Singapore’s SCUBE launches fund for Federal Bank tying up with Equirus

Singapore-based SCUBE Capital launched a bespoke fixed maturity fund for Federal Bank’s non-resident customers in association with Equirus Wealth. The fund will invest in US dollar-denominated fixed income instruments of Indian and international issuers.

The fund aims to generate an investment return of 6.50 percent a year in dollar terms. It will have a tenor of three years from the date of fund closure, which could be extended by another one year.

“The investment strategy seeks to offer superior risk-adjusted-return for investors against the backdrop of rock bottom interest rates,” said Hemant Mishr, Co-Founder and CEO, Asset Management, SCUBE Capital, Singapore. The fund has been jointly designed with inputs from the Equirus and the Federal bank team, in keeping with the spirit of collaboration.


SCUBE Capital has global funds across alternate investments, fixed income and multi asset investments serving different investor segments.

“While this is our first exclusive product for Federal Bank clients, we are very keen to create a pipeline of such exclusive offerings going forward,” said Ajay Garg, managing director at Equirus group.