PPFAS GIFT reduces minimum investment in its two outbound passive funds to $500

PPFAS Alternate Asset Managers IFSC Private (PPFAS GIFT), the GIFT City-based fund management entity of PPFAS, has announced a significant reduction in the minimum initial investment for its two outbound passive funds - Parag Parikh IFSC S&P 500 Fund of Fund and Parag Parikh IFSC Nasdaq 100 Fund of Fund.

The minimum investment amount in these two outbound passive funds is reduced from $5,000 to $500, effective August 25, according to a press release by PPFAS GIFT.

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The release further said that this move aims to make global investing more accessible to eligible Indian investors seeking to diversify their portfolios beyond domestic markets. With the revised minimum investment, most retail investors can now access these global index-linked investment strategies at a significantly lower entry threshold.

“When we launched our outbound passive funds, the objective was to provide investors with a simple and transparent route to participate in global markets through GIFT City. Reducing the minimum investment from $5,000 to $500 is a natural next step in that journey,” said Hema Thakkar, Head – Business Development (Alternatives), PPFAS.

“We believe global diversification should not be limited to investors who can commit a larger amount at the outset. This change allows a much wider set of eligible investors to gradually build international exposure, while staying invested in straightforward, index-based strategies,” Thakkar further said.

The Parag Parikh IFSC S&P 500 Fund of Fund provides passive exposure to the S&P 500, an index comprising 500 leading publicly traded companies in the United States and representing a broad cross-section of the U.S. largecap market.

The Parag Parikh IFSC Nasdaq 100 Fund of Fund, meanwhile, provides exposure to the Nasdaq 100, comprising the 100 largest non-financial companies listed on the Nasdaq Stock Market, with significant representation from technology, communications, and consumer-oriented businesses.

Both funds invest in ETFs and UCITS linked to their respective indices and are designed to provide investors with exposure to global equities without the need to open and manage a foreign brokerage account. The funds are denominated in US dollars and have no lock-in period or exit load.

Parag Parikh IFSC S&P 500 Fund of Fund and Parag Parikh IFSC Nasdaq 100 Fund of Fund completed their NFO period on March 16, 2026.

According to PPFAS GIFT, both these funds open a new way for Indian investors to participate in major U.S. stock markets without the need to open foreign brokerage accounts. They are structured to primarily invest in ETFs and UCITS that track the S&P 500 and Nasdaq 100 indexes, respectively, thereby bringing broad exposure to large-cap U.S. stocks and leading technology companies to investors through a simple and compliant route.

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Parag Parikh IFSC S&P 500 Fund of Fund is benchmarked against S&P 500 Index and Parag Parikh IFSC Nasdaq 100 Fund of Fund from GIFT City, IFSC is benchmarked against Nasdaq 100 Index.

These funds also feature a low Total Expense Ratio (TER), ensuring that a greater portion of investors’ capital is allocated toward the underlying investments rather than fund management costs.

They are aimed at Resident Indian Individuals and other eligible investors, e.g. Companies, LLPs, Partnership Firms who want international diversification through an easy-to-access product with clear tax and regulatory frameworks.

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