PPFAS S&P 500 Fund (GIFT)
PPFAS Asset Management — IFSC Branch
Low-cost passive S&P 500 access in USD from $5,000
Fund data from fund-house disclosures, as of Jun 2026. The performance chart below shows the fund's live underlying / benchmark index (S&P 500) as a proxy — not the fund's own NAV. Always refer to the official factsheet before investing.
Underlying index — live proxy · 1Y
S&P 500, rebased to 100. A live stand-in for the fund's market exposure.
Strategy & allocation
Passive — invests in S&P 500-linked UCITS & ETFs
~90% in index, ~10% cash/debt for liquidity (33% tech)
Strengths
- Low fee (~0.5%)
- Broad US large-cap
- Low ticket ($5,000)
Watch-outs
- Still tech-tilted (33%)
- Rich US valuations
Who is it for?
PPFAS's passive GIFT IFSC fund-of-fund tracking the S&P 500 via UCITS/ETFs at ~0.5% fee — the simplest broad-US core sleeve for an Indian portfolio, dollar-denominated.
USD diversification: at today's live rate of ₹95.75/USD, a dollar sleeve compounds the rupee's long-run drift on top of the strategy's own return.
Geography Exposure
United States
Tax Snapshot
USD capital gains on IFSC units; LRS-funded.
Always obtain personalised tax advice.
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