PPFAS to Launch S&P 500, Nasdaq 100 FoFs and NRI-Focused Flexi Cap Fund from GIFT City

Parag Parikh Mutual Fund (PPFAS) has announced the launch of 4 new funds from GIFT City, Gujarat. The lineup includes 3 global Fund of Funds (FoFs) and one India Flexi Cap Feeder Fund designed for NRIs and overseas investors. These new funds aim to offer exposure to international markets like the S&P 500 and Nasdaq 100, while also providing a channel for NRIs to invest in Indian equities easily.

Funds to Be Launched

According to the PPFAS GIFT City website, the 3 overseas Fund of Funds are:

• Parag Parikh IFSC S&P 500 FoF
• Parag Parikh IFSC Nasdaq 100 FoF
• Parag Parikh IFSC Active Fund

In addition, the Parag Parikh India Flexi Cap Fund (Feeder Fund) will allow NRIs to invest in India through dollars without the usual complexities of KYC, taxation, or currency conversion.

All these funds will be managed by PPFAS Alternate Asset Managers IFSC Pvt Ltd, a subsidiary of Parag Parikh Financial Advisory Services Ltd.

Existing PPFAS Offerings

Currently, PPFAS manages 2 key mutual funds for Indian investors, the Parag Parikh Flexi Cap Fund and the Parag Parikh ELSS Tax Saver Fund. With the new GIFT City funds, PPFAS aims to expand globally and provide investors broader access to international opportunities.

Understanding Fund of Funds (FoFs)

A Fund of Fund (FoF) invests in multiple mutual funds or ETFs rather than individual stocks. This approach helps diversify investments and is managed by professionals.

Examples include the SPDR S&P 500 ETF (SPY), Vanguard S&P 500 ETF, and iShares Core S&P 500 ETF, which track large-cap U.S. companies. Similarly, the Invesco QQQ Trust (QQQ) tracks the Nasdaq 100, offering exposure to top tech firms like Apple, Microsoft, Nvidia, Amazon, Meta, and Tesla.

Read More: Top Equity Mutual Funds with Highest 5-Year CAGR for November 2025.

What is GIFT City IFSC?

GIFT City (Gujarat International Financial-Tec City) is India’s first International Financial Services Centre (IFSC), regulated under the Special Economic Zones Act, 2005. It enables Indian fund houses like PPFAS to offer global investment products to both Indian and foreign investors.

Conclusion

PPFAS’s new fund launches from GIFT City mark a strategic move to give Indian and NRI investors easy access to global markets. By introducing FoFs linked to the S&P 500 and Nasdaq 100, along with a feeder fund for Indian equities, PPFAS is bridging the gap between domestic and international investing opportunities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.