Bengaluru, 01.04.2022: According to the Securities Exchange Board of India data, the total assets of Alternative Investment Funds (AIFs) have gone up to ₹606 thousand crores in Q3 FY22 from ₹441 thousand crores in Q3 FY21, which is an annual increase of 38%. The data clearly showcases the growing appetite for AIFs in India.
Launched in September 2019, True Beacon is a wealth management platform that has become one of India’s fastest-growing wealth management companies. Co-founded by Zerodha’s Nikhil Kamath, and headquartered in Bangalore, the company is disrupting an age-old industry with its focus on transparency and a fair zero-management fee structure, specifically designed for Ultra High Net Worth Individuals. “We realized there are many inefficiencies in the industry. The fund manager and the client are never aligned in a way. However, in True Beacon, if the client does not do well for any reason over a five-year period, we make no revenue as a company. So, we’re really putting our necks out there and saying we will create something that is different, which is completely client aligned and transparent,” says founder Nikhil Kamath.
The wealth management firm’s flagship Category III AIF fund is open-ended, with zero management fees and a 10% annual performance reward on gains achieved by the company. Last year, True Beacon launched GIFT City’s first global hedge fund to cater to international investors.
True Beacon Investors find comfort in the hedged nature of the product for its superior downward protection, conservative nature, and bullish stance on India’s economic and equity market growth. Investors often look at it as a way to diversify their portfolios.
Co-founder and CEO, Richard Pattle said, “One of the things Nikhil and I have enjoyed doing the most in the past couple of years is building this amazing community of business leaders and founders.” Today, the platform proudly hosts some of the world’s most prominent entrepreneurs, business families, corporate leaders, and other notable figures. “We hope to not just help our clients out by managing their money better but we also want to add strategic value to whatever they might be doing,” adds Kamath. For the community of their investors, True Beacon also drives strategic value through global deal flow