PPFAS has received regulatory approval to launch two new passive outbound funds from GIFT City — the Parag Parikh IFSC S&P 500 Fund of Fund and the Parag Parikh IFSC Nasdaq 100 Fund of Fund — giving Indian investors simplified access to U.S. equities. Both schemes will invest in UCITS-compliant index funds tracking the S&P 500 and Nasdaq 100, following a fully passive strategy. Designed for Indian individuals, corporates, trusts, and partnership firms, the funds are benchmarked to the S&P 500 Net TRI and Nasdaq 100 Notional Net TRI, respectively. Advertisement

Each unit is priced at US$100, with daily NAV calculation, no lock-in, and no exit load. The funds offer two classes: Class A (Direct) with a minimum investment of US$5,000 and a 0.30% TER, and Class B (Regular) with the same minim

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