Singapore Exchange · ETF
Invest in GAB ETF from India
Indian and foreign residents can buy Amova STI ETF (GAB) units directly through Paasa.
By Paasa · Updated
GAB at a glance
- Price
- S$5.08+S$0.02 (0.47%)
- Expense ratio
- —
- Day range
- S$5.03 – S$5.10
- Assets
- —
- Domicile
- Singapore
- Holdings
- —
- Launched
- —
- Dividends
- —
- 1 month
- -2.42%
- 6 months
- +8.17%
- YTD
- +17.14%
- 1 year
- +20.76%
- 5 years
- —
Price change, excluding dividends.
How to invest in GAB 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 GAB and buy
Find the fund by its ticker, GAB, on the Singapore Exchange, and place your order.
Why invest in GAB from India
What GAB 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 GAB from India?
Yes. Indian residents can buy Amova STI ETF (GAB) 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 tax do I pay in India when I sell GAB?
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.