London Stock Exchange ETF segment · ETF
Invest in CNKY ETF from India
Indian and foreign residents can buy iShares VII PLC - iShares Nikkei 225 ETF (CNKY) units directly through Paasa.
By Paasa · Updated
CNKY at a glance
- Price
- £330.45+£5.15 (1.58%)
- Expense ratio
- 0.48%
- Day range
- £330.10 – £331.95
- Assets
- £500.3M
- Domicile
- Ireland
- Holdings
- 225
- Launched
- 2010
- Dividends
- Accumulating
- 1 month
- +5.52%
- 6 months
- +33.43%
- YTD
- +35.29%
- 1 year
- +43.81%
- 5 years
- +74.68%
Price change, excluding dividends.
Top 10 holdings
- 1ADVANTEST12.3%
- 2TOKYO ELECTRON8.6%
- 3FAST RETAILING8.3%
- 4SOFTBANK GROUP7.6%
- 5RECRUIT HOLDINGS LTD2.5%
- 6IBIDEN LTD2.3%
- 7TDK2.2%
- 8KIOXIA HOLDINGS1.9%
- 9KDDI1.8%
- 10FUJIKURA1.5%
CNKY holds 225 securities in total. These 10 are 48.9% of the fund.
Where the money is invested
Sectors
- Technology35.0%
- Industrials17.7%
- Consumer Cyclical16.0%
- Communication Services13.1%
- Healthcare6.2%
- Basic Materials3.9%
Countries
- Japan99.5%
- Other0.5%
How to invest in CNKY 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 CNKY and buy
Find the fund by its ticker, CNKY, on the London Stock Exchange ETF segment, and place your order.
Why invest in CNKY from India
What CNKY holds
This investment vehicle aims to replicate the performance of an index comprising the 225 most actively traded Japanese companies listed on the Tokyo Stock Exchange's prime section. Effective January 8, 2018, the benchmark index modified its calculation method, transitioning from a pure price return series to a total return series that considers net-of-tax distributions.
Dividends reinvested for you
Dividends from CNKY'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.
Frequently asked questions
Can I buy CNKY from India?
Yes. Indian residents can buy iShares VII PLC - iShares Nikkei 225 ETF (CNKY) 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 CNKY invest in?
iShares VII PLC - iShares Nikkei 225 ETF holds 225 securities. Its largest holdings are ADVANTEST (12.3%), TOKYO ELECTRON (8.6%) and FAST RETAILING (8.3%). Technology is its largest sector at 35.0%. It is an accumulating fund domiciled in Ireland.
What is the expense ratio of CNKY?
iShares VII PLC - iShares Nikkei 225 ETF has an expense ratio of 0.48% a year, taken from the fund's assets rather than billed to you. The fund manages about £500.3M.
Does CNKY pay dividends?
No. iShares VII PLC - iShares Nikkei 225 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 CNKY?
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.