Retail schemePassive
Parag Parikh IFSC S&P 500 Fund of Fund
PPFAS Alternate Asset Managers IFSC
A low-cost, rules-based way to own the 500 largest US companies. The fund invests in ETFs that track the S&P 500, so returns follow the index closely.
Minimum investment
USD 500
Top-up from USD 500
Key facts
Structure
Retail scheme · open-ended passive fund of funds
Strategy
Passive fund of funds tracking the S&P 500
Invests in
S&P 500 UCITS ETFs — currently Invesco S&P 500 UCITS ETF (Acc)
Benchmark
S&P 500 Net Total Return Index
Fees (Regular plan)
0.60% a year (0.65% including the underlying ETF's cost)
Exit load / lock-in
Nil · no lock-in
Minimum investment
USD 500 — Top-up from USD 500
Status
Open
What it gives you exposure to
- ✓The 500 leading US listed companies, weighted by market value
- ✓Large-cap US leaders across technology, financials, healthcare and consumer brands
- ✓Index tracking — no stock-picking risk
Things to know before investing
- !Tax is paid by the fund: redemptions after 24 months use a long-term post-tax NAV, earlier ones a short-term post-tax NAV.
- !The underlying ETF is listed in Europe, so the NAV can differ from the index on days US markets move after European hours.
- !Heavily weighted to US mega-cap technology, like the index itself.
How to invest
Remit US dollars under the RBI’s Liberalised Remittance Scheme (up to USD 250,000 per person a year; 20% TCS above ₹10 lakh, adjustable against your tax) and subscribe to the fund in USD. As a retail scheme, it is open to any resident Indian investor. See the step-by-step guide.
Details last reviewed 27 Sep 2026. Fees and terms can change — confirm with the offer document or private placement memorandum before investing.