Parag Parikh IFSC
NASDAQ 100
Fund of Fund
Invest in the innovation engine of the modern economy. Access the 100 largest technology companies like Apple, Nvidia, Tesla, and Microsoft via a tax-efficient GIFT City structure.
Why Nasdaq 100?
Innovation Driven
Captures global digital growth
Tech Heavy
~64% Technology Sector Weight
Non-Financials
Excludes banks & financial firms
Why Invest in this Fund?
The GIFT City Advantage
Investing through PPFAS GIFT City provides structural advantages over direct investing or traditional feeder funds.
-
No Inheritance Tax:
Mitigates US estate tax implications (typically 40%) for non-US residents.
-
Tax Efficient Structure:
Tax is paid at the fund level. No complex tax filing compliance for investors in the US.
-
Cost Optimization:
Pooled vehicle structure reduces individual transaction costs and FX conversion spreads.
The Nasdaq 100 Edge
The index rules drive quality. Companies are added based on market cap and liquidity, and removed if they fail to perform. Winners grow in weight; laggards fade automatically.
Companies replaced each decade
Ensures high liquidity
Of Nasdaq's market cap (ex-financials)
Portfolio Composition
A Tech-Heavy, Concentrated Index
Sector Allocation
*Source: S&P Global. Allocations subject to change.
Top 10 Constituents
| Company | Sector | Weight |
|---|---|---|
| Nvidia | Technology | 9.88% |
| Microsoft | Technology | 8.39% |
| Apple | Technology | 8.24% |
| Broadcom | Technology | 5.59% |
| Amazon | Cons. Disc. | 5.10% |
| Tesla | Cons. Disc. | 3.53% |
| Meta | Telecom | 3.47% |
Rolling Returns Snapshot
Nasdaq 100 Index Performance (1991 - 2024)
*Source: Investing.com. Data in USD terms. Past performance may or may not be sustained in future. The above data is for the Index and not for the Fund.
Nasdaq 100 vs. S&P 500
Understanding the key structural differences
S&P 500
- Sector Focus Diversified (IT ~33%)
- Company Count 500
- Entry Criteria Profitability Required
- Rebalancing Committee Driven (Ad-hoc)
- "Valuation moderates during downturns due to diversified coverage including defensive names."
NASDAQ 100
- Sector Focus Tech Heavy (IT ~64%)
- Company Count 100
- Entry Criteria Rules Based (Market Cap)
- Rebalancing Quarterly & Annual
- "More prone to higher volatility but captures pure innovation-led growth."
Fund Facts
Key Information for Investors
Who Can Invest?
Indian resident individuals (via LRS), Corporates, Trusts, Partnership Firms, and other eligible persons.
The Leadership Team
Guided by experienced professionals
Neil Parag Parikh
Chairman & CEO
MBA from IESE Business School, Spain. Associated with the firm since 2004.
Rajeev Thakkar
Chief Investment Officer
CA, CFA, CFP. Over 15 years of experience in capital markets. CIO since 2003.
Nirmal Bari
Principal Officer
BE, PGDM. 11+ years experience in Equity Research, PE & Venture Debt.
Akshay Falgunia
Fund Manager
CA. 7+ years experience in equity research covering Indian & Global markets.
How to Invest
Simple three-step process to start your global investment journey.
Open Account
Complete the KYC and open an investment account online via our digital portal.
Remit Funds
Transfer USD from your bank account to the GIFT City bank account.
Transact
Log in to the portal, select the desired fund, and execute your transaction.
Downloads & Resources
Essential documents for the Nasdaq 100 FoF.
Factsheet
Monthly Update - Jan 2024
Presentation
Scheme Strategy Deck
PPM / SID
Private Placement Memo