PPFAS Alternate Asset Managers IFSC Private Limited · FDM2025FMR0814 · Inception: August 27, 2025 · 15–25 global stocks · US + Europe
A PMS is fundamentally different from a mutual fund or AIF. Key structural points:
| Fund Management Entity | PPFAS Alternate Asset Managers IFSC Private Limited |
| IFSCA FME Registration | FDM2025FMR0814 |
| Parent Group | Parag Parikh Financial Advisory Services Ltd. (PPFAS, PMS licence since 1996) |
| Product Type | Portfolio Management Service (PMS) — Discretionary + Advisory variants |
| Direction | Outbound — invests in global equities (US, Europe, developed markets) |
| Investment Universe | Global equities ex-India — US, Europe and other developed markets |
| Portfolio Size | 15–25 stocks (concentrated, high-conviction model portfolio) |
| Benchmark | S&P 500 Net Total Return Index |
| Currency | USD (all investments, returns, and withdrawals) |
| Custodian & Broker | Interactive Brokers LLC (IBKR) |
| Inception Date | August 27, 2025 |
| Lock-in | None — exit at any time |
| Entry / Exit Load | Nil |
| Registered Office | 412, Pragya II, Block 15C1, Road 11, GIFT City, Gandhinagar — 382 355 |
PPGIS is available in two variants. Most investors use the Discretionary structure; the Advisory is for those who want professional guidance while retaining full trade execution control.
Advisory PMS note: In the Advisory model, PPFAS provides portfolio recommendations but you act on them through your own Interactive Brokers account. Importantly, LRS limits do not apply when transferring existing offshore securities already held abroad into the IB account — only fresh remittances from India count toward the USD 250K annual cap.
PPFAS applies the same Benjamin Graham / Warren Buffett framework to global markets that made Parag Parikh Flexi Cap Fund one of India's most respected funds. The five pillars:
The investment process runs through four stages: Finding (screen quality businesses, build investment universe) → Studying (sectoral analysis, competitor comparison, management assessment) → Valuing (historical and peer-relative valuation, reasonable price range) → Building (opportunistic buy/sell, sectoral and geographic diversification). The portfolio excludes India entirely — this is a pure global equity strategy that complements, rather than duplicates, existing India equity exposure.
Holdings listed alphabetically — individual weights not disclosed in factsheet. Source: PPFAS GIFT factsheet, March 2026.
7-month track record: PPGIS launched August 27, 2025. The data below covers a short period that included significant global market volatility in Q4 2025 and Q1 2026 (driven by US tariff concerns). A 7-month return should not be extrapolated. Performance figures are TWR (time-weighted return), net of all fees and expenses, consolidated across all Discretionary PMS investors.
| Period | PPGIS (TWR, net) | S&P 500 Net TR Index | Difference |
|---|---|---|---|
| Since Inception (Aug 27, 2025) | −2.56% | +1.49% | −4.05% |
| Last 6 Months | −5.61% | −2.31% | −3.30% |
| Last 3 Months | −6.88% | −4.42% | −2.46% |
| Last 1 Month | −5.13% | −5.01% | −0.12% |
As at March 31, 2026. Source: PPFAS GIFT — Discretionary PMS factsheet, March 2026. Performance of individual client portfolios may vary from consolidated metrics due to timing of inflows and outflows. Past performance is not indicative of future results.
PPGIS is managed by PPFAS's GIFT City team, drawing on the same CIO and investment philosophy that runs the flagship Parag Parikh Flexi Cap Fund in India.
Source: PPFAS advisory presentation and discretionary factsheet (March 2026). Verify team composition with PPFAS for any subsequent changes.
PMS investors own securities directly — gains are taxed in the investor's hands, not at fund level. The investor must file an ITR declaring all PMS transactions for the financial year.
Consult your CA before investing. Tax treatment for NRIs differs — speak with Tequity for residency-specific guidance.
Track record: Launched August 27, 2025. Only ~7 months of live data (as at March 2026). Assess on philosophy and team — not on short-term returns.
We'll walk you through LRS planning, IB account setup, Discretionary vs Advisory comparison, and how PPGIS fits alongside other global products.
PPGIS brings the same patient, valuation-first philosophy behind Parag Parikh Flexi Cap Fund to global markets. We'll help you plan LRS remittances, set up your Interactive Brokers account, and decide between Discretionary and Advisory.
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