PPFAS GIFT Launches Two Outbound Passive Retail Funds; NFO Open Till March 16

• PPFAS GIFT has launched two new outbound passive retail schemes: Parag Parikh IFSC S&P 500 Fund of Fund and Parag Parikh IFSC Nasdaq 100 Fund of Fund.
• The New Fund Offer (NFO) for both schemes opened on February 23 and will close on March 16.
• The funds track the S&P 500 Index and Nasdaq-100 Index, offering exposure to large-cap US equities.
• Minimum investment is $5,000, with no lock-in period or exit load; TER is 0.30% for direct and 0.60% for regular plans.
• These funds allow Indian investors to access US markets without foreign brokerage accounts, with tax reporting handled at the fund level.