PPFAS Alternate Asset Managers IFSC Private Limited, the GIFT City-based fund management entity of PPFAS, has reduced the minimum initial investment in its two outbound passive funds from US$5,000 to US$500, effective August 25.
The reduced threshold applies to the Parag Parikh IFSC S&P 500 Fund of Fund and the Parag Parikh IFSC Nasdaq 100 Fund of Fund, making global index-linked investment strategies more accessible to eligible Indian retail investors.
Hema Thakkar, Head – Business Development (Alternatives) at PPFAS, said the move was aimed at widening access to international diversification through straightforward, index-based investment strategies.
The S&P 500 fund provides exposure to 500 leading publicly traded companies in the US, while the Nasdaq 100 fund tracks 100 of the largest non-financial companies listed on the Nasdaq, with significant exposure to technology, communications and consumer-oriented businesses. Both funds invest in ETFs and UCITS linked to their respective indices and are denominated in US dollars, with no lock-in period or exit load.
In Kolkata, the lower US$500 entry point could attract greater interest among retail investors and wealth management clients looking to diversify beyond domestic equities and gain exposure to major US market indices through the GIFT City platform, subject to applicable investment regulations.