Federal Bank and Equirus Wealth have jointly launched a ‘US Dollar Offshore Fund’ for their clients. This is in association with SCUBE Capital, a global fund management company based out of Singapore.
NRIs and resident customers of Federal Bank can invest in this fund which offers a portfolio return (IRR) guidance of ~$6.50% p.a. with an option to extend the fund tenure up to one year with a fund tenure of three years from the date of fund closure . The portfolio is managed by a highly skilled team with over 70 years of cumulative experience in managing investments of over $50 billion.
Speaking on the occasion, Shalini Warrier, Executive Director & Business Head – Retail, Federal Bank said, “This offer has been specially curated by our partner, Equirus Wealth in association with SCUBE Capital and is only available for Federal Bank customers. available for.”
Ajay Garg, Managing Director, Equirus Group, said, “The product offers attractive risk-adjusted returns in view of the low credit yield environment. While this is our first exclusive product for Federal Bank customers, we look forward to more such special offerings. Very keen to have a pipeline ready.”
Hemant Mishra, Co-Founder and CEO, Asset Management, SQBE Capital, Singapore, said, “Keeping in mind the spirit of collaboration, the fund has been jointly designed with inputs from Equirus and the Federal Bank team. The investment strategy seeks to offer superior risk-adjusted-returns to investors against a backdrop of rock bottom interest rates.”
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