Through these funds, investors can gain access to US equities. (Photo: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Financial services provider Parag Parikh Financial Advisory Services (PPFAS) has received regulatory approval to launch two new passive outbound funds from GIFT City. These are the S&P 500 Fund of Fund (FoF) and the Nasdaq 100 Fund of Fund. These new funds will give Indian investors easy access to shares of top US companies like Meta and Netflix.

Both funds follow a fully passive strategy. They invest in UCITS-compliant index funds tracking the S&P 500 and Nasdaq 100. The S&P 500 Fund is benchmarked to the S&P 500 Net TRI. The Nasdaq 100 Fund follows the Nasdaq 100 Notional Net TRI, according to the fund house.

Each unit has been priced at $100

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