FWD Group Holdings Limited
FWD Group Holdings Limited (HKSE: 1828) is trading at HK$34.66, about ₹424 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, up 1.35% today. Indian residents can buy FWD Group from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$33.58
Today's high
HK$34.70
52 week low
HK$26.80
52 week high
HK$47.90
1828 opened at HK$33.60, closed previously at HK$34.20, and has traded between HK$26.80 and HK$47.90 over the past 52 weeks.
About
FWD Group Holdings Limited, together with its subsidiaries, provides life insurance products and services. The company operates through Hong Kong & Macau, Thailand & Cambodia, Japan, Emerging Markets, and Corporate and Others segments. It also offers accident and health insurance, and savings plans to customers, as well as distributes related investment and other financial service products. In addition, the company underwrites general insurance, as well as provides investment related products and services. The company was formerly known as PCGI Intermediate Holdings Limited and changed its name to FWD Group Holdings Limited in August 2021. The company was incorporated in 2013 and is based in Taikoo Shing, Hong Kong.
Key statistics
Avg. volume
562.68K
Market cap
HK$44.23B
P/E Ratio
5.17
Price-to-sales ratio
0.42
Enterprise value
$7.07B
Free cash flow yield
20.41%
Debt-to-equity ratio
0.49
Return on equity
6.07%
ROIC
9.95%
Beta
0.83
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
$4.81B
Earnings per share
$0.13
Free cash flow
$158.00M
Net profit margin
8.16%
Gross margin
100.00%
EBITDA
$1.63B
Revenue growth
20.83%
How to buy FWD Group from India
Indian residents can buy FWD Group shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for FWD Group and place an order
Find FWD Group by name or by its ticker, 1828, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. FWD Group trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your FWD Group position in HKD and INR. FWD Group pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in FWD Group from India
Trading and taxes when buying FWD Group from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneFWD Group does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy FWD Group stock?
Yes. FWD Group (1828) has been listed on the Hong Kong Stock Exchange since 2025, in the Insurance - Life industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one FWD Group share cost in rupees?
One FWD Group share is HK$34.66 — about ₹424 at an HKD/INR rate of 12.23 on 26 Sep 2026. Both the FWD Group price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying FWD Group from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of FWD Group?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on FWD Group shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the FWD Group price. Paasa issues a capital-gains statement for your return.
Does FWD Group pay a dividend?
No. FWD Group does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade FWD Group from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on FWD Group shares held from India?
Hong Kong has no estate duty.
Do I have to declare FWD Group shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your FWD Group holding, its cost and its closing value.
How do I sell FWD Group and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.