London Stock Exchange ETF segment · UCITS ETF
Invest in MCHT ETF from India
Indian and foreign residents can buy Invesco MSCI China Technology All Shares Stock Connect UCITS ETF (MCHT) units directly through Paasa.
By Paasa · Updated
MCHT at a glance
- Price
- $27.80-$0.41 (1.46%)
- Expense ratio
- 0.49%
- Day range
- $27.80 – $27.96
- Assets
- $150.5M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- -8.69%
- 6 months
- -7.10%
- YTD
- -15.26%
- 1 year
- -22.79%
- 5 years
- -26.63%
Price change, excluding dividends.
Top 10 holdings
- 1TENCENT HOLDINGS LTD HKD0.0000211.3%
- 2ALIBABA GROUP HOLDING LTD HKD 0.00009.6%
- 3XIAOMI CORP-CLASS B USD0.00000256.7%
- 4CONTEMPORARY AMPEREX TECHN-A CNY 1.00006.6%
- 5JD.COM INC - CL A HKD 0.00003.6%
- 6LENOVO GROUP LTD NPV3.4%
- 7CAMBRICON TECHNOLOGIES-A CNY 1.00003.4%
- 8CHINA YANGTZE POWER CO LTD-A CNY 1.00003.3%
- 9FOXCONN INDUSTRIAL INTERNE-A CNY 1.00003.1%
- 10BAIDU INC-CLASS A HKD 0.00002.5%
These 10 are 53.5% of the fund.
Where the money is invested
Countries
- China93.7%
- Hong Kong5.0%
- Singapore1.2%
- Other0.1%
How to invest in MCHT 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 MCHT and buy
Find the fund by its ticker, MCHT, on the London Stock Exchange ETF segment, and place your order.
Why invest in MCHT from India
What MCHT holds
This Invesco ETF (Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc) aims to replicate the net total return of its benchmark, the MSCI China Technology All Shares Stock Connect Select Index (referred to as the "Reference Index"), after accounting for management fees. The Reference Index is designed to capture the performance of Chinese enterprises that generate a substantial portion of their income from technological innovations across various sectors.
Outside US estate tax
MCHT 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
MCHT 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 MCHT's UCITS structure matters for Indian investors
MCHT 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 MCHT from India?
Yes. Indian residents can buy Invesco MSCI China Technology All Shares Stock Connect UCITS ETF (MCHT) through Paasa. It is listed on the London Stock Exchange ETF segment 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 MCHT invest in?
Its largest holdings are TENCENT HOLDINGS LTD HKD0.00002 (11.3%), ALIBABA GROUP HOLDING LTD HKD 0.0000 (9.6%) and XIAOMI CORP-CLASS B USD0.0000025 (6.7%). The fund is domiciled in Ireland.
What is the expense ratio of MCHT?
Invesco MSCI China Technology All Shares Stock Connect UCITS ETF has an expense ratio of 0.49% a year, taken from the fund's assets rather than billed to you. The fund manages about $150.5M.
Is MCHT a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco MSCI China Technology All Shares Stock Connect 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 MCHT?
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.