PPFAS Alternate Asset Managers IFSC opens a new office at GIFT city

PPFAS Expands to GIFT City, Launching New Investment Funds for Domestic and Global Investors.

Expert Analysis:

• Office Inauguration at GIFT City: PPFAS Alternate Asset Managers IFSC, a subsidiary of Parag Parikh Financial Advisory Services Limited, has inaugurated a new office at GIFT City, Gandhinagar, as the hub for the firm's global and domestic alternative investment offerings.

• Ready for Fund Launch: With infrastructure, team, and regulatory groundwork in place, PPFAS is set to launch its inbound fund once approvals are received and will offer outbound fund structures and PMS from GIFT City.

• Inbound Fund Details: The inbound fund, a fund of funds (FOF), will feed into the Parag Parikh Flexicap Fund, targeting NRIs and foreign nationals, offering benefits like no PAN number, NRO/NRE account, or FPI license requirement.

• Repatriation and Outbound Fund: The inbound fund allows unrestricted repatriation with US Dollar investments, while the outbound fund will enable Indian investors to use LRS limits for international investments, with the structure details to be revealed later.

• Alignment with Long-Term Vision: The expansion to GIFT City aligns with PPFAS's vision to build a robust alternative investment platform, leveraging IFSC’s regulatory benefits and global connectivity.