Asset Management Firm True Beacon’s Flagship Fund Records 26.6% Outperformance of Indian NIFTY50, Despite Covid-induced

Christel Deskins

Asset Management Firm True Beacon’s Flagship Fund Records 26.6% Outperformance of Indian NIFTY50, Despite Covid-induced Turbulence PR Newswire BENGALURU, India, Sept. 10, 2020 – True Beacon’s flagship fund, True Beacon One, outperformed the Indian NIFTY 50 index by 26.6% from 1st Sept 2019 to 31st August 2020, posting an annualised […]

Asset Management Firm True Beacon's Flagship Fund Records 26.6% Outperformance
             of Indian NIFTY50, Despite Covid-induced Turbulence

  PR Newswire

  BENGALURU, India, Sept. 10, 2020

- True Beacon's flagship fund, True Beacon One, outperformed the Indian NIFTY
50 index by 26.6% from 1st Sept 2019 to 31st August 2020, posting an
annualised return of 29.7%

- True Beacon International, based in Mauritius, is now open for foreign
investment into the Indian capital markets, aiming to mirror the performance
of True Beacon One

- Strengthening the leadership of True Beacon, Former Vice Chairman of
Standard Chartered Private Bank, Richard Pattle LVO, to transition to CEO True
Beacon

BENGALURU, India, Sept. 10, 2020 /PRNewswire/ -- Nikhil Kamath, Co-Founder and
CIO of True Beacon and Zerodha, today announced full-year results for True
Beacon's flagship fund. True Beacon One, which invests in Indian capital
markets, recorded an outperformance of the NIFTY50 benchmark by 26.6%. The
annualised returns for the fund were 29.7% from September 2019 to August 2020.

True Beacon services ultra-high net worth and high net worth individuals and
employs a revenue model with zero management and standing fees. Instead, the
company charges a 10% performance reward on any gains achieved.

To attract foreign investment into the Indian capital markets, a Category-I
Foreign Portfolio Investment company, True Beacon International, has been
established. The Mauritius-based entity will serve international ultra-high
net worth and high net worth individuals who wish to participate in, and
contribute to, India's growth story.

Further strengthening the leadership of True Beacon as it expands across India
and overseas, the company announced Richard Pattle, who is currently Senior
Advisor to True Beacon and Zerodha, will assume the role of CEO True Beacon.
Commenting on Richard's appointment, Nikhil commented, "Richard has been
involved with True Beacon since its inception. This appointment is a natural
progression for us as we continue to build our team, capabilities and global
reach. Richard brings with him a wealth of experience in the public and
private sector and has a deep passion for India forged over the last thirty
years. He, like us, is a firm believer in the country's incredible growth
potential."

Commenting on his appointment as CEO, Richard said, "I have enormous respect
for what Nikhil and Nithin have achieved through Zerodha, and I am
exceptionally proud of Nikhil's unparalleled performance in delivering
stunning first year results for True Beacon. I look forward to helping grow
True Beacon's distinctive and compelling product and service offerings."

Media Contact: Kudrat KahlonChief Marketing Officer , True Beacon E:
[email protected]

 

 

 

Contact: T: +91 9886393843

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