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PPFAS GIFT cuts minimum investment in Nasdaq-100, S&P 500 funds from $5,000 to $500: What investors need to know

PPFAS GIFT has cut the minimum investment in its Nasdaq-100 and S&P 500 fund of funds from $5,000 to $500. The 90% reduction lowers the entry requirement by about 4.3 lakh for eligible investors seeking US equity exposure through GIFT City.