Singapore Exchange · ETF
Invest in I98 ETF from India
Indian and foreign residents can buy iShares MSCI India ETF (I98) units directly through Paasa.
By Paasa · Updated
I98 at a glance
- Price
- $13.17+$0.00 (0.00%)
- Expense ratio
- 0.66%
- Day range
- $13.17 – $13.17
- Assets
- $48.8M
- Domicile
- Singapore
- Holdings
- —
- Launched
- 2008
- Dividends
- —
- 1 month
- +10.39%
- 6 months
- +8.48%
- YTD
- -6.46%
- 1 year
- -6.99%
- 5 years
- +3.70%
Price change, excluding dividends.
Where the money is invested
Sectors
- Financial Services31.3%
- Consumer Cyclical13.0%
- Basic Materials8.9%
- Industrials8.0%
- Energy7.9%
- Technology7.9%
Countries
- India100.0%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| NDIALSEiShares MSCI India UCITS ETF | 0.65% | 5.5B |
Assets are shown in each fund's own reporting currency.
How to invest in I98 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 I98 and buy
Find the fund by its ticker, I98, on the Singapore Exchange, and place your order.
Why invest in I98 from India
What I98 holds
iShares MSCI India Climate Transition ETF engages in providing investment results that closely correspond to the performance of the MSCI India Index before fees and expenses. The company was founded on June 15, 2006 and is headquartered in Singapore.
Hold a dollar asset
I98 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.
Frequently asked questions
Can I buy I98 from India?
Yes. Indian residents can buy iShares MSCI India ETF (I98) through Paasa. It is listed on the Singapore Exchange 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 is the expense ratio of I98?
iShares MSCI India ETF has an expense ratio of 0.66% a year, taken from the fund's assets rather than billed to you. The fund manages about $48.8M.
What tax do I pay in India when I sell I98?
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 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.