Federal Bank in association with Equirus Wealth launches an exclusive USD Fixed Maturity Fund

Federal Bank in association with Equirus Wealth has launched “US Dollar offshore fund” exclusively for their customers. This is in collaboration with SCUBE Capital, a global fund management company based out of Singapore

Both NRI and Resident customers of Federal Bank can invest in this fund that offers a portfolio return (IRR) guidance of ~ $ 6.50 per cent per annum* with a fund tenor of 3 years from the date of fund closure with an option to extend by 1 year. The Portfolio is managed by a highly skilled team with a cumulative experience of over 70 years in managing investments of over US$ 50 billion.

Federal Bank in association with their associate partner Equirus Wealth has been offering a bouquet of comprehensive tailor-made wealth management solutions to customers since 2018.

Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi. The bank has 1,272 branches spread across different states in India. It also has representative offices abroad at Abu Dhabi, Qatar, Kuwait, Oman, and Dubai.

The share of Federal Bank is trading 0.25 per cent down in the last hour of trading session on Wednesday and is trading at Rs 98.2 per share on BSE.