Singapore Exchange · Technology
Invest in Montage Technology stock from India
Indian and foreign residents can buy Montage Technology (HMED) shares directly through Paasa.
By Paasa · Updated
Montage Technology at a glance
- Price
- S$1.07+S$0.03 (2.88%)
- Market cap
- S$81.08M
- Day range
- S$1.05 – S$1.07
- P/E
- —
- Dividend yield
- —
- Volume
- 80.00K
How to invest in Montage Technology 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 HMED and buy
Find Montage Technology by name or by its ticker, HMED, and place your order.
Why invest in Montage Technology from India
What Montage Technology does
Montage Technology Co., Ltd., an integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People's Republic of China. The company provides components for memory modules, such as multiplexed rank registering clock driver, multiplexed rank data buffer, registering clock driver, data buffer, clock driver, SPD EEPROM with hub, temperature sensor, and power management IC, as well as server and client memory module products. Montage Technology operates in the Semiconductors industry within the Technology sector.
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 Montage Technology stock from India?
Yes. Indian residents and NRIs can buy Montage Technology (HMED) shares directly through Paasa. Montage Technology is listed on the Singapore Exchange, in the Semiconductors industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Montage Technology dividends taxed for Indian investors?
Montage Technology trades on the Singapore Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Singapore. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Montage Technology shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares 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.