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PPFAS receives approval to launch 2 new passive GIFT City based outbound funds

PPFAS is launching two new funds from GIFT City. These passive funds, Parag Parikh IFSC S&P 500 FOF and Parag Parikh IFSC Nasdaq 100 FOF, will invest directly in S&P 500 and Nasdaq 100 ETFs. Indian investors can now get exposure to these global indices without foreign brokerage accounts.