD NPV9.8%
- 4EMBASSY OFFICE PARKS REIT5.4%
- 5KEPPEL DC REIT ORD NPV5.0%
- 6MAPLETREE INDUSTRIAL TRUST REIT NPV4.2%
- 7MAPLETREE LOGISTICS TRUST REIT NPV4.0%
- 8SUNTEC REIT3.1%
- 9MAPLETREE PAN ASIA COMMERCIAL TRUST REIT NPV3.0%
- 10KEPPEL REIT NPV2.9%
These 10 are 57.2% of the fund.
Where the money is invested
Countries
- Singapore63.3%
- Hong Kong12.7%
- India10.1%
- Malaysia5.4%
- South Korea2.9%
- Thailand2.7%
How to invest in CFA 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 SGD when you buy.
Step 3
Search CFA and buy
Find the fund by its ticker, CFA, on the Singapore Exchange, and place your order.
Why invest in CFA from India
What CFA holds
The Fund's primary goal is to meticulously track the performance of the FTSE EPRA Nareit Asia ex Japan REITS 10% Capped Index, gross of all associated costs. However, the Manager reserves the right to substitute this benchmark with an alternative index, provided three months' prior written notice is given to both the Trustee and the unitholders, and the Manager considers the new index to offer equivalent or substantially similar market exposure.
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 CFA from India?
Yes. Indian residents can buy Amova-StraitsTrading Asia ex Japan REIT Index ETF - Class (CFA) through Paasa. It is listed on the Singapore Exchange and trades in SGD. 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 CFA invest in?
Its largest holdings are LINK REIT (9.9%), CAPITALAND ASCENDAS REIT (9.8%) and CAPITALAND INTEGRATED COMMERCIAL TRUST REIT ORD NPV (9.8%). It is a distributing fund domiciled in Singapore.
What is the expense ratio of CFA?
Amova-StraitsTrading Asia ex Japan REIT Index ETF - Class has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about S$726.9M.
How are CFA dividends taxed in India?
Amova-StraitsTrading Asia ex Japan REIT Index ETF - Class is a distributing fund. It pays the dividends from its holdings out to you in cash. Singapore levies 0% withholding tax on dividends from resident companies. 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 CFA?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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 SGD/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.