Parag Parikh GIFT City launches feeder fund for domestic flexi cap scheme
In short
Parag Parikh GIFT City has launched the Parag Parikh India Flexi Cap Fund. It will invest in the domestic Flexi Cap Fund and is open to NRIs, OCIs and some eligible foreign investors.
The move gives overseas investors a route into the fund and may affect how the scheme is marketed and used.
What the reporting says
Parag Parikh GIFT City has launched the Parag Parikh India Flexi Cap Fund, a feeder fund that will invest in the domestic Parag Parikh Flexi Cap Fund. The structure offers NRIs, OCIs and eligible foreign investors access to the scheme.
Why it matters
The launch creates a GIFT City feeder route into the domestic Parag Parikh Flexi Cap Fund. According to the summary, the structure is aimed at NRIs, OCIs and eligible foreign investors, and it comes with NFO and investment-rule details. The practical effect is broader access to the underlying mutual fund through an overseas-facing vehicle.