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MUMBAI: True Beacon, the Indian asset administration firm, led by Zerodha co-founder Nikhil Kamath, and Richard Pattle on Thursday introduced the launch of a brand new Class III AIF – True Beacon II, a multi-asset fund that can comprise dynamic fairness and a tax-free fastened revenue element.
The fund endeavors to ship low-risk secure returns by dynamically rebalancing between asset courses. Splendid for brand new traders who want to scale fairness publicity, True Beacon II will put money into India’s largest 200 corporations to seize worth appreciation mixed with a sovereign-backed debt element to hedge towards inflation volatility.
Headquartered in Bengaluru, True Beacon manages property price ₹1,300 crores with over 300 excessive web price people (HNI) & ultra-high web price people (UHNI) purchasers from internationally. The corporate’s flagship fund, True Beacon I, outperformed the Indian fairness index, Nifty50 by over 32% in 2020. Earlier this 12 months, True Beacon launched GIFT Metropolis’s first world hedge fund to cater to worldwide traders.
Nikhil Kamath, co-founder, True Beacon defined, “True Beacon II is a long-only alpha oriented scheme geared toward diminishing the inflationary pressures of the economic system whereas producing superior risk-adjusted returns. This might be achieved by leveraging the selective pool of equities throughout the universe of the most important 200 corporations within the Indian economy which we imagine would be the business drivers whereas mitigating extra market volatility by dynamic asset allocation utilizing high-grade tax-free debt devices.”
Richard Pattle, co-founder and CEO, True Beacon stated, “As we develop our product-suite of funds to cater for ultra-HNI and HNI, True Beacon Two is a pure development from our flagship fund. Having demonstrated our fairness funding capabilities during the last two years, we’re assured that this Fund will match alongside True Beacon One. Every fund gives traders totally different threat and reward profiles.” True Beacon has a low-cost price mannequin with no administration price and a ten% efficiency price charged on beneficial properties on the finish of the monetary 12 months.
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