PPFAS Mutual Fund Gets Nod for New US Equity Funds, Offering S&P 500 and Nasdaq 100 Exposure

Overview

PPFAS Mutual Fund has received regulatory approval to launch two new schemes targeting GIFT City: Parag Parikh IFSC S&P 500 FoF and Parag Parikh IFSC Nasdaq 100 FoF. These passive funds will allow Indian investors direct access to U.S. equities by investing in UCITS-compliant index funds, aiming to enhance portfolio diversification.