London Stock Exchange ETF segment · UCITS ETF
Invest in CHTE ETF from India
Indian and foreign residents can buy UBS Solactive China Technology UCITS ETF (CHTE) units directly through Paasa.
By Paasa · Updated
CHTE at a glance
- Price
- £5.09-£0.01 (0.16%)
- Expense ratio
- 0.47%
- Day range
- £5.05 – £5.17
- Assets
- £258.7M
- Domicile
- Luxembourg
- Holdings
- 99
- Launched
- 2021
- Dividends
- Accumulating
- 1 month
- -3.76%
- 6 months
- -12.27%
- YTD
- -19.10%
- 1 year
- -31.10%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1ALIBABA GROUP HOLDING LTD11.0%
- 2TENCENT HOLDINGS LTD9.9%
- 3XIAOMI CORP-CLASS B8.3%
- 4MEITUAN-CLASS B7.4%
- 5NETEASE INC6.0%
- 6BYD CO LTD-H5.5%
- 7WUXI BIOLOGICS CAYMAN INC3.6%
- 8BAIDU INC-CLASS A-HKD3.5%
- 9INNOVENT BIOLOGICS INC2.9%
- 10CONTEMPORARY AMPEREX TECHN-H1.8%
CHTE holds 99 securities in total. These 10 are 60.0% of the fund.
Where the money is invested
Sectors
- Technology29.9%
- Consumer Cyclical28.0%
- Communication Services22.1%
- Healthcare14.8%
- Industrials4.6%
- Financial Services0.6%
Countries
- China99.1%
- Hong Kong0.9%
- Other0.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CQQQSIXUBS Solactive China Technology UCITS ETF USD acc | 0.47% | 343.2M |
| UIC2XETRAUBS Solactive China Technology UCITS ETF USD acc | 0.47% | 302.8M |
Assets are shown in each fund's own reporting currency.
How to invest in CHTE 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 GBP when you buy.
Step 3
Search CHTE and buy
Find the fund by its ticker, CHTE, on the London Stock Exchange ETF segment, and place your order.
Why invest in CHTE from India
What CHTE holds
This fund primarily allocates its capital to mirror the performance of the Solactive China Technology Index USD. The individual company holdings within the portfolio are weighted proportionally to their representation in that index.
Outside US estate tax
CHTE is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Dividends reinvested for you
Dividends from CHTE's holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
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.
Why CHTE's UCITS structure matters for Indian investors
CHTE is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy CHTE from India?
Yes. Indian residents can buy UBS Solactive China Technology UCITS ETF (CHTE) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. 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 CHTE invest in?
UBS Solactive China Technology UCITS ETF holds 99 securities. Its largest holdings are ALIBABA GROUP HOLDING LTD (11.0%), TENCENT HOLDINGS LTD (9.9%) and XIAOMI CORP-CLASS B (8.3%). Technology is its largest sector at 29.9%. It is an accumulating fund domiciled in Luxembourg.
What is the expense ratio of CHTE?
UBS Solactive China Technology UCITS ETF has an expense ratio of 0.47% a year, taken from the fund's assets rather than billed to you. The fund manages about £258.7M.
Is CHTE a UCITS ETF, and why does that matter for Indian investors?
Yes. UBS Solactive China Technology UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
Does CHTE pay dividends?
No. UBS Solactive China Technology UCITS ETF is an accumulating fund. Dividends from its holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
What tax do I pay in India when I sell CHTE?
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 GBP/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.