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Parag Parikh IFSC S&P 500 Fund of Fund

PPFAS Alternate Asset Managers IFSC Private Limited

OutboundUSD

Parag Parikh IFSC S&P 500 Fund of Fund is a GIFT City (IFSC) outbound fund managed by PPFAS Alternate Asset Managers IFSC Private Limited. Its latest NAV is USD 116.2064 (Direct) as of 19 Oct 2026, as published by the fund house.

For information only, not investment advice. Eligibility and suitability depend on the investor.

NAV · Direct
116.2064 USD
0.07% up vs previous NAV · 19 Oct 2026
CompareFactsheet ↗
OverviewNAV chartVs benchmarkShare classesPortfolioDocumentsAbout the fund house

Key facts

As published by the fund house; “Not published” means the source does not state it.

Inception date
20 Mar 2026
Benchmark
S&P 500 Net Total Returns Index
Fund manager
Akshay Falgunia
Minimum investment
$500
AUM
$28.06M (30 Sept 2026)
Expense ratio (TER)
Direct 0.35% · Regular 0.65%
Management fee
Not published
Exit load
No Exit load
Structure
—
Master fund
—
Category
An open-ended passive fund of fund scheme
Currency
USD
More terms stated by the source (20)
Lock in
No Lock-in
Benchmark
S&P 500 Net TRI
Purchase nav
Long term post-Tax NAV
Base currency
USD
Redemption nav
Investor's Holding Period > 2 Years – Long term post-Tax NAV Investor’s Holding Period < 2 Years – Short term post-Tax NAV
Target investors
Resident Indian Individuals and other eligible investors, e.g. Companies, LLPs, Partnership Firms.
Factsheet holdings
Invesco S&P 500 UCITS ETF Acc: 99.97% Cash & Money Market Instruments: 0.03%
Minimum investment
US$ 500 Onwards
Factsheet expense ratio
0.30% p.a.
Factsheet class of units
Class A (Direct)
Factsheet benchmark index
S&P 500 Net Total Returns Index
Factsheet investment team
Mr. Akshay Falgunia – Fund Manager Mr. Nirmal Bari – Director & Principal Officer
Factsheet type of the scheme
An open-ended passive fund of fund scheme
Factsheet date of nfo allotment
March 20, 2026
Factsheet name of the fund scheme
Parag Parikh IFSC S&P 500 Fund of Fund (PPISP500)
Factsheet load structure or lock in
No Entry or Exit load applicable No Lock-in Applicable
Factsheet net asset value as at sep 30 2026
Subscription NAV: 116.0693 Redemption NAV- Long term post tax: 116.0693 Redemption NAV- Short term post tax: 114.2836
Factsheet minimum initial and additional subscription
Minimum Initial Subscription: US$ 500 Minimum Additional Subscription: US$ 500
Factsheet assets under management aum as on sep 30 2026
US$ 28.06Mn
Factsheet total expense ratio including underlying etf s ter
0.35% p.a.

NAV history

Daily NAV per share class, from the fund house's own records.

Since launch: +15.08%

138 daily NAVs for Direct, 23 Mar 2026 to 19 Oct 2026.

Show recent NAVs (Direct, last 30)
Recent NAVs of Parag Parikh IFSC S&P 500 Fund of Fund, Direct
DateNAV (USD)Change
116.20640.07% up
116.11950.08% down
116.21020.20% down
116.4420.51% down
117.03310.21% down
117.27780.14% up
117.11390.25% up
116.81980.07% down
116.89770.68% down
117.69420.90% up
116.64281.49% up
114.92640.98% down
116.06930.58% up
115.40280.17% down
115.59620.43% down
116.09960.57% up
115.44590.57% down
116.10190.45% down
116.62910.34% up
116.2321.14% up
114.9250.02% down
114.95160.19% up
114.73420.32% up
114.36270.98% down
115.49670.69% up
114.70130.30% down
115.04910.59% down
115.7310.08% down
115.82190.09% down
115.92740.45% down

Performance vs benchmark

Returns as printed by the fund house beside its benchmark's; the fund-house table is the source, not our calculation.

Direct: fund vs benchmark

as of 30 Sept 2026

This fund house prints two since-launch figures: after tax (the NAV an investor sees) and before tax (time-weighted).

SeriesSince launchSince launch (pre-tax)
Fund+16.07%+18.89%
S&P 500 Net Total Returns Index+18.08%+18.08%
Fund minus benchmark-2.01 pp+0.81 pp

Regular: fund vs benchmark

as of 30 Sept 2026

This fund house prints two since-launch figures: after tax (the NAV an investor sees) and before tax (time-weighted).

SeriesSince launchSince launch (pre-tax)
Fund+15.88%+18.67%
S&P 500 Net Total Returns Index+18.07%+18.07%
Fund minus benchmark-2.19 pp+0.60 pp

Returns are printed by the fund house in its factsheet, in USD. Past performance is not a guide to the future. Differences are in percentage points.

Share classes and returns

Returns are computed from the stored NAV history and left blank when the history is shorter than the period. Not a forecast.

ClassNAV1M3M6MYTD1YSince launchMgmt feeTERMin.
Direct Class A (Direct)116.2064
19 Oct 2026
1.11% up3.05% up7.34% up——15.08% up—0.35%$500
Regular Class B (Regular)115.9973
19 Oct 2026
1.09% up2.97% up7.17% up——14.88% up—0.65%$500

Portfolio

Holdings and weights as printed in the latest factsheet; dates shown are the portfolio dates the fund house states.

What the fund holds · as of 30 Sept 2026

#HoldingWeight
1Invesco S&P 500 UCITS ETF Acc
99.97%
2Cash & Money Market Instruments
0.03%

Sector allocation · as of 31 Aug 2026 · underlying funds

  • Information Technology
    36.70%
  • Financials
    12.50%
  • Communication services
    9.70%
  • Consumer Discretionary
    9.40%
  • Health care
    9.10%
  • Industrials
    8.80%
  • Consumer Staples
    4.70%
  • Others
    3.70%
  • Energy
    3.40%
  • Utilities
    2.10%

Documents

Links open the fund house's own files.

Factsheet · September 2026 · Direct ↗Factsheet · September 2026 · Regular ↗

About the fund house

Legal entity
PPFAS Alternate Asset Managers IFSC Private Limited
IFSCA registration
FDM2025FMR0814 · FME RETAIL
CIN
U66309GJ2024PTC156345
Address
412, Pragya II, Block 15C1, Road 11, GIFT City, Gandhinagar - 382 355, Gujarat, India
Website
gift.ppfas.com/ ↗
Data source
PPFAS GIFT (PPFAS Alternate Asset Managers IFSC Private Limited) official website ↗

Last collected 21 Oct 2026. Check the fund house's own documents before relying on any figure.

Other outbound funds

DSP Global Equity Fund
DSP Asset Managers (IFSC)
9.371
1.07% up
Edelweiss Greater China Equity Fund
Edelweiss AMC (IFSC)
10.3897
4.89% down
HDFC International – Developed Markets Equity Fund
HDFC AMC International (IFSC)
98.9934
0.57% up

NAV as of 19 Oct 2026 · data refreshed 21 Oct 2026