NYSE Arca · ETF
Invest in ECNS ETF from India
Indian and foreign residents can buy iShares MSCI China Small- ETF (ECNS) units directly through Paasa.
By Paasa · Updated
ECNS at a glance
- Price
- $27.52-$0.06 (0.22%)
- Expense ratio
- 0.59%
- Day range
- $27.52 – $27.52
- Assets
- $63.0M
- Domicile
- the US
- Holdings
- 250
- Launched
- 2010
- Dividends
- Accumulating
- 1 month
- -6.44%
- 6 months
- -15.98%
- YTD
- -15.98%
- 1 year
- -28.35%
- 5 years
- -44.69%
Price change, excluding dividends.
Top 10 holdings
- 1ZAI LAB LTD9688.HK1.8%
- 2KINGDEE INT L SOFTWARE GROUP LTD0268.HK1.7%
- 3CHINA RUYI HOLDINGS0136.HK1.5%
- 4TCL ELECTRONICS HOLDINGS LTD1070.HK1.4%
- 5GCL TECHNOLOGY HOLDINGS3800.HK1.4%
- 6MINTH GROUP0425.HK1.4%
- 7CHINA EVERBRIGHT ENVIRONMENT GROUP0257.HK1.4%
- 8DONGYUE GROUP LTD0189.HK1.4%
- 9ATOUR LIFESTYLE HOLDINGS AMERICANATAT1.3%
- 10LINGBAO GOLD GROUP LTD H3330.HK1.3%
ECNS holds 250 securities in total. These 10 are 14.6% of the fund.
Where the money is invested
Sectors
- Healthcare21.2%
- Technology15.5%
- Industrials13.2%
- Communication Services9.6%
- Basic Materials9.4%
- Consumer Cyclical9.4%
Countries
- China70.2%
- Hong Kong25.3%
- Taiwan1.8%
- Singapore1.6%
- United States0.7%
- Other0.4%
How to invest in ECNS 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 ECNS and buy
Find the fund by its ticker, ECNS, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in ECNS from India
What ECNS holds
iShares Trust - iShares MSCI China Small-Cap ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of China.
Dividends reinvested for you
Dividends from ECNS' holdings are reinvested inside the fund, so nothing is paid out to you and there is no dividend to declare in India.
Hold a dollar asset
ECNS 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.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one ECNS unit. There is no minimum trade size.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy ECNS from India?
Yes. Indian residents can buy iShares MSCI China Small- ETF (ECNS) through Paasa. It is listed on NYSE Arca 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 ECNS invest in?
iShares MSCI China Small- ETF holds 250 securities. Its largest holdings are ZAI LAB LTD (1.8%), KINGDEE INT L SOFTWARE GROUP LTD (1.7%) and CHINA RUYI HOLDINGS (1.5%). Healthcare is its largest sector at 21.2%. It is an accumulating fund domiciled in the US.
What is the expense ratio of ECNS?
iShares MSCI China Small- ETF has an expense ratio of 0.59% a year, taken from the fund's assets rather than billed to you. The fund manages about $63.0M.
Does ECNS pay dividends?
No. iShares MSCI China Small- 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 ECNS?
The US does not levy capital gains tax on shares for Indian residents. 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 fraction of one ECNS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $27.52, and there is no minimum trade size.
What happens to my ECNS units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.