Singapore Exchange · ETF
Invest in MBH ETF from India
Indian and foreign residents can buy Amova Investment Grade Corporate Bond Index ETF (MBH) units directly through Paasa.
By Paasa · Updated
MBH at a glance
- Price
- S$0.99-S$0.00 (0.10%)
- Expense ratio
- —
- Day range
- S$0.99 – S$0.99
- Assets
- —
- Domicile
- Singapore
- Holdings
- —
- Launched
- —
- Dividends
- —
- 1 month
- +0.82%
- 6 months
- -2.08%
- YTD
- -3.04%
- 1 year
- -3.98%
- 5 years
- -3.98%
Price change, excluding dividends.
How to invest in MBH 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 MBH and buy
Find the fund by its ticker, MBH, on the Singapore Exchange, and place your order.
Why invest in MBH from India
What MBH holds
The investment objective of the Fund is to provide investors with investment returns that correspond closely to the total return of the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index (the Index),
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 MBH from India?
Yes. Indian residents can buy Amova Investment Grade Corporate Bond Index ETF (MBH) 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 MBH?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is 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.