Parag Parikh IFSC S&P 500 Fund of Fund

AMC Name – PPFAS Alternate Asset Managers IFSC Private Limited

Fund Name – Parag Parikh IFSC SsP 500 Fund of Fund

Investment Objective – Available for Indian Resident Investor under LRS Scheme, this is a low-cost passive strategy that replicates SCP 500 Index performance by investing in SCP 500 linked ETFs and UCITS via GIFT City. The strategy provides investors exposure to 500 of the largest US Companies across 11 sectors.

Outbound
Equity
Open Ended
USD Investment

Fund Level Taxation

Short Term Capital Gain Tax (STCG) 42.74 % for stocks help under 24 months	TCS (Tax Collected at Source ) 20 % TCS applicable for remittances > Rs 10 lakhs
Long Term Capital Gain Tax (LTCG) 14.95 % for stocks held 24 months or more	Dividends from Stocks Taxed at 35.88 %

Check NAV Latest Fund Fact Sheet

Benchmark	SsP 500 Net TRI
Minimum Investment	$5000
Additional Investment	$500
Lock in Period	Nil
Expense Ratio	0.60%
Exit Load	Nil
NAV at the Inception	$ 100
Present NAV	$ 112.02 (March 2026)
Fund Manager	Mr. Akshay Falgunia is a Chartered Accountant and a B.Com graduate from Gujarat University. He manages the passive outbound fund strategies at PPFAS GIFT City and brings over 7 years of industry experience.