Singapore Exchange · ETF
Invest in YLD ETF from India
Indian and foreign residents can buy Lion-OCBC Securities APAC Financials Dividend Plus ETF (YLD) units directly through Paasa.
By Paasa · Updated
YLD at a glance
- Price
- S$1.59+S$0.01 (0.63%)
- Expense ratio
- 1.02%
- Day range
- S$1.58 – S$1.62
- Assets
- S$149.4M
- Domicile
- Singapore
- Holdings
- —
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- +1.34%
- 6 months
- +14.46%
- YTD
- +19.62%
- 1 year
- +28.31%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1OVERSEA-CHINESE BANKING CORP LTD ORD SGD0.5O39.SI9.1%
- 2DBS GROUP HOLDINGS LTD ORD NPVD05.SI8.5%
- 3KB FINANCIAL GROUP INC ORD KRW5000105560.KS7.5%
- 4UNITED OVERSEAS BANK LTDU11.SI6.3%
- 5SHINHAN FINANCIAL GROUP COMPANY LIMITED055550.KS5.9%
- 6NOMURA HLDGS INC8604.T5.2%
- 7SUMITOMO MITSUI TRUST GROUP ORD NPV8309.T5.2%
- 8MALAYAN BANKING BHD ORD MYR11155.KL4.6%
- 9HANA FINANCIAL HOLDINGS ORD NPV086790.KS4.5%
- 10HSBC HLDGS PLC0005.HK3.8%
These 10 are 60.5% of the fund.
Where the money is invested
Countries
- Singapore23.9%
- Korea (the Republic of)20.9%
- Australia16.7%
- China14.6%
- Japan10.4%
- Malaysia4.6%
How to invest in YLD 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 YLD and buy
Find the fund by its ticker, YLD, on the Singapore Exchange, and place your order.
Why invest in YLD from India
What YLD holds
The primary goal of this Fund is to track the performance of the iEdge APAC Financials Dividend Plus Index with the utmost precision, before any fees are accounted for. It accomplishes this by directly acquiring nearly all, or every single one, of the constituent securities of the aforementioned 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 YLD from India?
Yes. Indian residents can buy Lion-OCBC Securities APAC Financials Dividend Plus ETF (YLD) 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 does YLD invest in?
Its largest holdings are OVERSEA-CHINESE BANKING CORP LTD ORD SGD0.5 (9.1%), DBS GROUP HOLDINGS LTD ORD NPV (8.5%) and KB FINANCIAL GROUP INC ORD KRW5000 (7.5%). It is a distributing fund domiciled in Singapore.
What is the expense ratio of YLD?
Lion-OCBC Securities APAC Financials Dividend Plus ETF has an expense ratio of 1.02% a year, taken from the fund's assets rather than billed to you. The fund manages about S$149.4M.
How are YLD dividends taxed in India?
Lion-OCBC Securities APAC Financials Dividend Plus ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Singapore levies 0% withholding tax on dividends from resident companies. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell YLD?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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.