True Beacon
Has anyone invested through True Beacon, Nikhil Kamath’s wealth management startup for UHNIs? How has the experience been?
Jordon Carmden
Stealth
2 years ago
The amount should be 50 L-1Cr min. Not 10 Cr. Almost 80-90% of PMS/AIFs have failed to beat the index in the last 2-3 years. What happens in future is anybody’s guess and whether you want to pay a very high fee for taking that bet is upto you. Most people who invest in such funds have less than 2-5% of their total networth in such funds, and want some excitement in their investments. PMSes and AIFs are extremely tax inefficient because you pay for all the buying and selling of stocks, unlike a Mutual Funds.
So it depends on how experienced someone is in the market and how much money they have. For most people(including UHNIs), Mutual Funds(Index or Active) give the best long term results, because of lower fee, sometimes a good AMC/Fund Manager expertise and tax efficiency.
I believe True Beacon’s business model is tuned to take care of the high fees in the PMS industry. They take 10% of the profits made, only if profits are made.
I wanted to know how the experience has been for someone who’s invested. Any thoughts on that?
Kendall Dean
Stealth
2 years ago
I know 2 people who took funds out after 2 years of underperformance. But that is a short timeframe and might not give a correct picture.
Blair Lee
Stealth
2 years ago
Isn’t the minimum capital required 10Cr?
Jordon Lee
Stealth
2 years ago
Don’t invest just buy index fund and some debt fund it’s that simple don’t complicate no one knows stock will go up down sideways so don’t go with them it’s your money you need to take care of don’t believe anyone
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