Singapore Exchange · UCITS ETF
Invest in TID ETF from India
Indian and foreign residents can buy Xtrackers MSCI China UCITS ETF (TID) units directly through Paasa.
By Paasa · Updated
TID at a glance
- Price
- S$21.56-S$0.30 (1.37%)
- Expense ratio
- —
- Day range
- S$21.56 – S$21.71
- Assets
- —
- Domicile
- Luxembourg
- Holdings
- —
- Launched
- —
- Dividends
- —
- 1 month
- -3.96%
- 6 months
- -13.31%
- YTD
- -17.39%
- 1 year
- -22.81%
- 5 years
- -24.96%
Price change, excluding dividends.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| MCHINASDAQiShares MSCI China ETF | 0.59% | 5.8B |
| ICHNAMSiShares MSCI China UCITS ETF | 0.28% | 2.5B |
| XCS7LSEXtrackers MSCI China UCITS ETF 1D | 0.28% | 1.7B |
| 2801HKSEiShares Core MSCI China ETF | 0.2% | 11.9B |
| LCCNLSEAmundi MSCI China UCITS ETF Acc | 0.29% | 627.7M |
Assets are shown in each fund's own reporting currency.
How to invest in TID 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 TID and buy
Find the fund by its ticker, TID, on the Singapore Exchange, and place your order.
Why invest in TID from India
What TID holds
The aim is for your investment to reflect the performance of the MSCI China TRN Index (the Reference Index) which is designed to reflect the performance of the shares of certain companies in or connected to China.
Outside US estate tax
TID is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
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 TID's UCITS structure matters for Indian investors
TID is domiciled in Luxembourg, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy TID from India?
Yes. Indian residents can buy Xtrackers MSCI China UCITS ETF (TID) 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.
Is TID a UCITS ETF, and why does that matter for Indian investors?
Yes. Xtrackers MSCI China UCITS ETF is a UCITS fund domiciled in Luxembourg. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
What tax do I pay in India when I sell TID?
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 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.