True Beacon, an asset management company led by Nikhil Kamat and Richard Pattle, co-founders of brokerage firm Zerodha, has launched a new multi asset fund. It will invest in equity as well as tax-free fixed income component.
True Beacon II Fund will endeavor to deliver good returns with low risk. For this, it will strike a balance between asset classes.
Famous investor Vijay Kedia added these 2 stocks to his portfolio, will you invest too?
This fund is good for new investors who want to invest in equities. True Beacon II will enhance the value by investing in 200 of the largest companies in the country and at the same time avoid inflation and volatility by investing in government-guaranteed debt instruments.
True Beacon II has assets under management of around Rs 1,300 crore. Its clients include over 300 High Net Worth Individuals (HNI) and Ultra High Net Worth Individual clients from around the world. The company’s first fund, True Beacon I, had delivered nearly 32 per cent higher returns than the benchmark index last year.
Kamat said, “The objective of True Beacon II is to reduce inflation pressure while delivering good returns. For this, investments will be selected from among 200 largest companies. We will also invest in high-grade debt instruments which will help the market volatility can be avoided.
True Beacon has a low-cost fee model. There is no management fee and a performance fee of 10 per cent on profits at the end of the financial year.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.