Euronext Amsterdam · UCITS ETF
Invest in ICHN ETF from India
Indian and foreign residents can buy iShares MSCI China UCITS ETF (ICHN) units directly through Paasa.
By Paasa · Updated
ICHN at a glance
- Price
- $5.41+$0.06 (1.08%)
- Expense ratio
- 0.28%
- Day range
- $5.41 – $5.42
- Assets
- $2.5B
- Domicile
- Ireland
- Holdings
- 577
- Launched
- 2019
- Dividends
- —
- 1 month
- -5.01%
- 6 months
- -3.64%
- YTD
- -12.67%
- 1 year
- -17.97%
- 5 years
- -11.62%
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS14.1%
- 2ALIBABA GROUP HOLDING9.4%
- 3CHINA CONSTRUCTION BANK CORP H4.3%
- 4INDUSTRIAL AND COMMERCIAL BANK OF2.6%
- 5XIAOMI2.3%
- 6BANK OF CHINA LTD H2.1%
- 7MEITUAN1.9%
- 8NETEASE1.7%
- 9PING AN INSURANCE (GROUP) CO OF CH1.7%
- 10PDD HOLDINGS ADS1.7%
ICHN holds 577 securities in total. These 10 are 41.9% of the fund.
Where the money is invested
Sectors
- Consumer Cyclical22.9%
- Financial Services20.5%
- Communication Services15.6%
- Technology13.5%
- Healthcare6.2%
- Basic Materials5.8%
Countries
- China89.1%
- Hong Kong6.8%
- Ireland1.7%
- Singapore1.0%
- Switzerland0.9%
- Canada0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MCHINASDAQiShares MSCI China ETF | 0.59% | 6.1B |
| XCS6LSEXtrackers MSCI China UCITS ETF 1C | 0.65% | 1.9B |
| 2801HKSEiShares Core MSCI China ETF | 0.2% | 12.0B |
| XCS7LSEXtrackers MSCI China UCITS ETF 1D | 0.28% | 1.9B |
| HMCDLSEHSBC MSCI China UCITS ETF | 0.28% | 1.1B |
Assets are shown in each fund's own reporting currency.
How to invest in ICHN 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 ICHN and buy
Find the fund by its ticker, ICHN, on Euronext Amsterdam, and place your order.
Why invest in ICHN from India
What ICHN holds
The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the MSCI China Index.
Outside US estate tax
ICHN 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
ICHN 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 ICHN's UCITS structure matters for Indian investors
ICHN 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 ICHN from India?
Yes. Indian residents can buy iShares MSCI China UCITS ETF (ICHN) 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 ICHN invest in?
iShares MSCI China UCITS ETF holds 577 securities. Its largest holdings are TENCENT HOLDINGS (14.1%), ALIBABA GROUP HOLDING (9.4%) and CHINA CONSTRUCTION BANK CORP H (4.3%). Consumer Cyclical is its largest sector at 22.9%. The fund is domiciled in Ireland.
What is the expense ratio of ICHN?
iShares MSCI China UCITS ETF has an expense ratio of 0.28% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.5B.
Is ICHN a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares MSCI China 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 ICHN?
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.