federal bank collaborated with Equirus Wealth launched “US Dollar offshore fund” exclusively for its clients. This is in collaboration with SCUBE Capital, a Singapore-based global fund management company.
NRI clients and residents of federal bank can invest in this fund which offers a portfolio return orientation (IRR) of approximately 6.50% per annum* with a duration of 3 years from the fund closing date with an option to extend for one year . The portfolio is managed by a highly qualified team with a combined experience of over 70 years in managing investments in excess of US$50 billion.
Speaking on occasion, Shalini Warrier, Executive Director and Business Leader – Retail, Federal Bank said, “We have always strived to provide the best products and services to our clients, and the new US Dollar Offshore Fund is one example. The offer has been specially curated by our partner, Equirus Wealth with SCUBE Capital and is only available to Federal Bank clients. We are convinced that our customers will find this offer attractive and useful”.
Adding to the above, Ajay Garg, Managing Director – Equirus Group, said, “Our constant effort is to provide a comprehensive wealth management solution to our clients. The product offers attractive risk-adjusted returns given the low debt yield environment. Although this is our first exclusive product for Federal Bank customers, we are very keen to create a pipeline of exclusive offers like this in the future.
Hemant Mishr, Co-Founder and CEO, Asset Management, SCUBE Capital, Singapore, added that “SCUBE Capital is delighted to partner with Federal Bank and Equirus to bring this exclusive offer to Federal Bank customers. The fund was designed jointly with contributions from Equirus and the federal bank team, in a spirit of collaboration. The investment strategy aims to provide superior risk-adjusted returns to investors in a low interest rate environment.