Euronext Amsterdam · UCITS ETF
Invest in CTEC ETF from India
Indian and foreign residents can buy iShares MSCI China Tech UCITS ETF (CTEC) units directly through Paasa.
By Paasa · Updated
CTEC at a glance
- Price
- $4.60+$0.01 (0.11%)
- Expense ratio
- 0.45%
- Day range
- $4.60 – $4.61
- Assets
- $1.7B
- Domicile
- Ireland
- Holdings
- 176
- Launched
- 2021
- Dividends
- —
- 1 month
- -6.86%
- 6 months
- -1.33%
- YTD
- -13.02%
- 1 year
- -22.02%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS7.8%
- 2NETEASE7.6%
- 3XIAOMI7.5%
- 4PDD HOLDINGS ADS6.9%
- 5ALIBABA GROUP HOLDING6.9%
- 6LENOVO GROUP5.6%
- 7JD.COM CLASS A4.4%
- 8BAIDU4.0%
- 9KUAISHOU TECHNOLOGY2.0%
- 10CONTEMPORARY AMPEREX TECHNOLOGY A1.9%
CTEC holds 176 securities in total. These 10 are 54.5% of the fund.
Where the money is invested
Countries
- China85.2%
- Hong Kong7.7%
- Ireland6.9%
- Other0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| CC1ULSEAmundi MSCI China Tech UCITS ETF USD | 0.55% | 246.0M |
Assets are shown in each fund's own reporting currency.
How to invest in CTEC 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 CTEC and buy
Find the fund by its ticker, CTEC, on Euronext Amsterdam, and place your order.
Why invest in CTEC from India
What CTEC holds
This fund's primary goal is to deliver investment returns to its investors. It achieves this by combining capital appreciation with income derived from its assets, aiming to closely mirror the performance of the MSCI China Technology Sub-Industries ESG Screened Select Capped Index.
Outside US estate tax
CTEC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
CTEC 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.
Why CTEC's UCITS structure matters for Indian investors
CTEC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy CTEC from India?
Yes. Indian residents can buy iShares MSCI China Tech UCITS ETF (CTEC) through Paasa. It is listed on Euronext Amsterdam 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 CTEC invest in?
iShares MSCI China Tech UCITS ETF holds 176 securities. Its largest holdings are TENCENT HOLDINGS (7.8%), NETEASE (7.6%) and XIAOMI (7.5%). The fund is domiciled in Ireland.
What is the expense ratio of CTEC?
iShares MSCI China Tech UCITS ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.7B.
Is CTEC a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI China Tech UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it. On the US shares the fund holds, the 15% US dividend withholding is paid inside the fund, and you cannot claim it as a Foreign Tax Credit in India.
What tax do I pay in India when I sell CTEC?
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.