Singapore Exchange · ETF
Invest in G3B ETF from India
Indian and foreign residents can buy Amova Singapore STI ETF (G3B) units directly through Paasa.
By Paasa · Updated
G3B at a glance
- Price
- S$5.89-S$0.01 (0.19%)
- Expense ratio
- 0.24%
- Day range
- S$5.89 – S$5.93
- Assets
- S$1.9B
- Domicile
- Singapore
- Holdings
- —
- Launched
- 2009
- Dividends
- Distributing
- 1 month
- +0.24%
- 6 months
- +17.88%
- YTD
- +21.53%
- 1 year
- +33.35%
- 5 years
- +87.11%
Price change, excluding dividends.
Top 10 holdings
- 1DBS GROUP HOLDINGS LTD ORD NPV29.7%
- 2OVERSEA-CHINESE BANKING CORP LTD ORD SGD0.519.3%
- 3UNITED OVERSEAS BANK LTD9.8%
- 4SINGAPORE TELECOMMUNICATIONS LTD ORD NPV6.0%
- 5SINGAPORE EXCHANGE LIMITED3.5%
- 6SINGAPORE TECHNOLOGIES ENGINEERING LIMITED ORD NPV3.0%
- 7KEPPEL LTD ORD NPV3.0%
- 8CAPITALAND INTEGRATED COMMERCIAL TRUST REIT ORD NPV2.7%
- 9JARDINE MATHESON HOLDINGS LIMITED2.6%
- 10YANGZIJIANG SHIPBUILDING HOLDINGS LTD ORD NPV2.5%
These 10 are 81.9% of the fund.
Where the money is invested
Sectors
- Financial Services61.7%
- Industrials13.6%
- Real Estate13.0%
- Communication Services6.3%
- Consumer Defensive2.1%
- Utilities1.0%
Countries
- Singapore92.2%
- Bermuda4.6%
- China2.5%
- Thailand0.6%
- Hong Kong0.2%
How to invest in G3B 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 G3B and buy
Find the fund by its ticker, G3B, on the Singapore Exchange, and place your order.
Why invest in G3B from India
What G3B holds
The Fund's investment objective is to replicate as closely as possible, before expenses, the performance of the Straits Times Index (STI) or upon the Manager giving three (3) months' prior written notice to the Trustee and the Holders.
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 G3B from India?
Yes. Indian residents can buy Amova Singapore STI ETF (G3B) 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 G3B invest in?
Its largest holdings are DBS GROUP HOLDINGS LTD ORD NPV (29.7%), OVERSEA-CHINESE BANKING CORP LTD ORD SGD0.5 (19.3%) and UNITED OVERSEAS BANK LTD (9.8%). Financial Services is its largest sector at 61.7%. It is a distributing fund domiciled in Singapore.
What is the expense ratio of G3B?
Amova Singapore STI ETF has an expense ratio of 0.24% a year, taken from the fund's assets rather than billed to you. The fund manages about S$1.9B.
How are G3B dividends taxed in India?
Amova Singapore STI ETF 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 G3B?
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.