Back to Career News

Federal Bank partners Equiras wealth for USD fixed maturity fund

January 20, 2022

Federal Bank partners Equiras wealth for USD fixed maturity fund

Federal Bank in association with Equiras Wealth has launch “US Dollar offshore fund” solely for their clients. This is in a joint effort with SCUBE Capital, a global fund management company based out of Singapore.

Both NRI and Resident clients of Federal Bank can put resources into this fund that offers a portfolio return (IRR) direction of ~ $ 6.50% per annum* with a fund tenor of a 3 years from the date of fund closure with an option to extend by 1 year. The Portfolio is managed by a highly skilled group with a cumulative experience of more than 70 years in managing investment of over US$ 50 billion.

Speaking on the occasion, Shalini Warrier, Executive Director and Business Head Retail, Federal Bank said, “We have always strived to bring the best of products and services to our clients, and the recently presented US Dollar Offshore Fund is an example of this. The deal has been specially curated by our partner, Equirus Wealth alongside SCUBE Capital and is simply available to Federal Bank clients. We are confident our clients will find this offer attractive and valuable”.

Adding to the above, Ajay Garg, Managing Director Equirus Group, said, “Our constant endeavor is to provide holistic wealth management solution to our clients. The product offers attractive risk adjusted returns given the low debt yield ecosystem. While this is our first exclusive product for Federal Bank customers, we are exceptionally quick to make a pipeline of such exclusive offerings going ahead.

Recommended for you ...

Tech Mahindra inks MoU with Axiata to develop 5G solutions
Tech Mahindra inks MoU with Axiata to develop 5G solutions

December 01, 2022

City Union Bank authorised to enable GST payments
City Union Bank authorised to enable GST payments

December 01, 2022

RBI authorises Tamilnad Mercantile Bank to undertake govt business
RBI authorises Tamilnad Mercantile Bank to undertake govt business

December 01, 2022

Chat on WhatsApp