Singapore Exchange · Consumer Cyclical
Invest in Zhongmin Baihui Retail stock from India
Indian and foreign residents can buy Zhongmin Baihui Retail (5SR) shares directly through Paasa.
By Paasa · Updated
Zhongmin Baihui Retail at a glance
- Price
- S$0.35+S$0.00 (0.00%)
- Market cap
- S$67.07M
- Day range
- S$0.27 – S$0.42
- P/E
- —
- Dividend yield
- —
- Volume
- 30.00K
- 1 month
- -16.67%
- 6 months
- -17.65%
- YTD
- -32.69%
- 1 year
- -24.73%
- 5 years
- -49.28%
How to invest in Zhongmin Baihui Retail 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 5SR and buy
Find Zhongmin Baihui Retail by name or by its ticker, 5SR, and place your order.
Why invest in Zhongmin Baihui Retail from India
What Zhongmin Baihui Retail does
Zhongmin Baihui Retail Group Ltd., an investment holding company, owns, operates, and manages a chain of department stores and supermarkets in the People's Republic of China. The company operates 18 stores under the Zhongmin Baihui brand. Zhongmin Baihui Retail operates in the Department Stores industry within the Consumer Cyclical 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 Zhongmin Baihui Retail stock from India?
Yes. Indian residents and NRIs can buy Zhongmin Baihui Retail (5SR) shares directly through Paasa. Zhongmin Baihui Retail is listed on the Singapore Exchange, in the Department Stores 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 Zhongmin Baihui Retail dividends taxed for Indian investors?
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, which is what you need when you file.
What tax do I pay in India when I sell Zhongmin Baihui Retail 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.
Would my heirs owe estate tax on Zhongmin Baihui Retail shares?
Singapore imposes no estate or inheritance tax on listed securities. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.