Singapore Exchange · ETF
Invest in QL3 ETF from India
Indian and foreign residents can buy iShares Asia High Yield Bond Index ETF (QL3) units directly through Paasa.
By Paasa · Updated
QL3 at a glance
- Price
- S$8.40+S$0.04 (0.48%)
- Expense ratio
- —
- Day range
- S$8.34 – S$8.42
- Assets
- —
- Domicile
- Singapore
- Holdings
- —
- Launched
- —
- Dividends
- —
- 1 month
- +0.36%
- 6 months
- -1.64%
- YTD
- -2.55%
- 1 year
- -5.19%
- 5 years
- -29.35%
Price change, excluding dividends.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| O9PSESiShares USD Asia High Yield Bond Index ETF | — | — |
Assets are shown in each fund's own reporting currency.
How to invest in QL3 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 QL3 and buy
Find the fund by its ticker, QL3, on the Singapore Exchange, and place your order.
Why invest in QL3 from India
What QL3 holds
The investment objective of the USD Asia High Yield Bond ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the BAHY Index in US dollar terms. There can be no assurance that the USD Asia High Yield Bond ETF will achieve its investment objective.
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 QL3 from India?
Yes. Indian residents can buy iShares Asia High Yield Bond Index ETF (QL3) 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 QL3?
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.